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UNIDO, Metro Group Extend Alliance for Food Supplies
As a result of the joint UNIDO-Metro Group pilot project in Egypt, post-harvest losses were reduced, quality & safety of food products was improved.
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US looks to give $330 million in aid to Egypt
The United States is looking to grant Egypt $330 million in aid, Ambassador to Egypt Anne Patterson told Egypt’s Finance Minister Hazem al-Beblawy.
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OCI, Mobinil, Telecom Egypt, Kabo: Egyptian Equity Preview
The benchmark EGX30 Index gained 1.2 percent to 4,715.56 in Cairo.
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Beltone cuts Mobinil to “hold” from “buy” after boycott campaign
The stock estimate was reduced 35 percent to 114 pounds by the Cairo-based investment bank.
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Egypt's OCI Q2 net grows; sees bigger backlog
Egypt's Orascom Construction (OCI) posted a 15 percent rise in second-quarter net income on Tuesday and said it expected orders to grow this year.
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Government proposed maximum wage 36 times the minimum
Wages would be set by an equation accounting for average inflation and an average wage growth of 10% annually over a 38-year career, Al-Beblawy said.
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Tourism Ministry predicts losses of US$3 billion by year-end
“We made US$12.8 billion last year,” he said. “We will make about US$10 billion this year if nothing happens that affects the security situation.”
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Egypt c.bank to offer 10 bln EG pounds in repos
Egypt's central bank said it will offer 10 billion Egyptian pounds in seven-day repurchase agreements in the money market on Tuesday.
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Minister of Health announces salary increases
Minister of Health Amr Helmy announced a plan to raise the salaries of doctors and others working in the health sector.
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Egyptian sugar plant worth $400 million for Port Said
Planned all-Egyptian funded facility will be country's largest sugar refinery, producing 500,000 tonnes per annum, say reports.
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Foreigners pull Egypt stocks up
Egypt's main index gained 1.2 per cent Monday, traders said, with Egypt's benchmark index EGX 30 jumping to 4,715.56 points.
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Egypt’s Local Borrowing May Backfire on Economy: Arab Credit
Egypt’s increased reliance on local lenders to finance its budget shortfall may stifle any economic recovery.
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Local gold prices still increasing
Local gold prices are still soaring due to a global price hike, gold experts say.
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Turkey's Limak wins bid to expand Cairo airport terminal
Egypt’s government has awarded Turkish Limak, a flagship company of Limak, with a $387 m contract to expand Cairo airport’s 2nd terminal.
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Egypt stocks make 1.16 per cent gain
Egypt's stock market has closed Monday with the EGX30 main index up 1.16 per cent at 4,715 points.
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Egypt Bank shows 30 failed projects to investors
Investors union & Egyptian banks adopted to reoperate the factories that stopped working in industrial areas, el-Sayed said.
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Egypt sells 2- and 3-year bonds worth 5 bln EGP
The central bank sold 2.5 billion EGP of reopened 2-year bonds maturing on July 26, 2013 and another 2.5 billion of reopened 3-year bonds on Aug. 2.
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OCI of Egypt Heads for Biggest Gain in 3 Weeks Before Results
The shares of the Cairo-based company climbed 1.4% to 243.26 EGP at 12:18 p.m. in Cairo, poised for the biggest daily gain since Aug. 17.
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11th Sep, ELSWEDY ELECTRIC free stocks last date
ELSWEDY ELECTRIC - (SWDY) announced that it would raise its issued capital from LE 1718.6 million to LE 2234.18 million.
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Arab International Bank's ratings affirmed, remain on 'negative' outlook
Capital Intelligence announced that it has affirmed Arab International Bank's Long & Short-term Foreign Currency ratings at 'BB+' & 'B' respectively.
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Egypt destroys 4 million smuggled cigarettes
Total cigarettes destroyed amount to 32 million in total since January, worth some LE19 million.
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Egyptian rebar remains unchanged at $805 exw for second consecutive month
Egypt’s Ezz Steel has held domestic rebar prices unchanged for the second consecutive month because of weak demand, Egyptian traders told MB.
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Egypt Dairy Producers Object to Juhayna Pricing Plan, Mal Says
Egypt’s Dairy Producers Association rejected a new pricing plan by Juhayna Food Industries (JUFO), the country’s biggest packaged-milk producer.
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Consolidated Results for Second Quarter 2011 - Telecom Egypt
Results of Telecom Egypt for the second quarter of 2011. Financial statements have been prepared in accordance with Egyptian Accounting Standards.
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Egypt in Transition - Congressional Research Service
Overview of the transition underway and information on U.S. foreign aid to Egypt.
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Egyptian bourse suffers $4.5b capital loss after US downgrade
Market capital for the stock exchange declined by 7% to 357.3 billion EGP at the end of August from 384 billion EGP in the beginning of the month.
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Egypt government to partner with private sector in construction of new cement plant
Opening up strategic national industry to the private sector, the Egyptian gov. will seek a partnership in building a new cement factory next year.
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Deputy PM acknowledges existence of fuel crisis
The shortage of gasoline and diesel is a big problem, Deputy Prime Minister Hazem al-Beblawy told Al-Masry Al-Youm on Sunday.
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Tourism investments expected to reach 6.6 billion EGP
The number of tourists visiting Egypt rose 14.3 percent and tourism revenue rose 15.6 percent during the first half of the 2010-2011 fiscal year.
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The launch of the Egyptian carpooling innovation: Wadeeny
Two young entrepreneurs aim to prove that Egyptians can carpool, and are determined to offer the safest rides around town.
