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  • *Health Ministry considering increasing prices of finished drugs. CAIRO, Feb 10- Nahed Ibrahim has scoured Egypt in vain to find a regular supply of medication to help her mother to recover from a stroke she suffered four months ago, since then the 75- year-old has struggled to follow conversations. A weaker currency has also made it more expensive to import raw...

  • *Market awaiting USDA supply outlook for trading cues. SYDNEY, Feb 8- U.S. soybeans fell to a 10- day low on Monday as rains across Argentina eased fears over dry weather curbing yields, although trading was light due to Lunar New Year holidays. Chicago Board of Trade front-month soybeans were unchanged at $8.67-1/ 2 a bushel by 0238 GMT, near a session low of $8.67, the...

  • SYDNEY, Feb 8- U.S. soybeans dipped to a 10- day low in Asian trade on Monday as rains in Argentina relieved pressure on crops, although trading was muted amid Lunar New Year holidays. *Chicago Board Of Trade front-month soybeans eased slightly to $8.67 a bushel, the lowest since January 29. *Front-month corn rose 0.1 percent to $3.66 a bushel, having earlier hit a low of...

  • DUBAI, Feb 7- Stock markets in Saudi Arabia and Egypt slipped in early trade on Sunday, erasing some of their gains in the previous session after oil prices reversed and global markets sold off at the end of last week. Saudi Cement rose 2.0 percent after the company recommended a dividend distribution of 3.00 riyals per share for the second half of 2015, versus a...

  • Chicago, Feb 5- U.S. wheat futures slumped for a second session on Friday, anchored by ample global supplies and after top importer Egypt canceled a tender for the second time this week. Corn and soybeans were also lower at the Chicago Board of Trade, with all three markets on pace for a weekly decline ahead of a U.S. Department of Agriculture supply and demand...

  • DUBAI, Feb 4- Stock markets in Saudi Arabia and Egypt rose in early trade on Thursday as a second day of rising oil prices helped to revive risk appetite. Saudi Basic Industries, the largest petchem by market value, jumped 3.0 percent. However, strength in Saudi stocks late on Wednesday was accompanied by lower trading volumes, suggesting the index is still in an...

  • *Could lead to joint venture to restore flights with Russia. CAIRO, Feb 2- An Egyptian airline plans to buy up to 10 Russian-made jets in a deal with Sukhoi Civil Aircraft that could also see the creation of a tour agency to restore flights between the two countries that were suspended after a plane crash last year. An Egyptian source said the deal included the...

  • *Traders shaken by mixed signals from Egypt. *Egypt is world's biggest importer. Wheat supplies, critical to a bread subsidy programme that feeds tens of millions, are a red line in Egypt, the most populous Arab country.

  • CAIRO— Egypt has placed new import duties on luxury goods, applying a presidential decree aimed at steering demand toward local products. Cairo airport official Mohammed Mahmoud says Sunday that the decree issued last week raises taxes 10 percentage points to 40 percent. The move comes as Egypt attempts to shore up dollar reserves and make sure they are used...

  • MILAN, Jan 28- Italian lender Banca Monte dei Paschi di Siena posted an annual profit for the first time in five years on Thursday, helped by a change in the way it booked a controversial derivative trade. Monte dei Paschi's swing to a profit for the year as a whole was due to a gain of around 500 million euros from the restatement- requested by market watchdog Consob- of...

  • Al Jazeera America closure marks a quieter Qatar Wednesday, 27 Jan 2016 | 10:14 AM ET

    *Era of Qatar "throwing money" at Al Jazeera over. While the gas-exporting nation is still determined to remain a power broker in the Middle East turmoil, its use of Al Jazeera as a megaphone in support of that goal appears to be on the wane under the young emir, Sheikh Tamim bin Hamad al-Thani, former Qatari officials and Arab commentators say. The days of unstinting...

  • China's tilt toward Iran risks infuriating Saudis Monday, 25 Jan 2016 | 2:05 AM ET
    TEHRAN, IRAN - JANUARY 23: Chinese President Xi Jinping (C) meets with Supreme Leader of Iran Sayyed Ali Khamenei (R) in Tehran, Iran on January 23, 2016.

    China is deepening engagements with Iran after western sanctions against the country were lifted but the closer ties risk infuriating Saudi.

  • DUBAI, Jan 24- Saudi Arabia and Egypt's stock markets rebounded more than 3.0 percent in early trade on Sunday, as investors took solace in the end of week rebound in oil prices and global bourses. Saudi Basic Industries, the largest petrochemical firm, surged 8.5 percent to 67.25 riyals per share. The banking sector's total net income increased 3.8 percent...

  • DIARY- Emerging Markets Economic Events to Feb 2 Thursday, 21 Jan 2016 | 7:02 PM ET

    MONDAY, JANUARY 25 ACCRA- Bank of Ghana announces rate decision- 1100 GMT. TUESDAY, JANUARY 26 JERUSALEM- The Government Companies Authority, which is a part of the Finance Ministry to hold its annual conference on the preformance of state-owned companies and to outline plans to privatise others. ANKARA- Central bank of Turkey will publish the minutes of its...

  • CAIRO, Jan 21- China and Egypt will sign 21 deals on Thursday including a $1 billion financing agreement with Egypt's central bank and a $700 million loan deal with the state-owned National Bank of Egypt. Ministers from the two countries began signing the agreements, many of them memorandums of understanding, at a meeting in Cairo during a visit by Chinese...

  • Arab billionaire says he regrets supporting Trump Tuesday, 8 Dec 2015 | 11:59 AM ET
    Khalaf Al Habtoor

    "When he was talking about Muslims, attacking them ... I had to admit I made a mistake in my supporting Mr. Trump." NBC News reports.

  • JERUSALEM, Dec 7- Israeli firms Delek Group, Ratio Oil, and Isramco Negev said on Monday they would push ahead with talks to export natural gas to Egypt despite an arbitration ruling in a separate deal that has caused anger in Cairo. Egypt also said it would freeze negotiations that involve Delek and its partners focused on plans to send gas the other way, from...

  • Molotov blast kills 16 people in Cairo: Officials Friday, 4 Dec 2015 | 5:23 AM ET
    A skyline view of Cairo, Egypt

    A Molotov cocktail hurled at a Cairo restaurant killed 16 people and wounded two on Friday, Egyptian security officials said.

  • A Middle East market that may have a silver lining Sunday, 29 Nov 2015 | 2:02 PM ET
    A skyline view of Cairo, Egypt

    After years of social and economic upheaval, Egypt, the most populous in the Middle East, appears to be on a road to recovery.

  • The impact of the US worldwide travel alert Tuesday, 24 Nov 2015 | 10:14 AM ET

    The U.S. State Department issued a "worldwide travel alert" late on Monday, in the latest security red flag for global tourism.