News
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Egypt sells 5.5 bln Eg pounds in T-bills
Egypt's central bank sold 5.5 bn EGP in domestic treasury bills on Thursday, the same amount it had offered, the Ministry of Finance said.
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Egypt's stock market loses 1.19 billion EGP on Thursday
Egypt's stock market lost 1.19 bn EGP on Thursday December 8 as its indexes strongly declined on the first day of PM Kamal el-Ganzouri government.
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UAE energy minister says investments in Egypt to continue
The United Arab Emirates will continue to invest in Egypt, especially in petroleum and renewable energy, UAE Energy Minister said.
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Egyptian Stocks: National Societe Generale, El Sewedy Electric
Egypt’s benchmark EGX 30 Index dropped 0.9 percent to 3,957.32 at 11:35 a.m. in Cairo, heading for the lowest close in two weeks.
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Egypt considers international rice tenders
Egypt's main gov. grain buyer said on Thursday it would issue int'l tenders to buy rice if local producers continue stocking up on the commodity.
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Egypt: Govt Urges Stronger Partnership Between Developed, Developing Countries
Egypt on Wednesday 7/12/2011 called for boosting the development partnership between the world's developed and developing countries.
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Moody’s third downgrade of Egypt’s sovereign risk rating spooks investors
At the end of October Moody’s Investor Services downgraded Egypt’s sovereign risk rating for the third time this year.
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Tourism Ministry calls for dialogue with Salafis
Islamist successes in the first phase of the parliamentary elections have raised fears among those working in tourism.
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Orascom Telecom starts transferring some assets within split procedures
Orascom sent a release to EGX stating that it is about to transfer some of its assets through sell & buy transactions in the main & OTC markets.
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First Islamic credit card in Egypt will launch in 2012
Baraka Bank in Egypt will launch an Islamic Credit Card product for the first time in Egypt in the second quarter of the next year.
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Luxury Hotel in Cairo, Egypt Wins Big in 2011
During 2011 the magnificent JW Marriott Hotel Cairo has once again proven itself as a leader in the hospitality industry.
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How Google Is Trying to Grow Egypt’s Tech Industry
"Egyptians need help, and I’m a firm believer that technology can change Egypt — its economic landscape", Wael Fakharany said.
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Developing countries to receive $350 bln in remittances: World Bank
Egypt and Lebanon will each collect $8 billion in remittances this year.
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Egypt joins other countries in fight against UK flight tax
Egypt’s national tourist board joined 50 other agencies to send a petition to the British gov. regarding its plans to increase air passenger duty.
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Market Report: Egypt stocks slip 0.8 per cent on appointment of new police chief
Midday announcement of a controversial minister prompts a dip for the troubled Bourse as foreign investors shift position on major stocks.
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Egypt’s State-Owned Banks Slash T-Bill Holdings 17% in September
Egypt’s state-owned banks cut their holdings of Treasury bills by 17 percent in September, the biggest decline this year.
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Poland looking to increase economic ties with Egypt
Michal Mierzwa would like to see Egypt's share in Poland's global trade grow from 0.2 percent to at least 1 percent over the next four years.
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Egypt's deficit eases to 3.3 per cent on foreign assistance
Gulf aid helps an upsurge in state revenues leading to a drop in the country's deficit for the first quarter of the 2011/12 financial year.
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Egypt pound nears 7-year low as T-bills mature
The Egyptian pound weakened to its lowest in almost 7 years against the dollar on Wednesday as treasury bills matured.
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Burger Fuel wants bite of Middle East dining market
“We’ve also sold a licence to Egypt and we will open in Cairo in the second quarter of 2012, Mason said.