News
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Standard Chartered Bank boosts services in Africa
Standard Chartered indicated that it is stepping up its efforts in the small and medium-sized enterprises.
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Egypt mobile phone June subscriptions up 30 pct
In June 2010, Egypt's three mobile operators -- Etisalat Egypt , Mobinil and Vodafone's unit in Egypt -- had 58.972 million subscriptions.
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Ebda2 with Google empowers Egyptian entrepreneurs
Ebda2 with Google will seek to find the country's most talented Egyptian entrepreneurs and award them with 1.2 million EGP in seed capital.
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Analysis: Lack of economic policy deters local, foreign investment
CI-Capital board Member Helal: "The biggest challenge this government has is creating productive jobs, otherwise we'll have a massive explosion."
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Egypt's labor movement blooms in Arab Spring
The fact that such a diverse wave of strikes is happening at all speaks to just how much Egypt has already changed since the Mubarak years.
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Mashreq Egypt launches five-year Certificate of Deposit
Fixed interest rates of 10.35% per annum to be paid annually, 10.30% semi annually, 10.25% quarterly and 10.10% monthly.
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Teachers suspend strike for one week pending ministry response
Thousands of teachers protested outside the Cabinet building Saturday calling on the Minister of Education to step down.
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CIB tower angers Zamalek residents, experts and officials
The builders have disregarded cultural heritage preservation laws as well as locals' complaints.
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Egypt's Alcotexa sold 2,490t of cotton last week
The sales comprised 480 tonnes of Giza 88 and 2010 tonnes of Giza 86.
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Editorial: It's the economy, first
The latest optimistic reports show Egypt's economy growing at 1.5 percent in 2011, down from around 5.1 percent in 2010.
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Market Report: Egypt stocks fall hard on global pressures
Main index plummets to a 30-month low, slipping a further 2.35 per cent as tumbling US and European stocks add to local pressures.
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Egypt 9-Month Yield Drops as Country Pitches Debt to Arabs
The Arab country raised its targeted 6.5 billion Egyptian pounds from the sale of three-month and nine- month securities at an auction.
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Finance minister: Subsidies are Egypt's greatest enemy
Energy subsidies boost the revenues of entrepreneurs rather than benefit consumers.
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Egypt to borrow $2.5 billion from Islamic bank and sell treasury bills to Arab governments
A limited World Bank loan is also on the table, as the country's finance head visits Washington for annual meetings of global bodies.
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Saudi supports Arab Spring countries – official
The Douville summit allocated $38 billion to Egypt, Libya and Tunisia.
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Citadel Capital to invest $234m in African rail venture
The investment consists of $234m in new debt and equity to fund a five-year investment in RVR.
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Egypt Stocks: Maridive & Oil Services, Misr Beni Suef Cement
MOIL dropped 7.8 percent to $2.02, the lowest intraday level since February 2009 & MBSC declined 3.2 percent to 60 pounds.
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Egypt’s banking sector faces difficulties
The Central Bank of Egypt (CBE) has played an active role in mitigating the effects of the political turmoil in early 2011 on the banking system.
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Egypt's South Valley Cement to buy back 2 million shares
Company buyback is aimed at supporting its share price which has closely tracked the Bourse's performance over the last six months.
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First Airbus Military C295 of a three-aircraft order delivered to Egyptian air force
Egyptian military authorities chose the C295 for its adaptability to desert areas of operation, its maintenance and life cycle costs.