Latest news
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Malaysia seeks trade opportunities in Egypt
To bolster trade opportunities between Egyptian & Malaysian partners in the field of palm oil, a seminar was held on palm oil last Thursday.
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Egypt's Torah and Helwan cement workers threaten strike if demands go unmet
Workers of Helwan Cement and Torah Cement protested Saturday in front of the Cabinet headquarters.
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Egypt foreign exchange reserves down $10b
Egypt's official foreign exchange reserves fell nearly $10 billion in the first six months of the year from $36 bn to about $26 bn at present.
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RWE Dea Discovers Gas in North El Amriya Concession
RWE Dea Egypt made a gas discovery in its own operated North El Amriya concession. The successful testing of the reservoir opens chances.
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Revolution hits Egypt’s telecom sector: report
A new report details the damage done by Egyptian revolution the Egyptian telecoms sector, the Press Trust of India reported Tuesday.
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CI Capital cuts Mobinil’s fair value to EGP 121, assigns “Underweight”
CI Capital Research (CICR) reduced the fair price of the Egyptian Company for Mobile Services (Mobinil) by 14% to EGP121.
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Competition muscles Orascom Telecom in Burundi
Econet Burundi's mobile phone subscribers rose by 140 per cent to 600,000 in July year-on-year, the operator said.
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Egyptian stocks slip on non-Arab selling
For the third day in a row, Egypt's main index was in the red on Thursday on non-Arab selling, traders said.
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Citadel Capital invites shareholders to EGM on August 3
Citadel Capital’s Board of Directors invites the Firm’s shareholders to attend the Extraordinary General Meeting on Wednesday 3 August 2011.
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Rift Valley Railways Investments Turns a Corner Ahead of Major Loan Signing
Rift Valley Railways Investments (RVRI) of Kenya-Uganda has reported US$ 674,000 in EBITDA for the month of June 2011.
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IMF loans would lead to subordination, says expert
Economic expert Mustafa Al-Nasharty disagreed with Egypt’s new finance minister, Al-Beblawy, who said he has not ruled out borrowing money from IMF.
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Elsewedy expected to benefit from abroad
Egypt's Elsewedy Electric is expected to benefit from improving demand in Saudi Arabia and Qatar's construction sector, AlembicHC said yesterday.
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Egypt Keeps Benchmark Interest Rate Unchanged to Help Economic Growth
Egypt’s central bank kept its benchmark interest rate at the lowest level in more than four years with the aim of helping the economy.
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HSBC sets GB Auto’s target price at EGP 24
HSBC Bank defined the price estimate of automobile manufacturer GB Auto at EGP 24.
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Egyptian International Tourism Projects H1/2011 profits dip to LE 54 m
EITP reported standalone financial results posting a net profits of LE 54,758,656 for the period from 01/01/2011 till 30/06/2011.
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Egyptians using Twitter to raise money
Twitter is a force in Egypt & local activists hope it will be a way of raising money for a charity to support popular development projects.
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Egypt's Fawry helps MasterCard launch electronic bill-paying services
MasterCard Worldwide in Egypt has teamed up with Fawry to allow cardholders to pay bills and top-up mobiles via Fawry’s retail network.
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Negotiations stall surrounding US aid to Egypt
Ongoing negotiations surrounding President Obama’s recently pledged US$2 billion aid to Egypt suffer from disagreements between Cairo and Washington.
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Egypt’s first bond sale since uprising may cushion debt costs
Next week’s sale is the first of planned auctions for a combined 22 b pounds in 2-year fixed-rate, 2 year floating-rate & 3 year bonds this quarter.
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Emirati delegation studies projects given by the GAFI in Egypt
Egypt’s General Authority for Investment and Free Zones (GAFI) will offer a presentation of small- and mid-level projects to an Emirati delegation.