News
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Egypt shares plummet as trade restarts
Sunday’s trading day was shortened to three hours from four to give exchange employees time to obey a curfew.
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GM, BASF reopen in Egypt, Electrolux plans partial resumption
General Motors and German chemicals firm BASF reopened facilities in Egypt while Electrolux (ELUXb.ST) said it would partly resume operations.
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Toyota, BASF among foreign firms in Egypt shutdown
Toyota and BASF joined those companies that have put their staff on alert in Egypt, restricting travel.
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Russians flock to Egyptian resorts despite travel warnings
Russian authorities said those who bought tours to Egypt are eligible for a full refund.
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Egypt stock market set to reopen for reduced hours after Cairo violence
Egypt’s stock market is due to re-open today after days of violent clashes in the country in which 750 people have reportedly been killed.
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Egypt: Is it still safe to travel?
Yesterday, the government of Hong Kong raised its travel warning, to "black," urging against all travel to Egypt.
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The scary economic news behind Egypt’s bloodbath
The likely outcome: more economic misery for a country that has already suffered plenty.
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Egypt expects 50% boost in tax revenues for 2013/14 budget
Revenues in Egypt's 2013/14 fiscal year are expected to include around $46 billion in taxes, says Egyptian Tax Authority official.
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Egypt expects 50% boost in tax revenues for 2013/14 budget
Revenues in Egypt's 2013/14 fiscal year are expected to include around $46 billion in taxes, says Egyptian Tax Authority official.
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How will latest violence in Egypt affect wider economy?
Food inflation is about 20% at the moment, tourism's already down by about 50% since the revolution two years ago, and foreign investment's down 75%.
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GM closes Egypt plant due to violence
General Motors has closed its operations in Egypt indefinitely because of violence in the country.
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Egypt bonds jump as violence stokes fears for economy
The yield of Egypt’s international bond maturing in 2020 has climbed from 8.1 per cent earlier this week to a five-week high of 8.85 per cent.
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Shell closes Egypt offices, curbs business travel there
Shell gave no details on how many staff were affected by the closures nor where the offices were located.
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Oil prices rise after Egypt bloodbath
Traders fear the bloody unrest in Egypt could hit crude shipments through the Suez Canal and Sumed Pipeline.
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Egypt seethes under curfew after hundreds killed
The clashes spread quickly, and a health ministry official said about 300 people were killed and more than 2,000 injured.
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Chaos forces Egypt to shut down banks, stock exchange
The Egyptian EGX 30, the country’s benchmark stock market index, dropped 1.70% to 5549.19 on Wednesday.
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Economy to improve: NBE Chairman
The economy has the potential for growth in the coming months, says Chairman of the National Bank of Egypt.
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Egypt’s GB Auto profits nearly wiped out by political, economic crisis
Egypt’s sole dealer of Hyundai and Mazda passenger cars said net income tumbled by nearly 73 percent to 16.1 million Egyptian pounds.
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Tourism revenues hit LE1 million over Eid: minister
The total income from tourism during Egypt's Eid vacation hit LE1 million, said Minister for Antiquities Affairs, Mohamed Ibrahim.
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Fuel card system second phase underway - Finance Ministry
The government launched a new website at www.esp.gov.eg to receive applications for smart cards.