News
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Egypt foreign reserves declining
The total reserves of the foreign exchange in the Central Bank of Egypt declined from U.S. $33.3 billion last February to U.S. $25.7 billion in July.
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Row over thorny fuel subsidies in Egypt
Ongoing discussion about a governmental plan to cut subsidies on fuel used for industrial purposes has caused panic in industrial circles.
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African Union secures US$ 380 million from Pledging Conference
Egypt pledged 30 million Egyptian pounds (about US$ 6 million) in kind.
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Wheat Trims Weekly Gain as Egypt Favors Russian Grain Over U.S.
Egypt's General Authority for Supply Commodities bought 300,000 metric tons of Russian and Romanian wheat at a tender yesterday.
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Egypt and Brazil analyse sustainability of jet fuel sourced from sugar cane
Food Industries Holding Egypt agreed in principle with state-run petrochemical companies to launch a project for producing plane fuel.
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Government plans to turn Suez Canal into an international logistics center
A draft law will soon be issued authorizing a major project for the conversion of the Suez Canal into an international logistics center.
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SODIC to buy back 1 m treasury shares
SODIC sent a statement to Egyptian Stock Exchange announcing that it will buy back 1 million treasury shares at L.E 18.
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New meat price controls
Price regulations have been imposed on meat, according to the Ministry of Finance’s website.
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Egypt Misses 1-Year T-Bill Goal for 3rd Week as Yields Rise
Egypt missed its fund-raising target for one-year treasury bills for the 3rd week as the average yield on the securities rose.
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Market Report: Egypt stocks post minor gains amid trade uncertainty
The main index edges up a further 0.25 per cent as speculative investors find ways to make trading profits in a market lacking direction.
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Jordan agrees to negotiate price revisions for Egyptian gas exports
A Petroleum Ministry official said Egypt would make an additional US$250 million in profit under the new agreement.
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Saudi economic support for Egypt stays
Arabia will not halt its economic support of Egypt, Saudi Ambassador to Egypt Ahmed Bin Abdulaziz Qattan said Tuesday.
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Health: Egypt airlifts food, medical aid to Somalia
Field Marshal Mohamed Hussein Tantawy, on Wednesday ordered the immediate airlifting of food and medical aid to famine-hit Somalia.
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Libya and Egypt unrest hurts Hikma Pharmaceuticals
The Jordan-based supplier of branded and generic drugs experienced "unprecedented disruptions in several markets".
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European wheat up after Chicago rise, Egypt tender
Egypt, the world's largest wheat importer, on Thursday bought 300,000 tonnes of Russian and Romanian wheat for two shipments on October & November.
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Central Bank Of Egypt Holds Interest Rate At 8.25%
The Central Bank of Egypt held its overnight deposit rate unchanged at 8.25%, and the overnight lending rate at 9.75%.
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Egypt's Citadel Capital wins Iraq refinery deal
Citadel Capital won a contract from Iraq's government to build an oil refinery in the country with capacity of 150,000 tons per day.
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Arab, foreign stock purchases temper outweigh Egyptian sales
Arab and foreign investors’ purchases pushed Egypt’s three main stock indices towards modest gains in the opening hours of trading Thursday.
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Ambassador: Saudi Arabia will not end economic support for Egypt
Saudi Arabia will not halt its economic support of Egypt, Saudi Ambassador to Cairo Ahmed Qattan said Tuesday.
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Egypt, Germany to build medical center for crash victims
PM Essam Sharaf agreed on Thursday with a number of German medical experts to build a specialized center in Cairo to treat victims of road accidents.