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Business Egypt

  • The draft resolution calls for an immediate end to Israeli settlement activity on occupied land that Palestinians want for a state.

  • "We will meet... in January with OPEC and non- OPEC countries and we will coordinate over the method in which the cut will be implemented," Essam Abdul Mohsen Al-Marzouq told reporters on the sidelines of a meeting of the Organization of Arab Petroleum Exporting Countries in Cairo. The Organization of the Petroleum Exporting Countries and non- OPEC producers on Dec....

  • MANILA- Philippines Central Bank monetary policy meeting. PRAGUE- Czech National Bank monetary policy meeting, followed by a statement and a presentation. CHISINAU- National Bank of Moldova announces interest rate decision.

  • *Dubai market trades in narrow range, low volume. *Egypt's Orascom Telecom rebounds on divestment news. DUBAI, Dec 21- Saudi Arabia's stock market rose on Wednesday on the eve of the government's release of its 2017 budget, and Egypt's extended a bull run fuelled by foreign money and last month's float of the Egyptian pound.

  • ZAGREB- Croatia central bank Governor Boris Vujcic to talk on monetary projections and policy plans for 2017- 1000 GMT. SYDNEY- Reserve Bank of Australia to release the minutes of its December monetary policy meeting- 0127 GMT. BUDAPEST- Hungarian Central Bank rate-setting meeting- 1300 GMT.

  • ROME- EU Commissioner Jyrki Katainen, Italian Economy Minister Pier Carlo Padoan and the head of Italy's state fund Cassa Depositi e Prestiti Fabio Gallia to take part in an event at Italy's Treasury in Rome- 1000 GMT. SEOUL- Britain's Chancellor of the Exchequer will meet South Korean Deputy Prime Minister for Economic Affairs Yoo Il-ho, South Korean Foreign...

  • The Egyptian Aviation Investigation Committee has found traces of explosives on the remains of victims from the Egyptair flight MS804.

  • CAIRO, Dec 14- Growing lettuce in the desert is not most people's idea of how to make a success of farming, but Amr Bassiouny believes he is on to something. The 30- year-old chief executive of Egyptian Hydrofarms says he is growing salad greens at his farm on the outskirts of Cairo using 90 percent less water than traditional methods, and at the same time obtaining...

  • *Dubai rises in healthy volume. *Abu Dhabi bolstered by strong gains in FGB, NBAD. DUBAI, Dec 7- Stock markets in the United Arab Emirates outperformed the region on Wednesday while investors booked profits in Saudi Arabian petrochemical shares and Egyptian blue chips.

  • *Abu Dhabi swings higher in volatile session. DUBAI, Dec 6- The petrochemical sector helped carry Saudi Arabia's stock market to a fresh one-year closing high on Tuesday after crude oil prices hit a 17- month peak, while Egypt's market followed global shares upwards. The petrochemical sector stayed strong; it has been contributing to the market's positive...

  • LONDON, Dec 6- The head of Europe's police agency said it would "look again" at the largest migrant shipwreck in the Mediterranean this year after an investigation by Reuters and BBC Newsnight exposed a gap in the response by law enforcement. The survivors, who eventually reached Greece on April 16, said that the smugglers abandoned the scene, leaving up to 100...

  • LONDON, Dec 6- The head of Europe's police agency said it would "look again" at the largest migrant shipwreck in the Mediterranean this year after an investigation by Reuters and BBC Newsnight exposed a gap in the response by law enforcement. The survivors, who eventually reached Greece on April 16, said that the smugglers abandoned the scene, leaving up to 100...

  • LONDON, Dec 6- The head of Europe's police agency said it would "look again" at the largest migrant shipwreck in the Mediterranean this year after an investigation by Reuters and BBC Newsnight exposed a gap in the response by law enforcement. The survivors, who eventually reached Greece on April 16, said that the smugglers abandoned the scene, leaving up to 100...

  • Protests at the agency's Cairo headquarters- including one man setting himself on fire- have been led by Oromos, the single biggest ethnic group in Ethiopia. The Oromos claim the UN agency has been hostile to their allegations of discrimination, persecution and even torture by the government of Ethiopia. Nevertheless, an increasing number of Oromos in Cairo...

  • *Dubai dragged lower by blue chips. *Egypt's OTMT dumped on CEO departure, North Korea setback. DUBAI, Dec 5- Most stock markets in the Gulf fell on Monday as the mood on global exchanged darkened because of the' No' vote in Italy's referendum on constitutional reform, while Egypt's most heavily traded stock sank on news its chief executive would step down.

  • KHARTOUM, Dec 2- Mohamed Yassin's minimarket occupies a prime spot in Khartoum but its shelves are largely empty as a plummeting currency and slew of subsidy cuts pushes prices up and customers away. Inflation approaching 20 percent and government austerity have fuelled growing discontent and rare protests in Sudan in recent weeks. At the same time, Sudan has...

  • KHARTOUM, Dec 2- Mohamed Yassin's minimarket occupies a prime spot in Khartoum but its shelves are largely empty as a plummeting currency and slew of subsidy cuts pushes prices up and customers away. Inflation approaching 20 percent and government austerity have fuelled growing discontent and rare protests in Sudan in recent weeks. At the same time, Sudan has...

  • KHARTOUM, Dec 2- Mohamed Yassin's minimarket occupies a prime spot in Khartoum but its shelves are largely empty as a plummeting currency and slew of subsidy cuts pushes prices up and customers away. Inflation approaching 20 percent and government austerity have fueled growing discontent and rare protests in Sudan in recent weeks. At the same time, Sudan has...

  • KHARTOUM, Dec 2- Mohamed Yassin's minimarket occupies a prime spot in Khartoum but its shelves are largely empty as a plummeting currency and slew of subsidy cuts pushes prices up and customers away. Inflation approaching 20 percent and government austerity have fueled growing discontent and rare protests in Sudan in recent weeks. At the same time, Sudan has...

  • KHARTOUM, Dec 2- Mohamed Yassin's minimarket occupies a prime spot in Khartoum but its shelves are largely empty as a plummeting currency and slew of subsidy cuts pushes prices up and customers away. Inflation approaching 20 percent and government austerity have fuelled growing discontent and rare protests in Sudan in recent weeks. At the same time, Sudan has...