News
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WB: Investors need decisive action from Egyptian government
The World Bank (WB) held a forum yesterday in order to discuss the situation in the Middle East after the incidents that have been happening.
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Nigeria: Country's Trade with Egypt Hits U.S.$11 Million
The trade volume between Nigeria and Egypt has hit $11 million, the President of the Nigeria and Egypt Business community has said.
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Not adapting to climate change means massive failure for Egypt’s economy
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Not adapting to climate change means massive failure for Egypt’s economy
Climate change in Egypt within the next 10 to 25 years will incur economic losses from the Egyptian economy of up to LE180 billion.
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Moody's changes outlooks on four Lebanese banks to negative
Moody’s pointed out that exposure to Syria and Egypt are considerable vulnerabilities for the banks.
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DineEquity Announces Expansion of Applebee's Franchise Into Egypt
Applebee's to Open Ten Restaurants in Ten Years; Cairo Restaurant Slated to Open by July 2012
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Melrose Resources starts exploration drive
Oil and gas firm Melrose Resources has embarked on a three-year exploration drive involving "high potential" sites.
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Egypt Keeps Benchmark Interest Rate Unchanged to Help Economic Growth
Egypt’s central bank kept its benchmark interest rate at the lowest level in more than four years with the aim of helping the economy.
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Young start-ups shaping Egypt's future
Their country may be struggling to emerge from chaos, but a new generation of young Egyptian entrepreneurs are already forging a high-tech future.
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Malaysia seeks trade opportunities in Egypt
To bolster trade opportunities between Egyptian & Malaysian partners in the field of palm oil, a seminar was held on palm oil last Thursday.
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Egypt's Torah and Helwan cement workers threaten strike if demands go unmet
Workers of Helwan Cement and Torah Cement protested Saturday in front of the Cabinet headquarters.
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Egypt foreign exchange reserves down $10b
Egypt's official foreign exchange reserves fell nearly $10 billion in the first six months of the year from $36 bn to about $26 bn at present.
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Revolution hits Egypt’s telecom sector: report
A new report details the damage done by Egyptian revolution the Egyptian telecoms sector, the Press Trust of India reported Tuesday.
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CI Capital cuts Mobinil’s fair value to EGP 121, assigns “Underweight”
CI Capital Research (CICR) reduced the fair price of the Egyptian Company for Mobile Services (Mobinil) by 14% to EGP121.
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Competition muscles Orascom Telecom in Burundi
Econet Burundi's mobile phone subscribers rose by 140 per cent to 600,000 in July year-on-year, the operator said.
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Egyptian stocks slip on non-Arab selling
For the third day in a row, Egypt's main index was in the red on Thursday on non-Arab selling, traders said.
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Citadel Capital invites shareholders to EGM on August 3
Citadel Capital’s Board of Directors invites the Firm’s shareholders to attend the Extraordinary General Meeting on Wednesday 3 August 2011.
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IMF loans would lead to subordination, says expert
Economic expert Mustafa Al-Nasharty disagreed with Egypt’s new finance minister, Al-Beblawy, who said he has not ruled out borrowing money from IMF.
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Elsewedy expected to benefit from abroad
Egypt's Elsewedy Electric is expected to benefit from improving demand in Saudi Arabia and Qatar's construction sector, AlembicHC said yesterday.
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Egypt Keeps Benchmark Interest Rate Unchanged to Help Economic Growth
Egypt’s central bank kept its benchmark interest rate at the lowest level in more than four years with the aim of helping the economy.