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  • Egypt replaces EgyptAir chairman after heavy losses Thursday, 27 Aug 2015 | 11:29 AM ET

    CAIRO— Egypt's civil aviation minister says he is replacing EgyptAir's chairman in a bid to return the company to profitability, after it accumulated over a billion dollars in losses since the 2011 uprising that toppled longtime autocrat Hosni Mubarak. El-Hefny said earlier this year that the company accrued losses of up to 10.3 billion Egyptian pounds...

  • CAIRO— Egypt's stock market fell to its lowest level in almost two years on Sunday, as global markets sag and investors sober up from a buying binge surrounding a much-hyped economic conference last spring, analysts said. "It's a global sell-off; there's lack of foreign investments, given the macro-economic headwinds," said Amr Elalfy, global head of research at...

  • *Egypt overturned week-old ban on cotton imports in July. SHUBRA KHEIT, Egypt, Aug 11- Standing waist deep in a cotton field, Egyptian farmer Mohamed Khalil cannot mask his anger; after the agriculture ministry banned cotton imports to help local producers, the cabinet abruptly vetoed the idea- the latest in a series of economic policy U-turns and delays under...

  • Suez Canal expands Friday, 7 Aug 2015 | 10:26 AM ET
    Suez Canal expands

    CNBC's Hadley Gamble reports on the major expansion of the Suez Canal in Egypt this week.

  • Egypt unveils Suez Canal extension Friday, 7 Aug 2015 | 6:45 AM ET

    Egypt's Abdel-Fattah el-Sissi presided Thursday over the unveiling of a major extension of the Suez Canal.

  • The deals tied to Egypt's Suez extension Friday, 7 Aug 2015 | 2:40 AM ET
    The deals tied to Egypt's Suez extension

    CNBC's Hadley Gamble outlines the trade and geopolitical interests surrounding the Suez Canal extension

  • Suez Canal extension: a political move? Friday, 7 Aug 2015 | 1:30 AM ET
    Suez Canal extension: a political move?

    Angus Blair, founder of Signet, says the $8.5 billion Suez Canal extension was partly a move to change internal sentiment in Egypt.

  • ISMAILIA, Egypt, Aug 6- Egypt received a show of international support on Thursday as it inaugurated a major extension of the Suez Canal which President Abdel Fattah al-Sisi hopes will power an economic turnaround in the Arab world's most populous country. The former armed forces chief, who led a military takeover two years ago but ran for president as a civilian...

  • ISMAILIA, Egypt, Aug 6- Egypt staged a show of international support on Thursday as it inaugurated a major extension of the Suez Canal which President Abdel Fattah al-Sisi hopes will power an economic turnaround in the Arab world's most populous country. The former armed forces chief, who led a military takeover two years ago but ran for president as a civilian...

  • ISMAILIA, Egypt, Aug 6- Nationalist celebrations to inaugurate a major extension of the Suez Canal intended to power an economic turnaround began on Thursday when Egyptian President Abdel Fattah al-Sisi boarded a historic yacht to welcome foreign dignitaries. The $8 billion New Suez Canal project was completed in just one year instead of three on Sisi's...

  • NAIROBI, Aug 4- Loss-making Kenya Airways, which has been hit by a slump in tourism in the African country, may require a $500- 600 million bailout, Kenya's finance minister said on Tuesday. The carrier, part-owned by Air France-KLM, has not made a profit in three years and sunk deeper into the red in the year through March with a pretax loss of 29.7 billion shillings.

  • *Egypt to offer new dollar-denominated bonds. CAIRO, Aug 1- Egypt has turned more than half of initial agreements signed at a March investor conference into investment projects, the planning minister said, as Cairo tries to regenerate an economy battered by years of turmoil. Egypt has signed exploration deals worth around $21 billion with global oil companies...

  • NAIROBI, July 30- Kenya Airways sunk deeper into the red in the year through March, sending its shares plummeting on Thursday, but CEO Mbuvi Ngunze said the tourism slump that sparked the losses may have bottomed out. The carrier, one of Africa's largest, said its pretax loss widened to 29.71 billion shillings for 2014/ 15, from 4.86 billion shillings a year earlier,...

  • Egypt confounds wheat thieves with hi-tech U.S. storage Wednesday, 8 Jul 2015 | 11:36 AM ET

    ALEXANDRIA, Egypt, July 8- A move to store Egypt's wheat in state-of-the-art warehouses monitored by a control center in Cairo could end losses from theft and waste, cutting its $3 billion bread subsidy bill, an executive at the U.S. firm designing the project said. Blumberg Grain, a family-owned food storage firm based in Florida, signed a $28 million contract with...

  • WITNESS-A front-row seat as Libya's hopes faded Wednesday, 8 Jul 2015 | 5:48 AM ET

    But the episode shows how Libya had changed since rebels toppled Muammar Gaddafi in August 2011. Back then, young fighters in Tripoli had celebrated into the night after they seized Gaddafi's Bab Aziziya compound. Libya is split between two rival governments: an official one, which has decamped to Tobruk in the east, and an unrecognized one in the capital Tripoli.

  • CAIRO, July 1- After a year in power, Egyptian President Abdel Fattah al-Sisi's aura of invincibility may be fading as he comes under closer scrutiny from a public growing impatient with the same social inequalities that triggered a mass uprising in 2011.. I'm fed up with this entire country, "complained a 35- year-old food cart owner at a crowded market in...

  • CAIRO, June 17- One of Egypt's top dairy makers, Arabian Food Industries Co., plans an initial public offering on the Cairo bourse this year, or early in 2016, its vice CEO said. As well as Edita's IPO, cheesemaker Arab Dairy drew keen foreign interest before being bought eventually in March by Egyptian financial services firm Pioneers Holding.

  • Egypt's economy: On the road to recovery? Friday, 12 Jun 2015 | 6:30 AM ET
    Egypt's economy: On the road to recovery?

    Egypt's economy is showing signs of significant growth. Angus Blair, president of the Signet Institute, weighs in on its current state.

  • MELBOURNE, June 12- London copper firmed a touch on Friday from near three month lows hit the session before, and was facing its fourth consecutive weekly fall as worsening economic indicators from top consumer China cast a pall over the demand outlook. *The International Monetary Fund dramatically raised the stakes in Greece's stalled debt talks on Thursday,...

  • *Two attacks in eight days on top destinations. CAIRO, June 11- After a violent campaign directed at security forces, Egyptian militants appear to be zooming in on President Abdel Fattah al-Sisi's most vulnerable point: the economy. Security forces on Thursday dismantled a bomb found at the entrance of the supplies ministry in Cairo, state news agency MENA said.