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Egypt market plunges after deadly football riots

Egypt market plunges after deadly football riots

Egypt's benchmark stock index plunged within minutes of the start of trade Thursday as deadly soccer riots the night before…
EU pledges US$650 million in aid to Egypt

EU pledges US$650 million in aid to Egypt

The European Union will give Egypt a financial aid package worth US$650 million, Egyptian Minister of Finance Momtaz al-Saeed said…
Direct foreign investments rise in first quarter of FY2011/12

Direct foreign investments rise in first quarter of FY2011/12

Direct foreign investments (FDI) in Egypt in the first quarter of fiscal year 2011/2012 have more than tripled, increasing by…
Govt: Poverty rate increased to 25.2 percent of population

Govt: Poverty rate increased to 25.2 percent of population

Egypt's poverty increased to encompass 25.2 percent of the population in 2010-2011 as compared to 21.6 percent in 2008-2009, the…
Minister: Canceling industrial zone agreement would harm Egypt

Minister: Canceling industrial zone agreement would harm Egypt

Canceling an agreement that allows companies to export products with Israeli components duty-free to the US would harm Egypt, Trade…
Government devises new economic reform program

Government devises new economic reform program

The government has put the final touches on a new economic reform program to resolve the current economic crisis. Government…
Egypt’s stock market rallies after peaceful demonstrations

Egypt’s stock market rallies after peaceful demonstrations

Egypt's stock exchange continued its rally on Sunday after a 7 percent surge in the previous session on relief that…
Egypt to seek US$1 bln in loans from World Bank, African Development Bank

Egypt to seek US$1 bln in loans from World Bank, African Development Bank

Egypt plans to officially apply for US$1 billion in loans from the World Bank and the African Development Bank, the…
Qatar waiting for ‘stability’ before launching Egypt investment projects

Qatar waiting for ‘stability’ before launching Egypt investment projects

Qatar has not invested the promised US$10 billion in Egypt due to the latter’s instability, said Qatari Foreign Minister Khaled…
Farmers in limbo after stalled promises of loan forgiveness

Farmers in limbo after stalled promises of loan forgiveness

In a speech made in the midst of December clashes between protesters and military and security forces, Prime Minister Kamal…
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