News
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Egypt Stock Market Commentary – Week Ending November 18, 2011
The Egyptian pound traded at its lowest in nearly seven years, pushed down by concern about turmoil ahead of parliamentary election.
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The World Travel Market brings Egypt new recovery signals
Since the negative impacts of the unrest penetrated the sector, Travco Group maintained its faith in the resilience of the Egyptian tourism sector.
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Egypt has strong tendency to accept IMF fund - finmin
Beblawi said that Egypt needs to diversify its debt and reduce its dependence on local borrowing after treasury bill yields surged.
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USAID and Egyptian government collaborate to decentralize agricultural water authority
The reach of the “Life/Water Project” covers nearly 42% of Egypt’s irrigated land and strives to manage all irrigation, drainage, and ground water.
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Petroleum Ministry: Egypt to resume gas supply to Israel, Jordan
The petroleum sector is capable of increasing production through development and research, the minister said.
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Egypt team wins at Intel challenge for Hepatitis C detection
NanoDiagX of Egypt uses gold nanoparticles to develop a virus test that can detect Hepatitis C in less than an hour, and at one-tenth the cost.
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Egyptian Stocks: Beltone Financial and Citadel Capital
Beltone Financial Holding (BTFH) SAE decreased for the third time this week, while Citadel Capital SAE (CCAP EY) advanced.
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Egypt sells 5.5 bln EGP in T-bills, yields jump
The bank sold 2 billion pounds of 182-day T-bills at an average yield of 13.978 percent, up from 13.447 percent at an auction last week.
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Market Report: Egypt stocks drop 1.1 per cent on resurgent protests
Main index drops to its lowest level in five weeks as financial institutions take the main hits ahead of Friday's mass protests.
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Egypt-Gulf cooperation motivated by strategic interests
Money given by a foreign country is usually driven by a strategic ambition — so what drives Qatari financial support for Egypt?
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No school during Egypt elections
Schools across the country will be suspended throughout the voting process in order to ensure students’ safety.
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Centamin Egypt CEO dies suddenly
Harry Michael, Chief Executive Officer of Centamin Egypt, has died suddenly, & Josef El-Raghy, Chairman, will be assuming the additional role of CEO.
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Heliopolis Housing to freeze land-sales until market recovers, offers two projects
Majority state-owned developer likely to offer two new residential projects, but will hold back on selling land until it sees recovery.
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Egyptian Exchange launches new trading platform
The Egyptian Exchange (EGX) celebrated the launch of NILEX new trading system with a "Ringing of Bell Ceremony".
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Dana Gas to Discuss $1 Billion Bond Refinancing on Nov. 22
The company will discuss the status of its current projects in the United Arab Emirates, Egypt and Kurdistan, and future business opportunities.
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Middle East Tourism Ministers to run summit at ATM
UNWTO Secretary-General, Taleb Rifai commented: “The ongoing changes in the Middle East and North Africa bring enormous opportunities.
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Bajaj Auto launches Boxer 150 motorcycle in Egypt
The new motorbike has a customised design and technology, in accordance with the requirements of the Egyptian market.
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Egyptian tourism sector starts to recover?
Some 2.7 million people visited Egypt in the third quarter of this year, half-a-million more than those who came during the second quarter.
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Egypt gets budget help from Arab Monetary Fund
Egypt has so far received $1 billion in budgetary support from Gulf states to help cover its deficit which expanded after the uprising in February.
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Gas supplies to resume ‘next week’
Egyptian officials gave Amman assurances that pumping would resume within one week’s time, after the pipeline had been attacked for the seventh time.