News
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Gold sales expected to increase during last ten days of Ramadan
Gold sales expected to increase during last ten days of Ramadan, said head of gold division in the Cairo Chamber of Commerce, Ehab Wasef.
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Egypt's Stock market will not be suspended
Abdel Salam said that the stock market will not be suspended, not even for an hour. The current incidents in Egypt will not stop the transactions.
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Egypt spends LE516m on ‘Muwa’d al-Rahman’
This year’s political events did not limit the lavishness of the Tables of Mercy on which the Egyptians spent LE516 million since Ramadan 1st.
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Egypt Stocks Drop Most in Week as Tensions With Israel Increase
Egypt’s benchmark stock index dropped the most in more than a week as protesters demonstrated outside the Israeli embassy in Cairo.
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Orascom Construction gets US $181 million deal from Cairo Electricity
Orascom Construction Industries (OCI) received US $181 million (£110 million) civil construction deal from Cairo Electricity Production Company.
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‘Arab Spring’ raises hopes of rebirth for Mideast science
Egyptian chemist Ahmed Zewail first proposed building a $2 billion science & technology institute in Cairo 12 years ago after he won a Nobel Prize.
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Al Arafa Investments, Egyptian Resorts: Egyptian Equity Preview
Al Arafa, Egypt’s biggest clothing exporter, allowing it duty-free access to the U.S. market provided its products have Israeli input.
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Middle Egypt Flour Mills signs L.E 80 m contract to upgrade 2 mills
Middle Egypt Flour Mills signs a contract with Swiss Bohler Co. to start upgrade works of Bani Mazar and Tabark Mills by next January.
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Egypt tops Mena in not preferring fast food
Egypt topped the list of Mena countries for consumer preference to not eat at quick-service restaurants, said a report.
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Four Egyptians win the IOI 2011 awards
Minister of Communications & Info. Technology, Mohamed Salem, recently honoured winners of the Int'l Olympiad in Informatics IOI 2011 in Thailand.
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Tourism in Sinai largely unaffected by border incidents
Tourists to Sinai have largely ignored the violent incidents of recent days on the border between Egypt and Israel.
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Minimum wage to be implemented in private sector in October
The public sector minimum wage will also be implemented in the private sector starting from October, Ahmed al-Borai said on Saturday.
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Stock woes have Egyptian brokerages fighting to survive
Already at a two year low, Egypt's Bourse looks set to make further losses tomorrow on the back of Sinai violence and fears of global recession.
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World Bank grants Egypt $2 billion
As a part of the Partnership for Development Programme, the World Bank offered the Ministry of Int'l Cooperation $2 billion in grants & loans.
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Ministry of Finance: 8.55% in deficit percentage calls for concern
The Egyptian Ministry of Finance announced the collective deficit in the Budget project.
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Telecom Egypt names Ali as director of board
Telecom Egypt has appointed Ahmed Abou Ali to its board of directors with immediate effect, as an independent board member.
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Inflation slowing down
The Annual inflation rate in urban areas of Egypt, the main inflation indicator, edged down to 10.4 % in July compared to 11.8 % in June.
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Orascom Telecom Holding posts net loss of $58 million
Orascom Telecom Holding,the Global System for Mobile Communications service provider, posted net losses of $58.5 million in the 2nd quarter of 2011.
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Egyptian mobile phone use to exceed 100 per cent by 2013
Subscribers will outpace the actual population by the end of next year, claims an international business report.
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APEX Voice Communications & ACTEL Communications launch video services with Etisalat Egypt
APEX Voice Communications & ACTEL Communications recently announced the availability of Video IVR on the Etisalat Egypt network.