News
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Opinion: There's an opportunity looming in Africa's biggest fertilizer maker
ORSCY management -- led by founding tycoon Naguib Sawaris -- talked about spinning out the fertilizer company it bought two years ago.
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Priorities for EU’s 2013 cooperation with MENA countries unveiled
Among the features of the revised policy is a partnership approach focused on supporting democracy, economic growth & job creation in Egypt.
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Egyptian Resorts swings to Q1 loss - bourse
The real estate firm made a loss of 5.5 million Egyptian pounds ($911,300) in the first three months of the year.
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Nokia accuses Apple of Siri bias over smartphone answer
Apple's voice-activated assistant Siri appeared to favour the iPhone's rival when it was asked "what is the best smartphone ever?"
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State withdraws undeveloped land from investors in Suez
Authorities sent a letter notifying the Suez Governorate that five plots allocated to businessmen will be seized by the state.
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Private equity plays role in Mideast development
Private equity firms are increasingly viewed as potential partners for governments working to rebuild their economies.
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Africa may struggle to extract groundwater, experts say
The continent has a total underground water storage capacity of 0.66 million cubic KM — more than 20 times the freshwater storage capacity of lakes.
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Money laundering skyrockets after Arab Spring
Some SFr600 million in suspicious transactions was reported last year in connection with Egypt and Tunisia and other Arab countries.
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Knife brawl over $8 food debt reveals Egyptian risks
Egypt’s worst economic slowdown in decades is testing the faith of those facing the greatest hardship as presidential elections are near.
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Egypt sells more dollar T-bills than it sought
The Ministry of Finance accepted $1.013 billion, which is some $250 million more than it had offered, the central bank said.
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SODIC’s Allegria sales hit EGP 3.5 billion
Allegria project is established on an area of ??2.8 million meter square, located in Sheikh Zayed city.
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Egypt's World Bank loan will 'lead us to hell': Islamist MPs
The road to hell is paved with development loans, Egyptian Islamists tell Parliament, saying interest payments are forbidden by religious law.
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Dubai's Ridge Capital buys Egypt asset firm Rashad
Rashad manages two funds, one for Misr Iran Bank and the other for National Bank of Egypt, and last month launched a third in Bahrain.
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Market Update: Egypt stocks close Tuesday down further 1.1 pct
Benchmark EGX30 slipped a further 1.12 per cent, as broader EGX70 went down a yet greater 1.37 per cent.
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Opinion: The rise of Islamist political economy: the new capitalists
For Fawaz A Gerges, professor at the London School of Economics, free market capitalism is the new model used by the Islamists.
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Egypt to sign $3.2 bln IMF loan by June: Momtaz El-Saeed
The Finance Minister said the first part of the loan could be released around July 1, the start of fiscal year 2012-2013.
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Egypt to resume offering Rod El Farag highway project next month
The EGP 4 billion project was first approved in 2010 but put on hold after the January Revolution in 2011.
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Egypt's Palm Hills shrinks Q1 net loss
The luxury real estate developer had posted a net loss of 36.2 million pounds in the same period a year earlier.
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Egypt's politics move ahead, economy lags behind
One of the main forces behind last year's uprising - economic discontent - has yet to be eased, while political change is on its way.
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Egypt's GB Auto quarterly net profit rises 61 pct
GB Auto said net profit rose to 18.58 million Egyptian pounds ($3.08 million), compared with 11.53 million pounds in the same period a year earlier.