News
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Standard Chartered eyes Piraeus Bank's Egyptian Subsidiary
Standard chartered is considering buying Piraeus bank's Egyptian Subsidiary a deal that would boost the Greek Bank.
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Egypt's Alcotexa sells 125 tons of cotton in week
Egypt's Alexandria Cotton Exporters' Association committed to sell 125 tonnes of cotton of the Giza 86 variety in the week that ended July 16.
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Factbox: Egypt's new Finance Minister Hazem el-Beblawi
Egypt named Hazem el-Beblawi on Sunday as the country's new finance minister, replacing Samir Radwan who took up the position in January.
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Citadel Capital Reports 1Q11 Results with US$ 41.6 million in new AUM
Citadel Capital Board has approved EGP 1.05 billion rights issue to support its growth plans.
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July 18 is first day to promote tourism
The head of the tour guide union in Luxor, Anwar Aboul Magd, told Youm7 in a special statement the union is making efforts to boost tourism.
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Japanese diplomat in Cairo to discuss support for Egypt
Japan's deputy foreign minister, Koro Bessho, arrived in Cairo on Sunday in a two-day visit to hold talks with a number of Egyptian officials.
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Egypt's Talaat Moustafa Group expects LE5.5 billion new sales this year
Controversial property firm expects interest to continue in its high-end products, resulting in an LE27.5 billion backlog.
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Milan threatens to cancel contract with Egyptian investor
Mahmoud Osman was shocked when he found out customs authorities prevented a shipment of garbage bags his factory exports to Milan city annually.
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Egypt: PM Sharaf shuffles Cabinet
Egyptian interim Prime Minister Essam Sharaf on Saturday appointed a veteran economist and liberal party activist as new deputies.
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Fresh study on Saudi-Egypt bridge
Saudi Arabia and Egypt have decided to launch fresh studies to build a 32-km bridge linking the two countries.
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Orascom Development appoints chief executive
Real estate and hotels firm Orascom Development has appointed Gerhard Niesslein to become its new chief executive on Friday.
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Revolutionary technology: IT investors eye Egypt
The tech know-how that helped spur the Arab Spring is a clear sign of Egypt's potential in the communications and IT sector.
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European Investment Bank to give Egypt $ 2.1 billion
The European Investment Bank will give 1.5 billion euros ($2.1 billion) to Egypt between 2011 and 2013 for projects.
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Saudi, Egypt To Discuss Reviving Shelved Causeway Proj-Report
KSA & Egypt will discuss again a causeway project to link the 2 countries across the Gulf of Aqaba that was previously rejected by the former regime.
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Egypt's government wants to increase production, says Min of Industry
Dr. Samir al-Sayad said the Egyptian government is keen to take the necessary measures to restore production during the next stage.
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Egypt may add Ukraine, Romania to list of wheat suppliers
Egypt, the world’s biggest wheat importer, is considering adding Romania and Ukraine to its list of approved suppliers, said Nomani Nomani.
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Egypt's bourse gains on local, Arab buying
For the second day in a row, Egyptian shares rose on Thursday on local and Arab buying, traders said.
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75 Closed Factories in Egypt Seek Financing
75 closed factories in Egypt need about 7 billion pounds ($1.2 billion dollars) to re-open.
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Standard Chartered eyes Piraeus Bank's Egypt unit
Standard Chartered is considering buying Piraeus Bank's Egyptian subsidiary, a deal that would boost the Greek bank.
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Work on Egypt’s first PET plant finally underway
Joint venture Egyptian Indian Polyester (EIPET) saw its foundation stone laid June 23 in Ain Sokhna, in Egypt’s northern Red Sea region.