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Egypt pound falls to 6-year low after protests

Egypt pound falls to 6-year low after protests

Egypt's pound fell on Wednesday to its lowest level against the US dollar since January 2005 after the biggest anti-government…
Trade Minister: Govt keen on raising workers’ wages

Trade Minister: Govt keen on raising workers’ wages

The government is keen on raising the wages of workers of privatized companies, and on providing health care for them,…
Egypt mulls claiming share of gas reserves found off Israeli coast

Egypt mulls claiming share of gas reserves found off Israeli coast

Egyptian Petroleum Minister Sameh Fahmi on Monday said that the government was thinking about claiming a portion of the natural…
Orascom to do US$141m of work for Emaar Egypt unit

Orascom to do US$141m of work for Emaar Egypt unit

Cairo--Orascom Construction Industries, Egypt's biggest listed builder, said on Monday it has agreed to do LE800 million worth of work…
Govt earmarks LE4.3 billion for neediest villages

Govt earmarks LE4.3 billion for neediest villages

Investments worth LE4.3 billion have been allocated to complement the first phase of the 1000 Villages Poorest Initiative, the Egyptian…
IMF calls on Egypt to abolish subsidies on petroleum products

IMF calls on Egypt to abolish subsidies on petroleum products

The International Monetary Fund (IMF) has projected an increase in Egypt’s inflation rate, which, the organization noted, would further burden…
Egypt says Tunisia turmoil worrying investors

Egypt says Tunisia turmoil worrying investors

An Egyptian government minister warned that investors are beginning to question Egypt's stability due to fears that Tunisia's revolt could…
Egyptian importers protest customs holding goods for months

Egyptian importers protest customs holding goods for months

Dozens of importers of car spare parts protested before the People's Assembly on Sunday against customs authorities who have held…
Egypt’s trade deficit jumps by over 40% in one year

Egypt’s trade deficit jumps by over 40% in one year

Egypt's trade deficit climbed by 42.6 percent in October 2010 compared to the same month in 2009, the Central Agency…
Asian banks and companies compete to win Egypt nuclear tender

Asian banks and companies compete to win Egypt nuclear tender

Korean and Japanese companies and banks announced that they will submit bids for the construction of the first nuclear power…
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