News
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Saudi supports Arab Spring countries – official
The Douville summit allocated $38 billion to Egypt, Libya and Tunisia.
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Citadel Capital to invest $234m in African rail venture
The investment consists of $234m in new debt and equity to fund a five-year investment in RVR.
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Egypt Stocks: Maridive & Oil Services, Misr Beni Suef Cement
MOIL dropped 7.8 percent to $2.02, the lowest intraday level since February 2009 & MBSC declined 3.2 percent to 60 pounds.
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Egypt’s banking sector faces difficulties
The Central Bank of Egypt (CBE) has played an active role in mitigating the effects of the political turmoil in early 2011 on the banking system.
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Egypt's South Valley Cement to buy back 2 million shares
Company buyback is aimed at supporting its share price which has closely tracked the Bourse's performance over the last six months.
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First Airbus Military C295 of a three-aircraft order delivered to Egyptian air force
Egyptian military authorities chose the C295 for its adaptability to desert areas of operation, its maintenance and life cycle costs.
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AlBaraka, Turkey Unit to sell $500 mln in Sukuk in 2011
The shares of Albaraka Banking Group rose 1.8 percent to $1.14 on Sept. 22, trimming their decline this year to 16 percent amid political unrest.
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Beblawi: Egyptian economy slightly affected, needs cash flow
He said that the problem of cash flow in Egypt is a short-term one and if we overcome it, progress will exceed expectations.
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Chinese investors offer jobs for Egyptians
In the second quarter of 2011, the unemployed population in Egypt hit 3.1 million, among whom 71 percent are young people aged between 15 to 29.
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IMF projects Lebanon real GDP growth in 2011 at 1.5 percent
Lebanon's projected growth rate in 2011 would make it the third-slowest growing economy in MENA behind Egypt at 1.2 percent and Tunisia at 0 percent.
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Egypt and Ethiopia on the way of resolving disputes
Prime Minister Zenawi revealed about Egypt's and Ethiopia's plans to form a trio-association with Sudan.
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Dubai World sets conditions for resumption of work at Sokhna Port
Workers began a strike on Tuesday to press for hardship allowances, wage restructuring and the dismissal of managers accused of mistreatment.
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Euro's woes to steer Gulf markets
While Gulf markets are to be guided by Europe, investors in Egypt will focus on the property sector as the auction of 6,000 land plots starts.
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Diplomats owe $1.9 mln in Egypt parking fines
The proposed legislation asks the U.S. State Department to deny the renewal of diplomatic licenses to any country with outstanding parking fines.
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Arab govts may buy Egyptian treasury bills
The chaos weakened the pound and prompted foreign investors to cut holdings of government debt.
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Trade balance deficit confuses economic plans
Egypt’s trade deficit is a serious danger and threatens development, say economic experts, particularly after the recent deficit increase.
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Bourses to react to Fed, Europe; Egypt banks in focus
Egypt's stock market was dominated by swings in the shares of Orascom Telecom this week.
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Egypt, Ethiopia mull Nile dams dispute
Essam Sharaf met last week with Meles Zenawi in Cairo & agreed to set up a technical team to study the impact of the $4.8 bln Great Renaissance Dam.
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Egypt Suez Canal port shut after strikes
Egypt's Red Sea Port Authority said on Friday that the Ain Sokhna port at the southern entrance to the Suez Canal has been shut due to strike action.
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Tourism workers to face Islamists
Statements by Islamists expressing their intent to create regulations for tourism have prompted tourism workers to form a political coalition.