News
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Piraeus Bank Egypt Raises Capital To EGP 1.4 Bln
The existing shareholders have the right to subscribe in 18.17 % of their quota in capital before increase.
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Divisions complicate plans for MidEast nuclear meet
The participation of all the region's states still needs to be secured, leaving it unclear when the event will be held.
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Media watchdogs decry Egypt attacks on reporters
The Paris-based Reporters Without Borders said Tuesday it recorded 32 attacks on journalists during clashes last Friday.
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Market Update: Egypt shares inch up 0.5 pct on takeovers, looming elections
Bourse shows signs of stabilising as investors look to profit from high-profile Mobinil and EFG-Hermes deals and eye imminent presidential vote.
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Arab grain imports rising rapidly
Imports to the region have jumped from 30 million tons of grain in 1990 to nearly 70 million tons in 2011.
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$8 Million to enhance Scientific Research Projects
The United States and the Government of Egypt have doubled their contributions to the Joint Science and Technology Development Fund.
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Egypt trims sale of 5-year reopened bonds, cancels 10-year
The bank sold the reopened five-year bonds at an average yield of 16.62 percent, with yields ranging from 16.55 to 16.64 percent.
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Mubarak Still Has His Billions
Authorities responsible for identifying and recovering these assets have dragged their feet, giving Mubarak's intermediaries more time.
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Egypt's Economy not the Priority for Candidates, or Voters
Economic decision-making has largely taken a backseat amidst persistent quarreling between political factions and the ruling military council.
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Samih Sawiris: ‘Everything will get back to normal’
Salah Attia talks to Samih Sawiris about Egypt's future, the economic outlook and his local and international business.
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Egypt’s Lecico Records 2% Growth in Net Profit
According to a statement on the company’s website, the increase recorded represents a 2 per cent growth compared to last year’s first quarter.
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MENA Needs $250bn For Power Sector
According to an official Arab report, nearly $148 billion will have to be invested in raising generation capacity in Middle East and Africa.
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Total calls off $6 billion Egypt project over political unrest
The called-off project would have provided 10,000 employment opportunities according to the feasibility study, 50 percent of which was completed.
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Telecom watchdog decision clears way for 4th Egyptian mobile operator
Long-awaited decision to begin tenders for a 'virtual network' could mean fresh competition for the country's established mobile phone firms.
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Mobile videogaming downloads hot in region
Demand for mobile videogames is strongest in Saudi Arabia, followed by Kuwait and Egypt, and then the UAE.
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Parliamentary committee calls for an economic boycott of Israel
Trade between Egypt and Israel has increased significantly in 2011, compared with the previous three years.
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Egypt's GASC sees bigger food purchasing bill
State budget for fiscal year 2012/13 will include a food purchasing bill exceeding the $24 billion earmarked for 2011/12.
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Egypt will need almost 50 per cent more Nile water by 2050: Experts
A future Egyptian population of 150 million will need a greater share of Africa's longest river to meet their needs, claim planning experts.
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Egypt major stocks up 1.1 pct by Monday close
Sustained interest in EFG-Hermes boosts market volume and prompts further gains for the main index.
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Ministry of Antiquities receives 80 monuments from Belgium today
Minister of Antiquities Mohamed Ibrahim said that a committee has been formed to receive the artifacts that were smuggled by an Egyptian woman.