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Remittances from Egyptians abroad rise by 13.8 pct since November

Remittances from Egyptians abroad rise by 13.8 pct since November

Remittances from expatriate Egyptians have risen 13.8 percent since the central bank floated the pound in November, the central bank…
Saudis take 100% control of America’s largest oil refinery

Saudis take 100% control of America’s largest oil refinery

Saudi Aramco, the kingdom's state-owned oil behemoth, took 100% control of the sprawling Port Arthur refinery in Texas on Monday,…
Egypt seeks negotiations over compensation to Israel in gas row

Egypt seeks negotiations over compensation to Israel in gas row

Egypt's government is considering offers to open negotiations with Israel again in an attempt to drop the international arbitration fine…
Manufacturers in Egypt turn to local sourcing as prices soar

Manufacturers in Egypt turn to local sourcing as prices soar

In green fields near Egypt's Mediterranean coast, one multinational company is harvesting its first crop of potatoes produced from local…
World stocks pause near record highs

World stocks pause near record highs

Concern about global trade and U.S.
Finance Ministry to add 10% social allowance to workers’ salaries from May

Finance Ministry to add 10% social allowance to workers’ salaries from May

The Finance Ministry approved the disbursement of a 10 percent social allowance for workers, during a meeting with the leaders…
Egypt wheat reserves at 2.6 months, to buy 3.8 mln tons from local harvest

Egypt wheat reserves at 2.6 months, to buy 3.8 mln tons from local harvest

Egypt has about 2.6 months' worth of wheat in its strategic reserves and expects to buy up about 3.8 million…
CEO of world’s largest cement maker to resign after company admits paying Syrian groups

CEO of world’s largest cement maker to resign after company admits paying Syrian groups

LafargeHolcim (LHN.S) Chief Executive Eric Olsen will leave the company in July after the world's largest cement maker admitted on…
HSBC wins mandate on $100 bln Saudi Aramco IPO: CEO

HSBC wins mandate on $100 bln Saudi Aramco IPO: CEO

HSBC Holdings Plc (HSBA.L) has been formally mandated as an adviser on the initial public offering of Saudi Arabia's national…
30 projects worth $20 billion to be established in Suez Canal Economic Zone: official

30 projects worth $20 billion to be established in Suez Canal Economic Zone: official

Egypt will establish 30 projects in the Suez Canal Economic Zone with investments totalling US$20 billion, said President of the Suez Canal…
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