News
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Egypt Natural-Gas Reserves Increase by 122 Billion Cubic Feet
Twenty-seven exploratory wells were drilled in the Western Desert in the fiscal year that ended June 30.
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Egypt to award 12 new cement licenses in October
The Industrial Development Authority said that it aims to offer 18 million tonnes of cement annually, 1.5 million tonnes per licence.
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Egypt and Kazakhstan to be added to the Dow Jones FEAS Index universe.
EGX and Kazakhstan's KASE will be added to the Dow Jones FEAS Index universe, effective after the close of trading on September 16, 2011.
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Supercomputer predicts revolution
A study, based on millions of articles, charted deteriorating national sentiment ahead of the recent revolutions in Libya and Egypt.
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Egypt’s famous antique shops suffer
Dealers say they can go for days without seeing even a buyer.
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UAE retail sales set to climb by year-end
Landmark Group has massive expansion plans in the MENA region with a focus on Lebanon, Egypt and Syria.
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Young doctors start part-time strike
Health Minister Amr Helmy pledged to raise doctors' wages in the near future and promised to discuss the rest of their demands.
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University professors consider strike action over academic elections crisis
The political significance of Egypt's public universities' premises was a well-known factor for consideration during Mubarak's regime.
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‘No profits, no incentive payments’
Many labour strikes taking place, some demanding to obtain the two-month incentive grant first offered to the workers last year.
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Egypt BoP deficit at US$9.2 bln in FY 2011
The current account deficit narrowed 35.9 percent to $2.8 billion during the year.
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Exxon Mobil Egypt launches the Seven Habits of Highly Effective People training program for its cust
ExxonMobil Egypt, a global leader in lubricants manufacturing, launched a training program to improve Egyptian industry productivity.
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Editorial: Do we really need US aid?
This question might seem silly at a time when Egypt is suffering from chronic economic problems and is sorely in need of financial assistance.
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Egyptian Inflation Slowed to 8.5% in August as Food-Price Increases Eased
Food and beverage costs, the biggest component in the consumer price index, increased an annual 12.2 percent, from 16.7 percent a month earlier.
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G8 to extend Arab Spring financing pledge to $38 bln
The financing should support reform efforts in the wake of the Arab Spring uprisings.
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Egypt set for loans from Saudi Arabia, UAE soon
Hazem El-Beblawi has added that another $500m should come from the Arab Monetary Fund.
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Egypt's Suez Canal August Revenue $472.9 mln
Suez Canal Revenues are up 5.3 percent from a month earlier, a government portal showed on Saturday.
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Electrolux completes Olympic Group acquisition
Electrolux now owns 98.33% of Olympic Group's shares and intends to offer the remaining minority shareholders the opportunity to sell their shares.
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Tourism officials blast Egypt's new visa restrictions
Two tourism officials have criticized the new government's policy of halting issuing visas for foreign travelers into Egypt.
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U.S. firm makes major oil discovery in Egypt's Western Desert, near Libya
Apache Corp. reported two oil discoveries in Egypt's Western Desert near the border with Libya.
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Egyptians make up 75% of stock transactions
Egyptian investors made up 74.5% of transactions this week, Non-Arab foreigners made up 19.21% of transactions, and Arabs made 6.29% of trades.