News
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Credit Agricole Egypt 9-month net dips 25 pct
Credit Agricole Egypt said on Thursday its net profit dropped 25 percent during the first nine months of the year.
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Gold prices rise
Gold prices rose Wednesday, supported by the rise of the Euro and British pound after they fell Tuesday.
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Egyptian-British Business Council holds meetings
London will host meetings of the Egyptian-British Business Council Wednesday to draft a road map for Egypt's economic future after the Revolution.
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Egypt renovates its oldest pyramid
Egypt is doing some housekeeping at its oldest pyramid - replacing stones and cleaning the Djoser Step Pyramid in an effort to restore the site.
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Egypt ranks 113 on Human Development Index
Egypt ranked 113 out of 187 countries in the Human Development Index 2011 Report on Wednesday, slipping 12 spots from its 101 ranking in 2010.
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Egypt's Brotherhood may benefit Turkey's economic experiences
Saad al-Katatny said the party would encourage liberal economy and support development projects if it came to power.
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Banque Misr funds small enterprises by LE120 million
The injection from Egypt's second largest public bank will be utilized to finance around 24,000 small projects.
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Sharaf Opens Zweil's City for Science and Technology
Egyptian Prime Minister Essam Sharaf opens on Tuesday 1/11/2011 Zweil's City for Science and Technology in 6 of October.
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Orange may get option to increase Egypt stake
Orange may strengthen its shareholding in Mobinil if co-owner Orascom doesn't complete the spin-off of its shareholding by year-end.
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Egypt T-bill yields rise at LE 12 bln sale
Egyptian treasury bill yields climbed at a LE 12 billion auction on Wednesday ahead of a three-day bank holiday next week, the Finance Ministry said.
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Egypt's biggest public sector banks raise interest rates
National Bank of Egypt & Banque Misr raised interest rates on Certificates of deposits which might result in an upward adjustment on T-Bills & Bonds.
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EU Import Ban on Produce from Egypt Extended
EU has extended the ban on selected Egyptian seeds and beans, which was imposed following the deadly E.coli outbreaks in Europe earlier this year.
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First refunds for Serbian tourists in Egypt arrive
About 240 Serbian tourists were Tuesday expelled from their hotel rooms in the seaside resort of Hurgada, Egypt.
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Armenian-Egyptian Union of businessmen to be created
Egypt is interested in developing relations with Armenia and sees cooperation possibilities in the areas of tourism, industry and culture.
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IOM Survey Finds Egyptian Migrants Returning from Libya in Need of Assistance to Start New Life
An IOM survey on the socio-economic profile of Egyptian migrants from Libya reveals that most of them require support to restart in Egypt.
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Moody's downgrades five Egyptian banks; outlook remains negative
Moody's Investors Service has downgraded the following 5 banks: National Bank of Egypt, Banque Misr, Banque du Caire, CIB, Bank of Alexandria.
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Egypt’s Sawiris bids for Orange Switzerland
Naguib Sawiris is in discussions with partners to help finance a bid for Orange Switzerland, the France Telecom mobile-phone unit.
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Stock market loses 3.7 billion EGP due to sales by Arab and Egyptian investors
Stock market dealings ended on Tuesday with a general decline in indexes with the exception of index of medium & small companies.
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CIB: Banks have the right to question sources of donations
The CIB is committed to its slogan “Know Your Customer”, and the int'l rules on money laundering are also applicable to civil society organizations.
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Credit downgrades put Egypt economy in greater risk
Egypt’s credit ratings are expected to impact the country’s banking sector as well as the economic recovery in the political transition.