News
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Egypt's benchmark stock index pares early losses accrued in wake of deadly soccer violence
Egypt's benchmark stock index fell plunged within minutes of the start of trade Thursday as deadly soccer riots the night before left 74 dead.
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Egypt: Abul-Naga - $70 Million to Prop Up Private Sector Enterprises
Egypt and the IFC approved that the corporation would provide approximately $ 70 million to prop up private sector enterprises.
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Egypt’s 2020 Dollar Bond Yield Rises One Basis Point to 6.99%
The yield on Egypt’s 5.75% dollar bonds due in 2020 advanced one basis point, or 0.01 of a percentage point, to 6.99% at 10:18 a.m. in Cairo.
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Finance Minister: EU to aid Egypt with $650 million
Finance Minister Momtaz al-Saeed unveiled on Wednesday 1/2/2012 that the European Union (EU) is preparing a 650-million-dollar financial aid package.
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OCI Files with EFSA to Approve EGM Notice
OCI Files with the Egyptian Financial Supervisory Authority (EFSA) to Approve EGM Notice for Demerger.
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Egypt foreign-currency bank deposits advanced 15 % last year
Egypt’s foreign-currency bank deposits climbed 15 percent in 2011 as customers sought the safety of dollars after a popular uprising.
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Political progress boosts Egypt bourse
A month of peaceful political developments led to cautious optimism in Egypt this Jan., helping the stock market become the best so far this year.
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Egypt ETF Rallies 30% to Start 2012
Egyptian equities and the related stock exchange traded fund have vaulted 30% so far this year.
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Egypt to sell land to citizens abroad to get cash
Egypt's cash-strapped government has approved a plan to raise $3 billion by selling state land to Egyptians living abroad.
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EU says it may lend Egypt up to 500 mln euros
The European Union may be prepared to lend Egypt up to 500 million euros to help it finance a budget deficit.
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Egypt to receive $1.15 billion in 'urgent financial aid' from EU and World Bank
Ministry of finance announces package to help Egypt bridge its budget gap, but fails to clarify whether the funds are grants or further borrowing.
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Women taking the lead in Egypt's economic revolution
Egyptian female entrepreneurs are taking the lead in social and economic change.
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Saleh Al Abdooli Appointed CEO for Etisalat UAE and Al Hamli for Etisalat Misr
Etisalat Group announced today Mr. Saeed Al Hamli as Chief Executive Officer for Etisalat Misr.
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Poverty rate increased to 25.2 percent of population
Egypt's poverty increased to encompass 25.2 percent of the population in 2010-2011 as compared to 21.6 percent in 2008-2009.
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Egyptian Stocks: El Sewedy Electric and Pachin Were Active
Egypt’s benchmark EGX30 Index (EGX30) increased 0.9 percent to 4,688.29 at the 2:30 p.m. close in Cairo, the highest level in more than four months.
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Egypt Seeks to Raise $2.2 Billion in Debt After Aid Commitments
Egypt plans to offer 13 bn EGP in treasury bills and bonds over the next week after receiving aid commitments from the European Union and World Bank.
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Yebab.com expands to Saudi, Egypt
Online wedding planning site sees exponential growth in traffic, partners with more companies.
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Egyptian SCAF dismisses General responsible for media
The decision taken personally by Field Marshal Mohammed Hussein Tantawi marks the first change in the SCAF since it came to power.
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Twitter's new censorship plan rouses global furor
Twitter insisted its commitment to free speech remains firm, & sought to explain the nuances of its policy, while critics proposed a Twitter boycott.
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Egypt''s PM paints bleak picture of economy
The interim PM said that the government debts account for nearly quarter the state budget.