News
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Central Bank Of Egypt Holds Interest Rate At 8.25%
The Central Bank of Egypt held its overnight deposit rate unchanged at 8.25%, and the overnight lending rate at 9.75%.
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Egypt's Citadel Capital wins Iraq refinery deal
Citadel Capital won a contract from Iraq's government to build an oil refinery in the country with capacity of 150,000 tons per day.
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Arab, foreign stock purchases temper outweigh Egyptian sales
Arab and foreign investors’ purchases pushed Egypt’s three main stock indices towards modest gains in the opening hours of trading Thursday.
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Ambassador: Saudi Arabia will not end economic support for Egypt
Saudi Arabia will not halt its economic support of Egypt, Saudi Ambassador to Cairo Ahmed Qattan said Tuesday.
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Egypt, Germany to build medical center for crash victims
PM Essam Sharaf agreed on Thursday with a number of German medical experts to build a specialized center in Cairo to treat victims of road accidents.
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SCGC in collaboration with Egyptian Food Bank supports local community families in Ramadan
Suez Cement Group of Companies has, in collaboration with the Egyptian Food Bank, distributed foodstuff to thousands of families.
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Sweet Success in Egyptian Exports to the U.S.
The American consumer now would prefer to have a cheaper product with a good quality rather than a high-quality branded product with a high price.
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Egypt-Libya: Economists say stability in Libya will benefit Egypt
Egyptian economic experts have agreed that a stable Libya could spark a resurgent demand for Egyptian labour & rebuild a strong market.
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Kuwait Energy announces two new discoveries in Egypt
Kuwait Energy Company on Wednesday said announces it has discovered hydrocarbons in the GPZZ-4 and Al Ahmadi-1 wells, located in the Western Desert.
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Iraq to pay 20 year $400m debt to Egyptian workers
Iraq will pay $400 million in debts to Egyptian workers after 20 years.
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Egyptian economy in 'alarming' state, says EU ambassador
European Union Ambassador Marc Franco has expressed concern over the Egyptian economy, which he said is in an “alarming” state.
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Egypt banks "afraid" to take investment decisions, Heikal says
Egyptian government officials and banks are "afraid" to take investment decisions during the country’s transitional period.
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Egypt's Economic Woes
The estimates released recently by Egypt’s leading bank, EFG-Hermes, predict that the economy will contract by 3.3 percent this year.
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Telecom Egypt struggles as landline exodus continues
The global exodus away from landlines to the mobile phone industry has finally arrived in full force in Egypt.
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Egyptian Resorts to start marina build in Q4 -paper
Egyptian Resorts in its joint venture with Orascom Development will start construction of their Sahl Hasheesh marina in the fourth quarter of 2011.
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EgyptAir to issue air tickets via call center
EgyptAir announced today that it will launch a new service allowing customers to purchase tickets through the EgyptAir call center.
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Market Report: Egypt stocks see shallow rebound
Egyptian shares see-sawed back into the green Wednesday, the EGX30 main index edging up 0.7 per cent to reach 4,664 points.
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Maridive and Oil Services in Egypt downgraded
Maridive & Oil Services, an Egyptian marine and oil support services company, had its share price estimate cut.
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Europe announces aid package worth 100 mm euros to Egypt
The European Commission (EC) today pledged an aid package worth 100 million euros to Egypt to help it improve living conditions of Cairo residents.
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Egypt May Maintain Key Interest Rate to Help Growth After Revolt
Egypt’s central bank will probably keep the benchmark interest rate at the lowest since 2006 as growth slows.