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Egypt bourse slumps to new 2013 low on currency woes

Egypt bourse slumps to new 2013 low on currency woes

Cairo's bourse fell to a new 2013 low on Wednesday as foreign investors sold stocks on fears that Egypt's currency…
Arab League: Political unrest behind lackluster foreign investment

Arab League: Political unrest behind lackluster foreign investment

Foreign direct investment in Arab countries dropped from US$90 billion in 2010 to $43 billion in 2011, pushing the region's…
Cabinet mulling FJP privatization plan

Cabinet mulling FJP privatization plan

An unnamed official revealed the Cabinet is mulling a Freedom and Justice Party proposal to privatize portions of public companies…
Wheat imports to fall 8-10 pct in 2013

Wheat imports to fall 8-10 pct in 2013

Officials plan to cut state wheat imports this year by around 10 percent, with the world's largest grain importer relying…
Egypt seeking US$465 million loan from Arab Monetary Fund

Egypt seeking US$465 million loan from Arab Monetary Fund

Officials are in negotiations for a US$465 million from the Arab Monetary Fund, said Finance Minister Morsy Hegaz in an…
Egypt to reintroduce deposit operations, cancels repos

Egypt to reintroduce deposit operations, cancels repos

Egypt's central bank said on Monday it intended to reintroduce deposit operations as a way to absorb excess liquidity, starting…
More than LE130 bn in tax revenue received over nine months

More than LE130 bn in tax revenue received over nine months

Egypt collected LE132.1 billion in tax revenue from July to 31 March, said Mamdouh Omar, head of the Egyptian Tax…
Altimo subsidiary offers to buy Orascom Telecom

Altimo subsidiary offers to buy Orascom Telecom

The Egyptian Exchange said on Sunday a subsidiary of Russian billionaire Mikhail Fridman's Altimo had offered to buy 100 percent…
Egypt calls in favors as credit crunch hits key imports

Egypt calls in favors as credit crunch hits key imports

Egypt has hit breaking point in its ability to pay for imports of oil, wheat and other basic commodities, forcing…
IMF mission to visit Egypt in early April for loan talks

IMF mission to visit Egypt in early April for loan talks

The International Monetary Fund said on Thursday it would visit Egypt in the "first days of April" for talks with…
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