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Algiers halts evaluation of Djezzy, Orascom Telecom shares rise

Algiers halts evaluation of Djezzy, Orascom Telecom shares rise

Shares in Egypt's blue-chip Orascom Telecom (OT) rose on the local stock market on Sunday after it emerged that the…
CBE: Meat and poultry price hikes exceed global standards

CBE: Meat and poultry price hikes exceed global standards

A statement issued Saturday by the Central Bank of Egypt (CBE) admitted that recent hikes in meat and poultry prices,…
Global gold prices reach record high

Global gold prices reach record high

An ounce of gold registered at a record high US$1311 during yesterday’s transactions in Asia. Investors showed eagerness to purchase…
Minister: Egypt’s poverty rate stands at 20%.

Minister: Egypt’s poverty rate stands at 20%.

Egypt’s Minister of Economic Development, Othman Mohamed Othman, said that the government managed to cut down abject poverty rates to…
Wheat prices drop, imports rise

Wheat prices drop, imports rise

The General Authority for Supply Commodities (GASC) announced yesterday that it has organized a public bid to be held Tuesday…
Egypt targets US$10 billion in outsourcing exports

Egypt targets US$10 billion in outsourcing exports

Egypt hopes to see a tenfold increase in exports from its growing outsourcing industry by 2020 and will boost its…
Orascom Algeria CEO questioned by police

Orascom Algeria CEO questioned by police

Egyptian mobile firm Orascom Telecom said on Wednesday its Algerian unit's chief executive had been called in by police for…
Egypt state pension fund to invest in private sector

Egypt state pension fund to invest in private sector

Egypt's state pension fund will begin directing billions of dollars into private investments when a new pension law comes into…
Finance minister tells Euromoney conference Egyptian economy poised for growth

Finance minister tells Euromoney conference Egyptian economy poised for growth

Egyptian Minister of Finance Youssef Botrous Ghali told the Euromoney conference yesterday Egypt’s local economy is expected to enjoy a…
Incoming parliament to discuss draft price-control legislation

Incoming parliament to discuss draft price-control legislation

The government plans to submit nine new draft laws aimed at controlling market prices for discussion in the upcoming session…
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