News
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Minister says Saudi investors didn’t leave Egypt after revolution
Trade and Industry Minister Mahmoud Eissa said Tuesday none of Egypt's Saudi investors have left the country since the 25 January revolution.
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Qualcomm to open Egypt office, zeroes in on emerging markets
Qualcomm, which designs, manufactures & markets digital wireless telecommunications, will open an office in Egypt by the end of 2011.
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Mobinil shifts focus to data services
Egyptian mobile firm Mobinil is switching focus from market share to boosting revenue per user and hopes to expand data services.
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IHG says Bahrain, Egypt unrest cost $4m in Q2
UK-based InterContinental Hotels Group said on Tuesday that the unrest in Bahrain & Egypt had cost its Middle East hotels operation $4m in Q2 2011.
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Egyptian exchange loses 15 billion EGP amidst global fears
Investors must hold on to shares, even though world markets appear to be collapsing, said Rania Nassar, head of research in the Economic Group.
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Modern new salary scheme for Egyptair Maintenance and Engineering
The Egyptair Maintenance & Engineering Company has confirmed its confidence in Lufthansa Consulting.
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Egypt to sell LE5 billion in two and three-year bonds
Finance ministry is gearing up for bonds auction on 15 August, says Central Bank.
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Ezzsteel 2010 consolidated profit soars
Net profit for 2010 was 252 million EGP ($42 million), while net sales rose 32 percent and EBITDA increased 29 percent, ezzsteel said on Tuesday.
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Paul Bakery and Restaurant opens two new branches in Egypt
In a step that confirms the confidence of foreign investors - especially French investors - in the Egyptian economy.
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Cutting down spending to redress budget deficit
Dr. Hazem Al-Biblawy stressed during a press conference Sunday 7.8.2011 the importance of rationalizing spending of all ministries.
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Egypt has 74.5 million mobile users
Egypt’s ministry of telecommunications indicates that mobile users in Egypt have reached 74.5 million people with Vodafone Egypt on top.
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Egyptian output boosts results for TransGlobe
Rising production from its Egyptian oil properties & higher prices more than doubled earnings at TransGlobe Energy Corp. in the second quarter.
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Egypt stocks resume trade, slip further
Egyptian stocks have resumed trading following a 30-minute freeze after the benchmark EGX30 dropped 5 per cent within a half-hour of opening.
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Egyptian Economy to Contract 3.3% This Year, EFG-Hermes Says
Egypt’s economy may contract 3.3 percent this year, EFG-Hermes Holding SAE said, instead of the 2.5 percent it estimated in February.
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Vodafone’s growth hit in the wake of riots in Egypt
Egyptian riots & Vodafone’s conceivably subsequent mishandling of its operations at the time had resulted in 80% drop in the telco’s growth rate.
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Egypt exchange suspends trade after index slides
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Egypt exchange suspends trade after index slumps
Share trading halted on the Egyptian Exchange on Tuesday after the benchmark index tumbled 5 percent.
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Egypt share index tumbles 5 pct
Egypt's benchmark share index tumbled 5 percent to a fresh two-year low on Tuesday.
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U.S. exporters sell corn to Egypt, wheat to unknown buyers
The corn is to be delivered in the 2010-2011 marketing year, which ends August 30.
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African Development Bank Lends Egypt $550 Million, Mena Says
The African Development Bank agreed to lend Egypt $550 million to help finance a steam electric generator in Suez.