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Global stocks rally as global slowdown fears fade

Global stocks rally as global slowdown fears fade

World shares and bond yields rose on Wednesday as the recent recovery in oil prices and a batch of positive…
Nestle eyes Egypt growth despite dollar squeeze

Nestle eyes Egypt growth despite dollar squeeze

Nestle (NESN.VX) is pushing ahead with plans to invest LE1 billion Egyptian (US$127.71 million) in Egypt in the next few…
OPEC watching Iran, Russia, unlikely to cut output in June

OPEC watching Iran, Russia, unlikely to cut output in June

OPEC is very unlikely to cut output at its next meeting in June, even if prices remain extremely low, according…
‘Belady’ certificates could collect US$3 mn if offered locally: expert

‘Belady’ certificates could collect US$3 mn if offered locally: expert

Economic Expert and Financing Professor Medhat Nafea expects the ‘Belady’ dollar denominated certificate to collect around US$3 billion when offered…
Egypt-Korean Business Council to convene Thursday in S.Korea

Egypt-Korean Business Council to convene Thursday in S.Korea

The ninth session of the Egyptian-Korean Business Council will be inaugurated Thursday in South Korea. President Abdel Fattah al-Sisi will participate…
India pledges billions for farmers in ‘make-or-break’ budget

India pledges billions for farmers in ‘make-or-break’ budget

India pledged to spend US$5.2 billion dollars to double the income of struggling farmers and also boost a rural employment…
China expects to lay off 1.8 million workers in coal, steel sectors

China expects to lay off 1.8 million workers in coal, steel sectors

China said on Monday it expects to lay off 1.8 million workers in the coal and steel industries, or about…
Egypt launches investment scheme to lure expat dollars

Egypt launches investment scheme to lure expat dollars

Egypt launched a new scheme on Monday to encourage millions of Egyptians living abroad to pour their dollar savings into…
Eni to invest US$2 bn in Egypt in 2017: official

Eni to invest US$2 bn in Egypt in 2017: official

The Italian multinational oil and gas company Eni will add US$2 billion to Egypt's investments in the first quarter of 2017 through its Zohr natural gas…
After G20 stalemate, focus turns to signs of growth momentum

After G20 stalemate, focus turns to signs of growth momentum

Investors worried about the risk of a new global recession are hoping that data over the coming week will show…
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