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Egypt buys 1.1 mn tons of local wheat, supply ministry says

Egypt buys 1.1 mn tons of local wheat, supply ministry says

ABU DHABI — Egypt has bought 1.1 million tons of local wheat so far in the 2011/2012 season despite diesel shortages…
EU wants free trade negotiations to follow Egypt election

EU wants free trade negotiations to follow Egypt election

An annual European Union report issued Wednesday urged Egypt to reach a fair trade agreement similar to those the bloc…
IMF calls on Egypt to solve economic problems that led to revolution

IMF calls on Egypt to solve economic problems that led to revolution

The International Monetary Fund on Tuesday called on Egypt to “look beyond the short term” and to address the economic…
New budget sets 4% growth target

New budget sets 4% growth target

The government aims to achieve a growth rate of between 4 and 4.5 percent during the 2012/2013 fiscal year, said…
Update: Telecom Egypt, GB Auto and Egypt’s Talaat Moustafa Q1 profit climbs

Update: Telecom Egypt, GB Auto and Egypt’s Talaat Moustafa Q1 profit climbs

Talaat Moustafa Group, an Egyptian real estate company, reported a 2.5 percent rise in its net profit in the first…
Orascom Telecom Q1 net profit seen at US$45 mn

Orascom Telecom Q1 net profit seen at US$45 mn

Orascom Telecom (OT) is expected to post a first-quarter net profit of US$45 million on Monday, following a net loss…
Deficit expected to swell with new budget

Deficit expected to swell with new budget

  Prime Minister Kamal al-Ganzouri will hold a ministerial meeting on Saturday to discuss the budget for the coming fiscal…
Egypt gets US$1 bn from Saudis, clearing IMF hurdle

Egypt gets US$1 bn from Saudis, clearing IMF hurdle

Saudi Arabia has transferred US$1 billion to Egypt's central bank, an Egyptian minister said on Thursday, in a move seen…
Govt sources anticipate free trade zone with Sudan and UAE

Govt sources anticipate free trade zone with Sudan and UAE

Prime Minister Kamal al-Ganzouri will soon announce the establishment of a free trade zone between Egypt, Sudan and the United…
New budget would boost spending by 15 percent

New budget would boost spending by 15 percent

The Finance Ministry has submitted a draft budget to the cabinet that would increase spending by 15 percent in the…
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