Latest news
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Egypt Says Quarterly Balance of Payments Deficit $2.4 Billion
Egypt’s balance of payments in the first quarter of the fiscal year which started in July recorded a $2.4 billion deficit.
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Market Update: Egypt’s main index closes down by 2.5 pct
Egypt's main EGX30 index closed Tuesday with a 2.5 per cent tumble, recording 2,706.30 points; a low total turnover of LE 183.3m.
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Egyptian Pound Gains After Orascom’s Plan to Sell $300 Million
The Egyptian pound gained after Orascom Construction Industries said it will sell dollars to repay bonds in local currency.
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Egypt cbank accepts repos worth 17.92 bln Eg pounds
Egypt's central bank accepted 17.915 billion Egyptian pounds in seven-day repurchase agreements in the money market on Tuesday.
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Egypt’s economy stretches to breaking point
The housewives & breadwinners stepping out of a Cairo supermarket with bags of groceries agreed on one thing. “The prices are very high.”
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Anonymous takes down key government websites in Egypt once again
It appears that Anonymous is currently in the process of taking down as many governmental Egyptian websites as it can.
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OCI wins award for Egyptian Grand Museum
Egypt's Orascom Construction Industries (OCI) said on Tuesday it has won an $810 million contract for work on the Egyptian Grand Museum.
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Egypt Cabinet approves budget savings for 2011/12
Savings of LE20-22 billion to include maximum wage in government and public sectors, and tax rise on imported cigarettes.
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Orascom named developer for $93m Egyptian project
UAE-based developer Burooj Properties has inked a deal with Orascom to build its $93m Village Garden Katameya project in Egypt.
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Debt and turmoil take their toll on Palm Hills
The troubles at Palm Hills Developments Company are growing as Egypt's political unrest worsens, analysts have warned.
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Samsung launches Galaxy Note in Egypt
Samsung Electronics, a leader in mobile technologies, has launched the 5.3-inch HD Super Amoled display Galaxy Note smartphone in Egypt.
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Egypt bourse recovers LE 2.4b
The Egyptian Stock Exchange (ESE) recovered LE2.4 billion on Monday 19/12/2011 prompted by purchases by Arab and Egyptian investors.
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Egypt Offers $3.3 Billion in Repo Bids for Second Week
The Egyptian central bank is offering 20 billion pounds ($3.3 billion) in repurchase agreements, or repos, for the second straight week.
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Social Media: Pulse of Egypt
Social Media has quickly become the most influential factor in grass roots socio-political organizations.
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Egypt to reduce spending in bid to offset budget deficit: report
Egypt, which is facing daily riots and chaos, has announced it is going to cut back on its spending to help ease a budget deficit.
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Ganzouri seeks reclaiming 1.1 million feddans in Sinai
Prime Minister Kamal el-Ganzouri held a meeting of the ministerial committee concerned with the development of Sinai.
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iPhone 4S launches in Egypt from EGP 5,199
Mobinil is charging EGP 5,199 for the 16GB model, EGP 5,999 for the 32GB version and EGP 6,999 for the 64GB phone.
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Egypt cbank to offer 20 bln Eg pounds in repos
Egypt's central bank said it would offer 20 billion EGP in seven-day repurchase agreements in the money market on Tuesday at a fixed rate of 9.75%.
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Egyptian-Sudanese Nile Water Authority to Meet in Cairo Tuesday
The Joint Nile Water Permanent Technical Committee is to convene its meeting in Cairo during the period December 20-22 this year.
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Egypt gets $270 million support from Arab Monetary Fund
Egypt will receive US$270 million to support its budget from the Arab Monetary Fund this month.