Saturday 29 November 2014
 
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Egypt

Qalaa to issue $560m shares by May for restructuring

Egypt's Qalaa Holding will issue shares worth four billion Egyptian pounds ($560 million) by May next year to advance a major restructuring of the loss-making investment fund, a company official said. Qalaa, one of Egypt's

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Dana Gas in talks with Egypt over revising gas prices

The UAE-based Dana Gas said it was in talks with the Egyptian government to secure a higher price for some of the natural gas it extracts, as the North African country moves to encourage investment in energy.   S

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Dana Gas in talks with Egypt to hike gas prices

UAE-based Dana Gas said it was in talks with the Egyptian government to secure a higher price for some of the natural gas it extracts, as the North African country moves to encourage investment in energy. Steadily declining gas pr

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Mobinil, Ericsson expand networking partnership

Mobinil, a leading mobile phone operator in Egypt, has chosen Ericsson to enhance its network by providing improved data services to its subscribers. Ericsson employees in Egypt and the Middle East region will provide professional servi

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Arabtec board changes hit $40bn Egypt housing project

Negotiations to implement a $40-billion scheme for one million new homes in Egypt have been slowed by board changes at the Dubai-based contractor Arabtec Holding, Egypt's housing minister said on Thursday. But Mostafa Madbouly

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Kcal to open healthy fast food outlets in Egypt

Dubai-based healthy fast food brand Kcal is set to open its first flagship outlet in Egypt, following the recently global expansion plans announcement. The roll-out will encompass 14 branches within the country, said a statement.

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Kcal to open healthy fast food outlets in Egypt

Dubai-based healthy fast food brand Kcal is set to open its first flagship outlet in Egypt, following the recently global expansion plans announcement. The roll-out will encompass 14 branches within the country, said a statement.

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18 killed in Cairo building collapse

An eight-floor residential building collapsed overnight in Cairo, killing at least 18 people and injuring seven others, security sources said on Tuesday, adding that the casualty figure was expected to rise. Emergency services, so

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Al Baraka’s Egypt unit posts 41pc income rise

Al Baraka Bank Egypt, a subsidiary of Bahrain-based Al Baraka Banking Group (ABG), has posted a 41 per cent increase in net income for the first nine months of the year to $24 million. The total assets also increased by 15 per cen

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Abraaj raises offer price for Bisco Misr

The UAE-based Abraaj Investment Management has increased the price it is offering shareholders of Bisco Misr to buy the Egyptian company, Abraaj said in a statement. Abraaj is now offering E£79.10 ($11.06) a share for a tota

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