Business Egypt

  • CAIRO, Sept 22- Egypt said it will consider auctioning its fourth-generation licenses on the international market after all three of the country's existing mobile phone operators turned down an offer to acquire them. Egypt, one of Africa's largest markets, is selling four 4 G licenses as part of a long-awaited plan to reform the telecoms sector and raise...

  • CAIRO, Sept 22- Egypt said it will consider auctioning its fourth-generation licences on the international market after all three of the country's existing mobile phone operators turned down an offer to acquire them. Egypt, one of Africa's largest markets, is selling four 4 G licences as part of a long-awaited plan to reform the telecoms sector and raise...

  • *Egypt reserves expected to exceed $25 billion by year-end. CAIRO, Sept 22- Egypt is rebuilding its foreign reserves with the help of loans and aid, easing a shortage of dollars and preparing the way for a loosening of its fixed exchange rate. Egypt has struggled to earn dollars since a 2011 revolt drove away tourists and foreign investors.

  • THURSDAY, SEPTEMBER 22 BUDAPEST- Hungarian Business Leaders Forum's Financial Summit 18 conference, titled "Breakout Brexit" JAKARTA- Indonesia central bank interest rate decision- 0700 GMT ANKARA- Turkey central bank monetary policy meeting- 1100 GMT PRETORIA- South African Reserve Bank interest rate decision- 1300 GMT CAIRO- Central bank of Egypt monetary...

  • *Egypt cancelled 3 consecutive wheat tenders after ban. CAIRO, Sept 21- Egypt has reversed its controversial zero-tolerance policy on the common grains fungus ergot, the government said on Wednesday, backtracking on an import regulation that had all but blocked its access to global wheat. Egypt, the world's largest buyer of wheat, has seen its imports grind to a...

  • *Egypt cancelled 3 consecutive wheat tenders after ban. CAIRO, Sept 21- Egypt has reversed its controversial zero-tolerance policy on the common grains fungus ergot, the government said on Wednesday, backtracking on an import regulation that had all but blocked its access to global wheat. Egypt, the world's largest buyer of wheat, has seen its imports grind to a...

  • *Egypt cancelled 3 consecutive wheat tenders after ban. CAIRO, Sept 21- Egypt has reversed its controversial zero-tolerance policy on the common grains fungus ergot, the government said on Wednesday, backtracking on an import regulation that had all but blocked its access to global wheat. Egypt, the world's largest buyer of wheat, has seen its imports grind to a...

  • CAIRO— Egypt has lifted a ban on even trace amounts of fungus in its wheat imports, after sellers enraged by Cairo's demands boycotted tenders, threatening the supply of the world's largest importer of the grain. Wednesday's announcement by the Cabinet reinstates rules allowing imported wheat cargoes to contain up to 0.05 percent of ergot, a common fungus that...

  • SINGAPORE, Sept 20- Chicago soybeans rose for a fourth straight session on Tuesday as excessive rains in parts of the U.S. Chicago Board Of Trade most-active soybean contract rose 0.7 percent to $9.79-1/ 4 a bushel by 0300 GMT. Earlier in the session it rose to $9.83, its highest since Sept. 12.

  • TUESDAY, SEPTEMBER 20 BUENOS AIRES- Sweden's Riksbank Governor Stefan Ingves will hold a speech on cash usage in Sweden and the Riksbank's role in promoting an efficient payments system at a conference arranged by the central bank of Argentina- 1145 GMT BUDAPEST- Hungarian central bank rate-setting meeting- 1200 GMT ABUJA- Central bank of Nigeria interest...

  • CAIRO— An Egyptian Cabinet minister says the government is negotiating a $4 billion loan with China. Egypt and the International Monetary Fund reached a provisional agreement last month on a $12 billion loan over three years to overhaul the country's ailing economy. Egypt must secure at least $5 billion in bilateral loans to get the IMF funds.

  • CAIRO, Sept 18- Egypt's agriculture ministry has formed a high level committee to try and resolve a trade standoff with Russia over agricultural commodities, the ministry said on Sunday. Russia said on Friday it would temporarily suspend imports of fruit and vegetables from Egypt starting Sept. 22. Egypt is the biggest buyer of Russian wheat and Russia is a top...

  • ABU DHABI/ CAIRO, Sept 16- Egypt was unable to garner a single offer from wheat suppliers at its state grain tender on Friday, forcing it to cancel and raising renewed questions about its ability to tap global wheat markets while maintaining a ban on ergot fungus. Friday's cancelation comes amid a flurry of cargoes either rejected or held from export since Egypt...

  • THURSDAY, SEPTEMBER 15 LONDON- Kenya-UK Trade and Investment Forum featuring Kenya central bank Governor Patrick Njoroge, Kenya Finance Minister Henry Rotich and Foreign Minister Amina Mohamed. Speakers: Hungarian central bank Governor Gyorgy Matolcsy, Deputy Governor Marton Nagy, Hungarian Banking Association Chairman Mihaly Patai and Hungarian...

  • The Royal Dutch Airlines' statement, posted on its website Wednesday, says the devaluation of the Egyptian pound and restrictions imposed by the country's central bank on the transfer of foreign currency out of Egypt are behind the decision. It says its Cairo- Amsterdam service will be suspended from Jan. 8. Egypt is widely expected to devalue or float its...

  • BANGKOK- Bank of Thailand monetary policy committee meeting- 0730 GMT. ZAGREB- Croatia National Bank monetary policy meeting. THURSDAY, SEPTEMBER 15 LONDON- Kenya-UK Trade and Investment Forum featuring Kenya central bank Governor Patrick Njoroge, Kenya Finance Minister Henry Rotich and Foreign Minister Amina Mohamed.

  • TUESDAY, SEPTEMBER 13 OSTRAVA, Czech Republic- Czech National Bank Governor Jiri Rusnok to give a lecture on "Monetary policy in the years 2017-2018: exit and developments beyond"- 0800 GMT. ECB governing council member Ewald Nowotny, Sveriges Riksbank Deputy Governor Cecilia Skingsley, Argentina central bank Governor Federico Sturzenegger, People's Bank of...

  • MONDAY, SEPTEMBER 12 TORONTO- Toronto Global Forum- An international conference which fosters dialog on national and global issues, held under the auspices of the International Economic Forum of the Americas. Speakers: Panama Finance Minister Dulcidio de la Guardia, International Monetary Fund Managing Director Christine Lagarde and World Bank Managing...

  • JOHANNESBURG, Sept 8- Human rights groups slammed the World Bank on Thursday over an internal report on Zimbabwe that suggested it would be a sign of "political development" for the country if its poor human rights record did not get any worse. In the leaked July 27 document, seen by Reuters and reported by some African media, the Washington- based bank laid out a...

  • *Qatar hit by profit-taking from rally on FTSE. DUBAI, Sept 8- Petrochemical shares supported Saudi Arabia's stock index on Thursday, benefiting from a bounce-back in crude oil prices, while Qatar underperformed as investors sold shares which had risen over the past month. "Investors are taking note of the slight improvement in oil prices and the fact that...