News
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EGX30 erodes early gains, drifts 0.09% lower by mid-trade
Foreign and national traders were net sellers of shares worth EGP 350.068 thousand and EGP 1.84 million respectively.
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Telecom Egypt sees customer base grow on new DLD rate
TE had 9 million customers at the end of June, a 4.3 percent drop from the previous year.
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Romania exports 60,000 tons of wheat to Egypt
According to Egypt’s General Authority for Supply Commodities (GASC), it has bought 60,000 tons of Romanian wheat from Ameropa company at $278/tone.
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UAE, Saudi Arabia Egypt's major Arab trading partners
The Asian emerging country partners rank third as Egypt's most important trading partners after the EU and the United States.
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EU Sends Team to Test Egyptian Seeds
Egypt is now allowing EU representatives into the country to search for hard evidence of contamination - or lack thereof.
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Egypt's Sewedy H1 net profit drops 34 pct
Egypt's El Sewedy Electric , the Arab world's biggest listed cable maker, posted a 34 percent drop in first-half net profit.
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Egypt ready for talks on Nile water sharing
Dr Magdy Hefny, said yesterday here that trading blame on the use of the river’s water would not solve the problem.
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Jumblatt: Money needed for Egypt development
Progressive Socialist Party leader MP Walid Jumblatt called on wealthy Arab states Monday to provide financial aid to Egypt.
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Egypt central bank to offer LE 9 bln in repos
Egypt's central bank said it will offer LE 9 billion ($1.506 billion) in six-day repurchase agreements in the money market on Tuesday.
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Market Report: Egypt stocks gain as foreigners buy on Gaddafi's fall
The EGX30 benchmark index makes a slight recovery from its recent battering, climbing 1.06 per cent as investors target key industry players.
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Notable increase in Egyptian exports to Lebanon
Egyptian exports to Lebanon witnessed a notable increase during the first half of 2011, recording U.S. $401 million.
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Egyptian bourse mulls launching EGX 20 Index
The Egyptian Exchange (EGX) is considering the launch of a new gauge to measure the performance of the 20 most active companies.
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Egyptian Iron & Steel losses increase
Egyptian Iron & Steel sent a statement to Egyptian Stock Exchange stating that its BOD approved financial statements over period ended on 30.6.2011.
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Egypt sells 3-year bonds worth 2 bln EGP
Egypt's central bank said on Monday it sold three-year bonds worth 2 billion Egyptian pounds ($335 million).
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Egypt Central Bank denies drop in foreign reserves
Egypt's Central Bank has denied a report carried by the MENA news agency that the foreign exchange reserves of the country had dropped to $24.9 b.
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Egyptian government bans export of palm leaves to Israel
Egypt’s Agriculture Ministry has announced a ban on the export of palm leaves to Israel starting this year and for the coming two years.
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Beltone cuts Egyptian Financial price estimate to L.E 17.87
Beltone Financial cut Egyptian Financial & Industrial Co. (EFIC) share price estimate 17 % to 17.87 pounds.
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Egyptian stocks claw back 1 per cent
Egyptian stocks have clawed back some of yesterday's losses, the benchmark EGX30 finishing Monday up 1.06 per cent at 4,642 points.
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48 pct of Egypt employers to hire next quarter, finds survey
In Egypt, 27 percent said they would probably be recruiting while 21 percent definitely will in the next few months.
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Deutsche Bank cuts Mobinil’s target price to EGP 101, ups rating to Buy
Deutsche Bank slashed the strike price of Egyptian Company for Mobile Services (Mobinil) from EGP 128 to EGP 101.