News
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ME banking sector competitiveness to increase, new survey reveals
A 200-survey-study among leading bank and insurance executives reveals that Asia, Africa and the ME are the focus of global financial institutions.
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Trade disputes between EU and Egypt persist over E. Coli outbreak
After banning the import of certain Egyptian seeds, the EU is now accused of having failed in treating Egypt as a respected trade partner.
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Egypt's Suez Cement H1 falls 37 pct
The subsidiary of Italcementi faced a consumption-decline of 14.3% in the first half of 2011, due to interrupted construction operations.
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Egyptian banks face rising earnings pressure
Non-performing loans, financing government deficit in the absence of foreign institutional investors and political unrest blamed.
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Arab Unrest, High Food Prices Cast Pall On Ramadan
A tense Ramadan ahead, the Arab world must not only face the hot weather this month, but also economic hardships.
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GAI signs biggest petrochemical deal since Jan25
LE2.7 billion is to be poured into a new plant on the northwest bank of the gulf of Suez, announces GAI's chairman.
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EGX30's first rise since July 17
The rise of Orascom and Delta Sugar in EGX30's first gain since July 17.
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IFC investment to spur job creation by supporting Egypt's fertilizer and construction sectors
IFC, a member of the World Bank Group, has approved a loan and equity investment package that will support Egypt's Orascom Construction Industries.
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Nine companies switched on Egypt's main stock index on Aug 1st
Firms to be listed on the EGX30 as part of its semi-annual 'maintenance' effective on August 1, including Baraka Bank and Amer Group.
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US debt crisis affects Egyptian economy
A state of serious concern dominates financial markets and economic systems worldwide due to the U.S. economy crisis, leader of global economy.
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Egypt makes gas payments to Dana Gas
Egypt has met all delayed gas payments to UAE's energy firm Dana Gas this month, after resolving issues of gas volume measurements.
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Balance between market and state economy ideal for Egypt
Nobel Prize winner and economist Joseph Stiglitz believes that an economic model balanced between a market and state economy would be ideal for Egyp.
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Is Islam Compatible with Capitalism?
Egypt is a Muslim nation. Should Islam be indicted for what was in Rifaa’s time, and remains today, a dysfunctional economy?
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If Egypt’s Economy Doesn’t Improve, Does Democracy Matter?
Egypt’s unemployment rate is approximately 12 percent, according to the International Monetary Fund. Even those who have jobs are worried.
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IFC to invest, provide loan to Egypt's OCI
The International Finance Corporation (IFC) said on Friday it would make a $50 million equity investment in Egypt's Orascom Construction.
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Egypt's market slips on local, Arab selling
Locals and Arabs made net sell-offs worth LE62.5 million ($10.6 million) and LE7.8 million, according to Bourse data.
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Air fares cut during Ramadan
Airlines are cutting ticket prices to stimulate demand as Ramadan, a traditionally quiet travel period, approaches.
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Vodafone under fire for bowing to Egyptian pressure
Activists seek protocols to curb use for propaganda. Bahrain, Malaysia and China cited as risky states.
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Moody’s: Egypt’s economy still going down with protests and Cabinet reshuffle
An unstable political environment in Cairo has led to policy drift and uncertainty, with credit negative conditions in Egypt prevailing.
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Vodafone’s role in Egypt crackdown resurfaces
Vodafone cut off cell phone service for a short period during the 18-days of protests that eventually ousted former Egyptian President Hosni Mubarak.