News
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RWE Said to Sell Up to $3 Billion in Egypt Assets After Review
RWE AG(RWE), Germany’s second-largest utility, has opted to sell Egyptian energy assets following a review of Dea, its oil-and-gas exploration unit.
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Egypt pound weakens to more than 6 to U.S. dollar
The Egyptian pound weakened to more than 6 to the U.S. dollar on Thursday for the first time since January 2005.
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Chevrolet Move N300 Van Gets Exported To Egypt As Chinese Kit Car
Seeing a potential market for export, the ever-so-resourceful American automaker has decided to deliver 5,000 of these Chinese van kits to Egypt.
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Egypt stocks up 1.4 per cent early Thursday
Bourse making second day of gains, beginning to claw back losses prompted by crackdown on Cairo protesters.
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S&P cuts Egypt sovereign rating
S&P said Thursday it cut Egypt's long-term foreign and local currency sovereign ratings to B+ from BB-, with a negative outlook.
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Alexander Nubia Commences Drilling at Hamama (VMS) Project in Egypt
Alexander Nubia Int'l Inc. is pleased to announce that it has commenced drilling at its Hamama zinc-gold-copper-silver property in Abu Marawat.
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Visa promotes tourism in Egypt
Leading electronic payments network, Visa, has launched promotional offers with Jaz Hotels in an effort to help attract tourists back to Egypt.
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Market Report: Egypt's bourse rebounds on Tantawi's statement
After a rocky week that saw trading suspended, on Wednesday Egypt's bourse made back some ground.
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Egypt Yields Heading to Record as Pound Seen Sinking 17% in Year
Egypt may be forced to pay record yields to borrow 5.5 billion pounds ($917 million) at an auction today.
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Egypt's businesses brace for impact after clashes
Several local and international businesses across Cairo are comparing this week’s violence to the turmoil of the 18 days of January 25.
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Analysis: Policy paralysis in Egypt as economic crisis mounts
Faced with economic threats on several fronts, Egypt's rulers look unlikely to come up with a coherent policy response.
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Egypt and the IMF: needs must
Egypt’s economic outlook is bleak as protests against the country’s ruling military council intensify ahead of next week’s parliamentary elections.
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Egyptian Stocks: Talaat Moustafa Group, Maridive & Oil Services
Egypt’s benchmark EGX 30 Index (EGX30) gained for the first time in 11 days, increasing 1 percent to 3,713.5 at 1:58 p.m. in Cairo.
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Egypt's Amer group post disappointing results
Slower deliveries of units caused revenues to drop on a quarterly and annual basis.
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Egypt stock market pares early losses as bargain hunters step in
EGX30 index dropped more than 1.8% early in Wednesday’s session, but rebounded to a 0.12% decline by 11:30 a.m., at 3,672 points.
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Egyptian economy continues to pay the price
Current social upheaval in Egypt may send the country’s currency on a downward trend resulting in a sharp depreciation in the coming few months.
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Talaat Moustafa Bucks Index Drop as Court Rules on Madinaty
Talaat Moustafa Group Holding advanced for the first time in three days after a court ruled it can keep its biggest land asset.
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Egypt: Helwan Export ups quality and volume
Helwan Export is one of the largest export companies in Egypt specializing in exporting fresh fruit and vegetables to most European countries.
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Unrest sends Egypt pound to weakest since Jan 2005
Egypt's pound fell to its weakest against the dollar since January 2005 on Tuesday.
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Gulf bourses tremble as Egypt halts stock trading
In Cairo, trading was halted on the Egyptian stock exchange after its broader index plunged over 5 percent Tuesday.