News
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Egypt domestic wood production reaches $5 bln
Despite political unrest this year, Egypt was able to post over $3 billion in furniture production and $1 billion in furniture imports.
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Naftogaz Ukrainy extracts 454,000 barrels of oil in Egypt since April 2010
National joint-stock company Naftogaz Ukrainy from April 18, 2010 to July 1, 2011 extracted 454,000 barrels of crude oil in Egypt.
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OCI awarded US$ 181 million contract in Egypt
Orascom Construction Industries has announced that it had been awarded the civil works package worth US$ 181 million.
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Egypt Stocks: El Sewedy Electric and Juhayna Food Industries
Egypt’s benchmark EGX 30 Index (EGX30) retreated for the second time in three days, losing 0.1 percent to 4,637.92 at 11:14 a.m. in Cairo.
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EGX30 erodes early gains, drifts 0.09% lower by mid-trade
Foreign and national traders were net sellers of shares worth EGP 350.068 thousand and EGP 1.84 million respectively.
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Telecom Egypt sees customer base grow on new DLD rate
TE had 9 million customers at the end of June, a 4.3 percent drop from the previous year.
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Romania exports 60,000 tons of wheat to Egypt
According to Egypt’s General Authority for Supply Commodities (GASC), it has bought 60,000 tons of Romanian wheat from Ameropa company at $278/tone.
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UAE, Saudi Arabia Egypt's major Arab trading partners
The Asian emerging country partners rank third as Egypt's most important trading partners after the EU and the United States.
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EU Sends Team to Test Egyptian Seeds
Egypt is now allowing EU representatives into the country to search for hard evidence of contamination - or lack thereof.
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Egypt's Sewedy H1 net profit drops 34 pct
Egypt's El Sewedy Electric , the Arab world's biggest listed cable maker, posted a 34 percent drop in first-half net profit.
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Egypt ready for talks on Nile water sharing
Dr Magdy Hefny, said yesterday here that trading blame on the use of the river’s water would not solve the problem.
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Jumblatt: Money needed for Egypt development
Progressive Socialist Party leader MP Walid Jumblatt called on wealthy Arab states Monday to provide financial aid to Egypt.
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Egypt central bank to offer LE 9 bln in repos
Egypt's central bank said it will offer LE 9 billion ($1.506 billion) in six-day repurchase agreements in the money market on Tuesday.
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Market Report: Egypt stocks gain as foreigners buy on Gaddafi's fall
The EGX30 benchmark index makes a slight recovery from its recent battering, climbing 1.06 per cent as investors target key industry players.
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Notable increase in Egyptian exports to Lebanon
Egyptian exports to Lebanon witnessed a notable increase during the first half of 2011, recording U.S. $401 million.
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Egyptian bourse mulls launching EGX 20 Index
The Egyptian Exchange (EGX) is considering the launch of a new gauge to measure the performance of the 20 most active companies.
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Egyptian Iron & Steel losses increase
Egyptian Iron & Steel sent a statement to Egyptian Stock Exchange stating that its BOD approved financial statements over period ended on 30.6.2011.
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Egypt sells 3-year bonds worth 2 bln EGP
Egypt's central bank said on Monday it sold three-year bonds worth 2 billion Egyptian pounds ($335 million).
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Egypt Central Bank denies drop in foreign reserves
Egypt's Central Bank has denied a report carried by the MENA news agency that the foreign exchange reserves of the country had dropped to $24.9 b.
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Egyptian government bans export of palm leaves to Israel
Egypt’s Agriculture Ministry has announced a ban on the export of palm leaves to Israel starting this year and for the coming two years.