Egypt
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Equity index provider MSCI on Tuesday lowered Greece to emerging market from developed market status, citing failure to qualify on several criteria for market accessibility.
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CAIRO, June 17- Does Egypt face a new revolution? Millions hope so, it seems; they have signed a national petition demanding the president resign and plan to take to the streets on June 30, when Mohamed Mursi marks a year in office.
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CAIRO, June 17- Does Egypt face a new revolution? Millions hope so, it seems; they have signed a national petition demanding the president resign and plan to take to the streets on June 30, when Mohamed Mursi marks a year in office.
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CAIRO, June 17- Does Egypt face a new revolution? Millions hope so, it seems; they have signed a national petition demanding the president resign and plan to take to the streets on June 30, when Mohamed Mursi marks a year in office.
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CAIRO-- Egypt's president on Sunday appointed 17 new provincial governors, including seven members of his Muslim Brotherhood, adding to its already considerable power in the legislative and executive branches.
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TORONTO, June 14- National security concerns have delayed the Canadian government's approval of two deals that would solidify Vimpelcom Ltd's ownership of wireless carrier Wind Mobile, a Canadian newspaper reported on Friday, citing unnamed sources.
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CAIRO/ LONDON, June 13- A plan by Egypt's Islamist-led government to develop the land along the Suez Canal faces fierce opposition in districts that have been flashpoints for violence before, and may even threaten traffic on the strategic waterway.
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Early in Egypt's wheat harvest President Mohammed Morsi said the crop would be 30 percent higher than last year, and the country is on track to be self-sufficient in the grain. SHORTFALL: Now experts and famers doubt the harvest will meet the predictions. Recently Egypt has faced fuel shortages, water and electricity cuts and rising food prices.
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GENEVA- The death toll in Syria reached at least 93,000 at the end of April, but the true number from the violence now in its third year may be much higher, the United Nations human rights office said on Thursday.
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WASHINGTON, June 12- The World Bank said eventual monetary tightening in advanced economies could crimp growth in emerging markets as interest rates rise, lowering the nations' potential output by as much as 12 percent. Federal Reserve begins its exit from ultra-loose monetary policies, said Kaushik Basu, the World Bank's chief economist.
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DUBAI, June 12- After several sluggish years, mergers and acquisitions activity within the Middle East is showing signs of revival, giving hope to global banks which scaled back their regional operations because of a dearth of deal flow.
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LONDON, June 12- MSCI, the most widely used equity index provider, prompted market fears about both Greece and Egypt on Wednesday, after demoting the former and then raising concerns about getting money out of the latter.
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*Energy shortages in former exporter Egypt. CAIRO, June 11- A gift of gas to Egypt from tiny Qatar shows just how tough this summer is shaping up to be for the government in Cairo, facing a funding crunch and power cuts as it struggles to contain explosive public discontent.
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TOKYO, June 10- Japanese trading house Marubeni Corp said it will cut Gavilon's energy business out of its planned takeover of the U.S. commodity merchant, reducing the size of the transaction to $2.6 billion plus debt. "Marubeni will acquire all of the assets and businesses of Gavilon except the energy business," the statement said.
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*Marubeni wants grains business, not energy- sources. TOKYO, June 7- Japanese trading house Marubeni Corp is in advanced talks to cut Gavilon's energy business out of its planned takeover of the U.S. commodity merchant, two sources with direct knowledge of the deal said on Friday.
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JOHANNESBURG, June 6- Snacks company Mondelez International Inc is close to introducing heat-resistant chocolate it can sell at market stalls in Africa and some of the world's hottest places, a senior executive said on Thursday.
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MOSCOW, June 6- Sitting at a long table in Russia's Foreign Ministry, Syrian opposition leaders outlined a plan to protect Moscow's interests if the Kremlin agreed to the removal of its longstanding ally, President Bashar al-Assad.
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Hotshot Shield, a VPN that disguises users' identities and encrypts traffic on the Web, said more than 120,000 people had signed up to its service in Turkey since the weekend, more than 10 times typical levels.
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DUBAI, June 5- A strike by thousands of migrant workers at Dubai's biggest builder Arabtec last month may be a harbinger of a new wave of industrial activism that threatens to disrupt the Gulf's latest construction boom.
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*Egypt stocks jumped 4 pct in May. The MSCI dollar-denominated Egypt index jumped 4 percent last month, outperforming a 4 percent decline in the broader MSCI emerging market index, of which Egypt is a constituent alongside larger emerging economies such as China, Brazil, Russia and India.
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BOUMERDES, Algeria, June 5- With its president in a French hospital for over a month and the surrounding region in turmoil, Algeria looks from the outside to be on course for a period of unrest.
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