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Stock exchange at 7-month high as Egypt to accept US$3.2 bln IMF loan in March

Stock exchange at 7-month high as Egypt to accept US$3.2 bln IMF loan in March

Egypt's stock exchange hit a seven-month high after the finance minister said it will sign a US$3.2 billion loan agreement…
Egypt to offer US$500 mln in 1-year T-bills

Egypt to offer US$500 mln in 1-year T-bills

The Central Bank said on Sunday it would offer $500 million in dollar-denominated 1-year treasury bills at an auction on…
Egypt to sign IMF loan next month, minister says

Egypt to sign IMF loan next month, minister says

Egypt expects to sign a US$3.2 billion loan agreement with the International Monetary Fund next month and will receive one-third…
Egypt’s unemployment rate rises to 12.4%

Egypt’s unemployment rate rises to 12.4%

Egypt's fourth quarter unemployment rate rose by two percentage points from the previous quarter, the government’s statistics office said on…
Egypt’s GASC buys 180,000 tons US wheat

Egypt’s GASC buys 180,000 tons US wheat

Egypt, the world's largest wheat importer, has bought 180,000 tons of US soft red winter wheat for 11-20 April shipment…
Steel and cement prices rise in January

Steel and cement prices rise in January

The prices of steel and Portland cement rose in January by around 2 percent and 11 percent, respectively, compared to…
Government prepares to sell US$2 bn in Islamic bonds, says scholar

Government prepares to sell US$2 bn in Islamic bonds, says scholar

The government, seeking to head off a funding crisis, is preparing to raise about US$2 billion through its first issue…
Stock exchange asks OTMT for details on Mobinil deal

Stock exchange asks OTMT for details on Mobinil deal

Egypt’s stock exchange has asked Orascom Telecom Media and Technology for more details on a deal for France Telecom to…
Looming devaluation of Egyptian pound may have lasting effects

Looming devaluation of Egyptian pound may have lasting effects

With a loan deal between Egypt and the International Monetary Fund still uncertain and foreign investors still wary of returning,…
Orascom Telecom to pay dividend from Mobinil proceeds

Orascom Telecom to pay dividend from Mobinil proceeds

Egypt's Orascom Telecom Media Technology (OTMT) said on Monday it would give shareholders much of the US$1 billion it stands…
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