News
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Police thwart bank robbery in Sharm El-Sheikh
Security forces foil yet another attempted armed robbery at Credit Agricole branch in Sharm El-Sheikh's upscale Naema Bay area.
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Egypt's Suez Canal revenue up 7 pct in year to Jan
Revenue rose to $445.8 million in January 2012 from $416.6 million in January 2011.
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Egypt Top Islamist Group May Vote Against $3.2 Billion IMF Loan
PM Kamal El-Ganzouri’s Cabinet “must present proof” that foreign borrowing is necessary, or Freedom and Justice will vote against the loan.
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Salafi MPs demand media censorship
The Nour Party had accused the media of attempting to tarnish its image during parliamentary elections.
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Egypt Air: recovery coming from regional and transfer traffic
Egypt Air CEO Captain Hossam Kamal Abo ElKheir hopes that 2012 will be a year of stabilization and even a year of growth.
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Emerging markets most 'resilient' in economic crisis, says Agility
Egypt, as well as Libya, made it to the top 20 list of major logistics markets for the future, according to a report released by Agility.
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Sea Dragon, Dana Gas eye Kom Ombo drilling
First up is the West Al Baraka-2 exploratory well 9 km southwest of Al Baraka oil field, to be followed by the Al Baraka-16 development well.
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CIVETS Watch: US Dollar Is Popular in Egypt, but US Is Not
It seems that dollars are prized, and even hoarded, throughout the countries that have experienced Arab Spring uprisings.
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Calls grow in Congress to reconsider Egypt aid
On Monday, Sen. Ben Cardin (D-Md.) said the United States should “re-evaluate the status of [the] bilateral relationship” with Egypt.
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Egypt accuses NGOs of meddling in politics
The judge said December raids on 17 NGO offices as part of a probe into illegal funding had been conducted "according to the law."
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Egypt donors say they want IMF accord first: PM
Analysts say Egypt is in desperate need of international support to avert a financial crisis caused by a year of economic and political turmoil.
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Call for general strike bares Egypt's fault lines
A general strike would see train traffic halted, no transportation, and no work in factories, institutes or universities.
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Egypt's market up; Dubai's Emaar at 6-month high
The benchmark advanced 2.7 percent to 4,709 points, just shy of a year-high close of 4,713 points earlier this month.
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Egypt foreign reserves fall, add to pressure on pound
Political and economic turmoil has worsened unemployment, widened Egypt's budget and balance of payments deficits, and drained its foreign reserves.
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Mövenpick reveals global growth plan
The new hotels are in France, Egypt, Tunisia, Morocco, China, Indonesia, Malaysia, Bangladesh and Thailand.
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Egypt sets March deadline for mobile phone number changes
Mobile users must update their devices to 11-digit numbers prior to 23 March deadline or they won't be able to make calls.
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Thomas Cook posts loss, mulls Indian stake sale
The political turmoil in North Africa, esp. Egypt, led to a 4% fall in UK winter sales at Thomas Cook, expecting it to continue for another 6 months.
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Global consumer confidence increases 1 point in Q4 2011
"Hopes and fears among Egyptians will prevail in 2012 as elections for a new civilian president will be in June 2012," Nielsen Egypt explained.
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Are Companies' International Earnings Forecasts Accurate?
Markets haven been growing - perhaps surprising considering Egypt's political upheaval, Hungary's debt levels and Turkey's double digit inflation.
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SEACOM downtime woes continue
SEACOM’s problems with downtime continue with another outage today.