Latest news
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Egypt's Citadel raises $73.5 mln in rights issue
Egyptian private equity firm Citadel Capital said on Wednesday it raised 438 million EGP in a rights issue that was 41.72 percent subscribed.
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Rumors of hostile takeover of Telekom Austria by Egypt’s Orascom
Telekom Austria’s senior management is concerned about a sudden and achievable hostile acquisition attempt from Egypt.
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GfK invests in Egypt and Japan
GfK has increased its stake in its Japanese joint venture and fully acquired the assets of mystery shopping firm Nippon Media and GfK Egypt.
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Google Holds Start-Up Contest in Egypt
Google is supporting start-ups in Egypt to lay the groundwork for a tech revolution that may usher in the next stage of the country's democracy.
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Helping hand for businesses in Egypt
Entrepreneurial interest is heating up in Egypt, and more people are looking to start new businesses.
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Minister of Manpower: Egypt is on the brink of bankruptcy
“Egypt is currently passing through a critical period and on the brink of bankruptcy,” said Minister of Manpower and Immigration Ahmed al-Borai.
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Microsoft recognizes schools for innovation in teaching
Futures Tech in Egypt where school leaders have committed to fill the country’s skills gap.
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Water reaches Egypt Saint Katherine
Khaled Fouda launched a water pipeline to Saint Katherine, the first time in history that Nile water has reached this Red Sea city.
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Jordan expects Egypt gas supply to resume in two weeks, says minister
Egyptian authorities said that supplying Jordan with natural gas could resume within two weeks, Khalid Touqan announced Wednesday.
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Egypt stocks gain, slip back into red
Egyptian stocks have slipped back into the red after an hour of modest gains.
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Egypt's Industry Minister attends D-8 meeting in Turkey
The meeting will focus on industrial cooperation among the eight developing countries, particularly car industry, steel, petrochemicals and energy.
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Egypt says considering IMF package
Egypt is considering the IMF financing it previously turned down and is still in talks with Gulf Arab states for funds of close to $7 billion.
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Egyptian tobacco firm Eastern approves dividend
Egypt's cigarette monopoly Eastern Company said on Wednesday its shareholders approved a 6 EGP ($1) share dividend for its 2010-2011 profit.
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Egyptian Women Pursue Higher Education, but Few Enter Workforce
Grateful for gender equality when it comes to education, some say women should pursue careers after attaining their degrees.
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Talaat Raised to ‘Outperform’ at Credit Suisse; Sodic Lowered
TMG was raised to “outperform” from “neutral” at Credit Suisse Group, citing “relatively strong sales in the second half and attractive valuation.”
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Passion is Mohamed Tohami's Keyword
"Egypt Business Directory is a brilliant initiative to leverage the business network in Egypt by being up to date on the latest news" Tohami said.
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Suez Cement appoints managing director
Suez Cement (SUCEq.L), Egypt's biggest listed cement maker, said on Wednesday it had appointed Bruno Carre as managing director.
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Centamin Egypt opening London office
Centamin Egypt has appointed Chris Aujard as UK company secretary & general counsel and Katharine Sutton as head of investor relations.
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Egypt could resume purchases of Ukrainian wheat
Representatives of the General Authority for Supply Commodities of Egypt have said that the country could resume supplies of wheat from Ukraine.
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Egypt sees foreign reserves dip in August
The country's net foreign reserves fell from $25.01bn at the end of August to $24.01bn last month.