Saturday 20 September 2014
 
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Egyptian

GB Auto boosted by record sales revenues

  Egyptian vehicle assembler and distributor GB Auto said that its first quarter net income surged 160.1 percent, boosted by record sales revenue.   "Our g

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EFG-Hermes 2011 profit tumbles 63pc

Egyptian bank EFG-Hermes  reported a 63 percent drop in 2011 net profit on Sunday as the economic fallout from uprisings across the Middle East pushed down brokerage, investment banking and asset management revenue. Net income before

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EFG-Hermes 2011 profit tumbles 63pc

Egyptian bank EFG-Hermes  reported a 63 percent drop in 2011 net profit on Sunday as the economic fallout from uprisings across the Middle East pushed down brokerage, investment banking and asset management revenue. Net income before

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Etisalat unit delays Egypt listing

Etisalat Misr, the Egyptian arm of Abu Dhabi-based telecoms group Etisalat , has delayed a listing on Egypt's stock exchange until market conditions improve, daily newspaper al-Mal quoted the head of Etisalat Misr as saying. Political

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Zawahri takes over as leader of Al Qaeda

Osama bin Laden's long-time lieutenant Ayman Al-Zawahri has taken command of Al Qaeda after the killing of the group's founder and leader, an Islamist website said on Thursday. Egyptian-born Zawahri had vowed earlier this month to press ah

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Egypt pound stable after cbank intervention

The Egyptian pound inched down only slightly in early trade on Wednesday after the central bank stepped in to boost the currency by more than 1 percent in the previous session after it hit a six-year low. The currency has been falling stea

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Egyptians demand affordable homes

Hundreds of Egyptians demanding cheaper apartments rallied outside a government office on Monday, emboldened to press their case by mass demonstrations calling for the overthrow of President Hosni Mubarak. Many stood for hours outside the

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Egypt's Mo'men to sell 40pc stake

Egypt's fast food group Mo'men plans to sell 40 per cent of its shares in an initial public offering (IPO) in late 2012, its chairman said, a rare potential offering on a bourse that has had just one IPO in two years. Mohammad Mo&#

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Egyptian spy suspect's death probed

A British coroner has begun an inquest into the mysterious death of a wealthy Egyptian businessman suspected of involvement in Middle East espionage. Ashraf Marwan fell to his death from the fourth floor balcony of his London apartment in

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Egypt's Ezz Steel plans capital increase

Egypt’s Ezz Steel, the largest maker of finished steel products in the Middle East and North Africa, said it was planning a capital increase through a rights issue. The company said in a statement it was seeking the approval of the &

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