News
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Egypt stocks extend gains after elections
EGX30 index was up about 1.25 percent, climbing to 4,070 points, and gaining for the third consecutive day.
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Egypt's Suez Canal says to raise fees 3 pct in 2012
Tariffs had not been changed for the previous three years, but the 3 percent raise will affect all vessels passing through the Suez Canal next year.
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CIB Heads for Highest in Two Weeks After Hiring Central Banker
Shares of the Cairo-based bank, also known as CIB, rose 3.4 percent to 24.05 Egyptian pounds, after hiring Hisham Ramez, ex-deputy governor of CB.
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Egypt not happy to halt trade relations with Syria
Egypt exports goods worth some US$2 billion per year to Syria, and imports from Syria amount to about US$700 million annually.
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Ramez to Join Commercial International Bank as Vice Chairman
Hisham Ramez will head the institutional and consumer businesses at Egypt’s biggest publicly traded bank CIB.
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Egypt mobile phone Aug subscriptions up 28 pct
In July the number of mobile phone subscriptions was 77.76 million, & in August, Vodafone, Mobinil and Etisalat reached 78.99 million subscriptions.
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Egypt raises $1.5bn at yields below estimates
The government sold the notes at an average yield of 3.87%, or 376 basis points over similar-maturity US government securities.
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Twitter's Security Startup Acquisition Increases Danger For Egyptian Activists
Twitter pulled one of the only available encryption software suites for Android phone calls and SMS text messages off the market.
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Business leaders ponder effects of Islamist parliament
Despite the Muslim Brotherhood's support of a free market economy, their expected success in parliamentary polls has the business sector on its toes.
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Egyptian top up service expands to expat communities
Offered in conjunction with international top up specialist ezetop, the service can be accessed from over 350,000 retail stores worldwide.
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Egypt’s Meditrade Said to Buy 33,000 Tons of Sunflower Oil
The vegetable oil is for arrival from Jan. 15 to Feb. 7, according to the traders.
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Dana Petroleum Egypt joint venture approved
Oil firm Dana Petroleum has been cleared by Egyptian officials to set up a new joint venture in the country.
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90 Percent of Electricity Projects' 2nd Phase Completed By LE 4 Billion Investments
The projects should generate one thousand megawatts from 6th of October and west of Damietta stations with LE 4 billion of investments.
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Fresh turbulence batters Egypt's shaky economy
While the impact of the ongoing elections on Egypt's political landscape remains uncertain, the recent unrest has further battered its economy.
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Market Update: Egypt bourse closes up 0.82%
Smooth legislative elections encourage investors, giving Egypt's stock market its second day in the green.
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Egypt adopts 20 measures to save spinning & weaving units
The textile industry in the country has faced several problems which led to the closure of plants.
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Egypt's democratic change will support economy
Achieving progress in the democratic transition will push the economic situation forward and resolve the current economic crises.
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Arab Spring leaders recognized as 'top global thinkers'
Alaa AlAswany, Wael Ghonim, and Mohamed ElBaradei topped the first the list, all due to their efforts during the beginning of the Arab Spring.
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Egyptian frozen assets case makes headway
Despite recent turmoil in Egypt, the case involving millions of dollars of alleged ex-regime money frozen in Swiss banks appears to be advancing.
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Egypt finmin Beblawi says not yet asked to stay on
"All I can say is that, up to this very moment, I was not approached by anyone," Hazem ElBeblawi said.