News
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Egypt's fiscal crisis puts pressure on army
Economic slide may force ruling Military Council to hand over some powers to civilian rulers before June election.
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Egypt's Sewedy 9M net profit drops 24 pct
Net profit of ElSewedy Electric fell to 528.3 million Egyptian pounds ($88 million) from 698.1 million pounds in the same period of 2010.
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Egypt labour demand falls 54% in October
Total labour demand slumps last month on back of severe decline in advertised private-sector employment opportunities.
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No blank checks for Egypt's military
U.S. military aid to Egypt should be conditioned on the holding of free and fair elections and an end of the abuse of emergency rule.
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Egypt's Ganzouri says will not hold finance portfolio
"I will appoint a finance minister, because I can't take on such responsibility at this time," Ganzouri told reporters.
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Egyptian corruption still riding high: watchdog
New ratings from Transparency International show perceptions of corruption in Egypt have changed little since January's revolution.
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Investors remain wary of Egypt's stock market
Lots of investors are waiting for a devaluation, but that type of thing happens all the time.
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Egypt economy woes could lead to a review of subsidies
The central bank put reserves at $22 billion at the end of October, down $2 billion from a month earlier and showing a faster fall.
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Egypt stocks up 1.3 per cent an hour before closing
Egypt's parliamentary elections went ahead relatively smoothly, helping the Bourse regain a previous full week of losses.
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Islamists see Egypt poll gains, economy totters
The economic crunch has forced the Egyptian pound to its lowest level in nearly seven years after tourism and foreign investment collapsed.
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Record number of students for the University of Cairo
More than 30 students will attend the courses broken down into 3 intensive curriculum blocks until July 2012.
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Egypt stocks extend gains after elections
EGX30 index was up about 1.25 percent, climbing to 4,070 points, and gaining for the third consecutive day.
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Egypt's Suez Canal says to raise fees 3 pct in 2012
Tariffs had not been changed for the previous three years, but the 3 percent raise will affect all vessels passing through the Suez Canal next year.
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CIB Heads for Highest in Two Weeks After Hiring Central Banker
Shares of the Cairo-based bank, also known as CIB, rose 3.4 percent to 24.05 Egyptian pounds, after hiring Hisham Ramez, ex-deputy governor of CB.
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Egypt not happy to halt trade relations with Syria
Egypt exports goods worth some US$2 billion per year to Syria, and imports from Syria amount to about US$700 million annually.
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Ramez to Join Commercial International Bank as Vice Chairman
Hisham Ramez will head the institutional and consumer businesses at Egypt’s biggest publicly traded bank CIB.
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Egypt mobile phone Aug subscriptions up 28 pct
In July the number of mobile phone subscriptions was 77.76 million, & in August, Vodafone, Mobinil and Etisalat reached 78.99 million subscriptions.
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Egypt raises $1.5bn at yields below estimates
The government sold the notes at an average yield of 3.87%, or 376 basis points over similar-maturity US government securities.
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Twitter's Security Startup Acquisition Increases Danger For Egyptian Activists
Twitter pulled one of the only available encryption software suites for Android phone calls and SMS text messages off the market.
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Business leaders ponder effects of Islamist parliament
Despite the Muslim Brotherhood's support of a free market economy, their expected success in parliamentary polls has the business sector on its toes.