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Business Egypt

  • CAIRO, Feb 13- Egypt's most famous export, the silky soft cotton prized by makers of luxury bedding and clothing, has become so scarce as production has fallen that most supplies sold under its brand name last year were fake. Last year, agricultural production of Egypt's high quality long-staple cotton hit a more than 100- year low. Production has slumped since...

  • *Currency's dive makes imported goods unaffordable for many. CAIRO, Feb 12- Egyptian chocolate spread maker Swifax has doubled its sales and is struggling to keep up with demand since the pound currency dived in November, forcing shoppers traditionally "obsessed with everything foreign" to ditch pricy imports and buy local. "People started changing their...

  • ALEXANDRIA, Egypt, Feb 9- Egypt's Alexandria Mineral Oils Co plans a secondary offering of 10-20 percent of its shares on the Cairo stock market and will also issue 10 percent as global depositary receipts in London, its chairman said. The oil company first floated on the Cairo exchange in 2005 and around 20 percent of its shares are currently listed there.

  • SYDNEY- Reserve Bank of Australia Governor Philip Lowe to speak at the A50 Australian Economic Forum dinner. MEXICO CITY- Central Bank of Mexico monetary policy statement. MANILA- Philippines Central Bank monetary policy meeting.

  • WARSAW- National Bank of Poland monetary policy council meeting. SYDNEY- Reserve Bank of Australia Governor Philip Lowe to speak at the A50 Australian Economic Forum dinner. MEXICO CITY- Central Bank of Mexico monetary policy statement.

  • *Dubai climbs as Emaar Properties jumps on insurance claim. DUBAI, Feb 6- Most stock markets in the Gulf moved little on Monday but United Arab Emirates bourses outperformed with mid-to-large sized companies boosting Dubai, while Egypt's index slipped in thin volume. Dubai's main index added 1.2 percent as Emaar Properties gained 2.7 percent after saying it...

  • WARSAW- National Bank of Poland monetary policy council meeting. BUDAPEST- Hungarian Central Bank non-rate-setting meeting. CANBERRA- Reserve Bank of Australia interest rate meeting- 0330 GMT.

  • *Tourism in Paris has suffered from Islamist militant attacks. Police inquiries had established that the man, who was hovering between life and death after being shot, was a 29- year-old Egyptian who arrived in France on Jan. 26 after obtaining a tourist visa in Dubai, the Paris prosecutor said. Police have searched an apartment the man had rented in Paris and are...

  • MOSCOW- Central Bank of Russia interest rate decision. WARSAW- National Bank of Poland monetary policy council meeting. BUDAPEST- Hungarian Central Bank non-rate-setting meeting.

  • LJUBLJANA- European Central Bank President Mario Draghi to give a speech at the joint ECB/ Bank of Slovenia conference on the 10th anniversary of the adoption of the euro- 1215 GMT. PRAGUE- Czech National Bank monetary policy meeting, after which a statement and a presentation will be published. WARSAW- National Bank of Poland monetary policy council meeting.

  • *Abu Dhabi's NBAD drops after Q4 results. DUBAI, Feb 1- Shares in two of Abu Dhabi's top banks fell on Wednesday after fourth-quarter earnings, while other Middle East markets hardly moved as global equities and oil prices offered little positive impetus. National Bank of Abu Dhabi slid 5.0 percent after posting a fourth-quarter net profit of 1.33 billion...

  • WASHINGTON, Jan 29- President Donald Trump on Sunday defended his move to ban entry of refugees and people from seven Muslim-majority nations and said the United States would resume issuing visas for all countries in the next 90 days as he faced rising criticism at home and abroad and new protests in U.S. cities. Tens of thousands turned out at protests in cities...

  • Confusion persisted over details of implementation, in particular for green card holders who are legal residents of the United States. In his most sweeping action since taking office on Jan. 20, Trump, a Republican, put a 120- day hold on allowing refugees into the country, an indefinite ban on refugees from Syria and a 90- day bar on citizens from Iran, Iraq, Libya,...

  • But confusion persisted over details of implementation, in particular for green card holders who are legal residents of the United States. In his most sweeping action since taking office on Jan. 20, Trump, a Republican, put a 120- day hold on allowing refugees into the country, an indefinite ban on refugees from Syria and a 90- day bar on citizens from Iran, Iraq, Libya,...

  • In his most sweeping action since taking office on Jan. 20, Trump, a Republican, put a 120- day hold on Friday on allowing refugees into the country, an indefinite ban on refugees from Syria and a 90- day bar on citizens from Iran, Iraq, Libya, Somalia, Sudan, Syria and Yemen. Look what is happening all over Europe and, indeed, the world- a horrible mess! " U.S. Senate Majority...

  • The new Republican president on Friday put a four-month hold on allowing refugees into the United States and temporarily barred travelers from Syria and six other countries. Hundreds of protesters gathered at airports in Dallas, Chicago, New York and elsewhere while inside, anxious family members waited and worried for travelers. They knew Trump had pledged...

  • WASHINGTON/ NEW YORK, Jan 28- President Donald Trump's order for "extreme vetting" of visitors from seven Muslim-majority countries had an immediate impact on people around the world on Saturday, stranding legal residents of the United States and travelers with visas at airports and infuriating Muslims, Iranians and Western allies alike.

  • Lawyers in New York sued to block the order, saying many people have already been unlawfully detained, including an Iraqi who worked for the U.S. Army in Iraq. Melanie Nezer of the Hebrew Immigrant Aid Society, a Jewish group that works with refugees, said she knew of roughly 2,000 who were booked to come to the United States next week. The new Republican president on...

  • Lawyers in New York sued to block the order, saying many people have already been unlawfully detained, including an Iraqi who worked for the U.S. Army in Iraq. Melanie Nezer of the Hebrew Immigrant Aid Society, a Jewish group that works with refugees, said she knew of roughly 2,000 who were booked to come to the United States next week. The new Republican president on...

  • Lawyers in New York sued to block the order, saying many people have already been unlawfully detained, including an Iraqi who worked for the U.S. Army in Iraq. The new Republican president on Friday put a four-month hold on allowing refugees into the United States and temporarily barred travelers from Syria and six other Muslim-majority countries.