News
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West Kom Ombo exploratory phase extended
Energean has drilled two wells that correlate well with the stratigraphy of Al Baraka oil field.
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Shuaa eyes brokerage buy in Egypt - sources
Shuaa has looked at HC Securities and Beltone Financial as potential targets, said two of the sources.
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Citadel's African railway gets $70 mln capital increase
This brings to more than $319.3 million the total equity and debt raised by Citadel Capital and its platform companies.
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Qualcomm and the internet of everything
US-based Qualcomm designs, manufactures & markets digital wireless telecommunications products & is set to open an Egypt office by the end of 2011.
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Egypt leading stocks drag the market down
Egypt's market closes down, losing 1,15 per cent.
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Arab Cotton Ginning Falls Most in a Month as It Cuts Dividend
The shares of the Cairo-based company tumbled 6.7 percent, the biggest intraday decline since Aug. 9, to 3.75 Egyptian pounds.
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Sources: CBE’s governor to be reinstated for one more year
The reinstatement in bank authorities aim to end conflicts of interest and prevent bank executives from holding more than one position.
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Amer Group and Ezz Steel: Egyptian Equity Preview
Amer Group shares declined 3.1 percent to 1.26 Egyptian pounds, and Ezz Steel had its share-price estimate cut 9 percent to 11 Egyptian pounds.
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Egypt's SIIC says buys 35,000 T sugar
The SIIC official said the sugar was purchased from Bunge at the price of $747 a tonne, on a cost, insurance and freight(CIF) basis.
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Turkish businesses can’t wait to return to N Africa
Erdo?an’s visits to Egypt, Libya and Tunisia are crucial for Turkish companies, which are seeking ways to return to fertile North African markets.
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Preparations for World Tourism Day hot up
WTD activities in Aswan include a high-level think tank on the 2011 theme, which will portray the role of tourism in building respect & tolerance.
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Gulf rebounds; Egypt falls on political woes
In Egypt, the main index fell 1.6 percent following European markets downwards as investors remained worried about political instability at home.
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Egypt's Sawiris among those eyeing Orange Switzerland
France Telecom is putting the Alpine country's third largest mobile operator up for sale, prompting a wave of speculation.
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Egypt stocks fall for 2nd day; tourism down
The 1.75 percent decline in the Egyptian Exchange's EGX30 index reflected mounting unease by investors over the political situation in the country.
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Fluctuating gas supplies could cost Jordan $1 billion, minister
The gas quantities pumped to the Kingdom of Jordan now are 80 million cubic feet a day.
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Ankara to triple economic investment in Egypt
The two countries signed a number of economic and trade deals that would increase trade turnover from $3 billion to $5 billion.
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Egypt's Orascom to invest up to $130 mln in Rwanda
On Tuesday Rwanda and Orascom Construction signed a deal to construct and maintain a methane gas plant at Lake Kivu.
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Flip-Flop on Egyptian Tourist Visas Creates Confusion
The Cabinet had not issued any decision regarding the new visa rules, calling it only a proposal.
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BDI: 70,000 Egyptians could lose jobs over poor Israeli relations
The Israeli-Egyptian QIZs employ 70,000 Egyptian and export $1 billion of goods to the US.
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Egypt's El Sewedy Electric expects stronger performance in second half of 2011
Major cablemaker expects demand to pick up for all operations after regional upheaval squeezed sales for the first six months of the year.