News
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Egypt's Amer group post disappointing results
Slower deliveries of units caused revenues to drop on a quarterly and annual basis.
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Egypt stock market pares early losses as bargain hunters step in
EGX30 index dropped more than 1.8% early in Wednesday’s session, but rebounded to a 0.12% decline by 11:30 a.m., at 3,672 points.
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Egyptian economy continues to pay the price
Current social upheaval in Egypt may send the country’s currency on a downward trend resulting in a sharp depreciation in the coming few months.
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Talaat Moustafa Bucks Index Drop as Court Rules on Madinaty
Talaat Moustafa Group Holding advanced for the first time in three days after a court ruled it can keep its biggest land asset.
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Egypt: Helwan Export ups quality and volume
Helwan Export is one of the largest export companies in Egypt specializing in exporting fresh fruit and vegetables to most European countries.
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Unrest sends Egypt pound to weakest since Jan 2005
Egypt's pound fell to its weakest against the dollar since January 2005 on Tuesday.
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Gulf bourses tremble as Egypt halts stock trading
In Cairo, trading was halted on the Egyptian stock exchange after its broader index plunged over 5 percent Tuesday.
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Egyptian Government assures supply of food, but not petroleum, available
Sufficient food is available in Egypt for the remainder of the transition period, said Fathy Abdel Aziz.
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Egyptian businessman proposes global wealth tax
Hassan Heikal, chief executive of EFG Hermes, calls for a one-off tax to save capitalism and generate $5,000 billion.
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Egypt's telecoms authority unveils national broadband plan to start mid-2012
Plan dubbed eMisr will involve $2.4 billion of investments and aims to provide 22 per cent of Egyptian households with broadband in next three years.
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Trading suspended on Egyptian exchange after plunge linked to protests
Egypt’s stock exchange says trading has been temporarily suspended amid an escalating political crisis and after the broader EGX100 index slumped 5%.
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Egyptian Stocks: Amer Group and Talaat Moustafa Group
Egypt’s benchmark EGX 30 Index (EGX30) dropped 4.8 percent to 3,676.73 at the 2:30 p.m. close in Cairo, the lowest level since March 2009.
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Four major tourist markets cancel Egypt flight bookings
Travel agencies in four major markets for tourists have stopped booking flights to Egypt, an Egyptian tourism official said Tuesday.
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Egypt court rules Talaat Mostafa land contract valid
An Egyptian court ruled on Tuesday that the Talaat Mostafa Group(TMG) land contract for its Madinaty project was valid, the firm's lawyer said.
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Egypt's IMF bid may fail to stir investors
Egypt's decision to seek $3 billion (Dh11.01 billion) from the International Monetary Fund may fail to win the confidence of bond investors.
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GM joint venture to assemble China-made autos in Egypt
SAIC-GM-Wuling, a General Motors Co. joint venture, plans to assemble autos in Egypt from kits made in China.
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Egypt’s markets: worse and worse
Egypt’s headline EGX index fell 1.3 per cent in early morning trading, dropping to its lowest point since March 2009.
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Egypt's stock market loses 10.05 billion EGP
Unrest in Egypt has lead the stock market to losses amounting to 10.05 billion EGP of its capital on Monday.
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Ramsis Station: A five-star railway station
The renovation and restoration project at Ramses Station is nearing completion.
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Egypt unrest may hasten currency crisis
Violent unrest in Egypt threatens to accelerate the country’s slide toward a currency crisis, forcing a sharp depreciation of the Egyptian pound.