News
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African Bank: Nationalisation not a good idea
Mthuli Ncube said the unrest in Egypt, Libya and Tunisia will probably reduce economic growth in North Africa this year to 0.7% from 4.7% last year.
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Egypt cbank to offer 6 bln EGP in repos on Tuesday
Egypt's central bank said it will offer LE 6 billion in 7-day repurchase agreements in the money market on Tuesday at a fixed rate of 9.25 percent.
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Pensions expenditure increased by LE9 billion in state budget, says finance minister
Supreme Council of the Armed Forces approved the 2011/2012 state budget on Thursday, the provision for pensions was increased by LE9 billion.
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Cairo's governor seeks cooperation with Trade Chamber
Cairo's governor Dr. Abdel-Kawi Khalifa met with Ibrahim al-Araby, the chairman of Cairo's Trade Chamber, to discuss ways of cooperation.
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Egypt hopes projects will support economy
The Egyptian Finance Ministry is planning to create 15 projects with investments of 100 billion Egyptian pounds.
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Egypt aims to boost cultural exchange with China
Egypt has approved of setting up a cultural bureau in China's capital Beijing,Egyptian state news agency MENA reported Sunday.
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Egyptian banks hesitant to lend to government
On Thursday, the government cancelled an auction of treasury bills due to the high prices demanded by banks.
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Egypt picks IDB over IMF
Shari'ah loans like the Islamic Development(IDB) $2.5bn package are clearly the best fit for Egypt's financing needs.
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Upper Egypt Contracting sells 1.76 mln treasury shares
Also known as El Saed Contracting Co., offloaded 1.76 million out of 11.1 million treasury shares last week. The sale period will end on July 29th.
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Egypt's Olympic sees Electrolux deal in 30 days
Swedish white goods manufacturer Electrolux is in the middle of buying Egyptian appliance maker Olympic Group - Reuters
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World Bank to insure FDI, support wastewater infrastructure in Egypt
The World Bank will provide a $1 billion loan to help bring back foreign direct investment (FDI) to Egypt.
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PM Sharaf praises Egyptian investment in Guinea
The Guinean president offered the people's and government's respect to Egyptians.
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Olympic Group denies Ideal deal was undervalued
Olympic Group denied on Wednesday allegations that its 1997 purchase of Ideal Zanussi from the Egyptian government was undervalued.
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Egypt's Agriculture export increases: a mixed blessing
A predicted jump in vegetable exports is good news for big agrobusiness firms that can afford to meet European standards.
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Tourism festival begins in Luxor
This festival is an invitation to revive tourism in Luxor, said the governor.
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Radwan: U.S. will suspend 33% of Egyptian debt
Radwan said the talks included forgiving one billion dollars of Egyptian debt to the U.S in order to fund development projects.
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Market Report: Egypt stocks welcome a clear playing field
Go-ahead of Ahly-Zamalek derby sent a signal that Egypt can weather current unrest and spurred Thursday's 1.69 per cent rise in shares, says analyst.
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Trade Disputes between EU and Egypt persist over E. Coli Outbreak
After the EU banned the import of certain Egyptian seeds, it is accused of having failed in treating Egypt as a respected trade partner.
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Egypt's Olympic sees Electrolux deal value lower
Olympic Group's parent company Paradise Capital expects a takeover deal between the Egyptian appliance maker and Electrolux (ELUXb.ST) to be revised.
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Egypt stock market tumbles on new clashes
EGX30 has tumbled over two percent amid fresh clashes between security forces and protesters in central Cairo.