News
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Egypt's Nasr City beats downturn with mid-income homes
Nasr City Housing has been awaiting government approval to start work on some of the best land it owns.
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Egypt's Ezz Steel reduces November prices by LE300 per ton
Country's major steel producer cuts price by 6 per cent as global economic turmoil continues to take its toll on commodities.
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Siemens names ten finalists at student award 2011
After 630 answers to “How can you build sustainable cities in the desert?”, Siemens chose its Student Awards Winners from the UAE, Egypt etc.
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25 fastest growing economies
KSA and Egypt are both included among the four African countries in the 25 rapid growth markets in the Ernst and Young Report.
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Oriental Weavers start expansion into CIS
The world's biggest machine-woven carpets maker is expected to expand to the Commonwealth of Independent States (formerly USSR).
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Maersk's drilling unit signs $780 mln deal with BP
Maersk Drilling says contract includes 1 yr option and the contract with British Petroleum is expected to begin in Q2 next year.
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Egypt’s Orascom sees largest daily gain in over a week
The Cairo-based company saw their shares increase by 1.6 percent, placing each share at 3.23 Egyptian pounds.
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Egypt central bank to ask for LE5 billion in repurchase agreements
Last week it asked for repos worth LE7 billion and accepted LE6.23 million, the entire amount that was offered.
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Egypt's Oriental Weavers sees 5-6 percent profit growth in 2012
The firm also expects improvement in its second-half profits over the first half of 2011 as raw material costs have declined.
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Experts debate economic repercussions of Egypt's transition
Moving to a transparent & accountable government reaps attractive economic growth, maintained by equality, government accountability & social reform.
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Egypt-Libya: Fake employment contracts in Libya
Egyptian foreign ministry warns of fake employment contracts in Libya.
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Vodafone Egypt starts ADSL promotion
Customers who sign up a friend for the service will save 50 percent on a subscription for one year.
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Haifa Wahby's Husband Monopolizes The Iron Market In Egypt
Ahmad Abu Hashima is said to have dominated over the iron production in the whole country right after Ahmed Ezz.
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Egypt to discuss funding from IMF, others-minister
Consultancy firm Geopolicity said in a report that Egypt's uprising had cost the economy $9.97 billion up to September.
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Market Report: Egypt high-cap activity nudges index into green
Bourse finishes up 0.3 per cent on the performances of just three heavyweight stocks as uncertainty grips the rest of the market.
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Egypt industry looks beyond turmoil to growth: Industry body
Legal challenges to state land sales and privatizations had left investors nervous and the number of factories and warehouses being built has halved.
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World Bank - Egypt Jumps Two Places in "Doing Business" Report
Egypt jumped from 110 to 108 in the International Finance Corporation and World Bank report.
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Circle Oil encouraged by drilling in Egypt
Circle Oil, the international oil and gas exploration, development and production company, has been positive about oil in Egypt since September.
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Egypt: Water challenges forcing a rethink on usage
“Egyptians have to adapt to less water every day,” said Rida Al Damak, water expert from Cairo University, since a lot of water just "leaks away".
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Orascom Telecom Holding Advances After Shareholders OK Split
Shares of the Cairo-based company increased 1.6 percent to 3.23 Egyptian pounds, poised for the biggest daily gain since Oct. 13.