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CAIRO, Dec 4- Egypt expects to receive more aid from Gulf states, the central bank governor said on Wednesday, on top of the $12 billion they have pledged since the army deposed Islamist President Mohamed Mursi in July. Asked whether he anticipated more Gulf aid, Central Bank Governor Hisham Ramez said: "Yes we do...
LONDON, Dec 3- Egypt has postponed any decision on taking a $4.8 billion loan from the IMF as financial aid from Gulf states has given Cairo some breathing space as it starts to conduct economic reforms, Deputy Prime Minister Ziad Bahaa El-Din said on Tuesday.
DUBAI/ DOHA, Dec 2- With one notable exception, wealthy Gulf Arab states are encouraging investment in Egypt to help shore up its army-backed government: the absentee is Qatar, rattled by the collapse of Islamist power in the biggest Arab country.
*Morocco relegated to frontier market stocks index. Morocco, which has avoided the worst of its neighbours' turmoil, became the latest casualty on Wednesday when it was relegated in the leading MSCI indices from the league of established emerging markets to the "frontier" division of economies with less developed capital markets.
LOS ANGELES-- The Los Angeles County Museum of Art has welcomed the donation of a Baroque-era painting that was stolen in Italy by Nazis during World War II, but it could be losing a royal seal that may have been taken from a shrine in Seoul as the Korean War wound down.
*Tunisia remains a model three years after Arab Spring. TUNIS, Nov 25- Tunisia offers perhaps the last hope for Arab Spring democracy; only in the small nation that inspired revolts from Cairo to Tripoli has the negotiating table won out over the gun, so far.
*Sawiris to invest in Egypt in 2014. *Gulf money will not save Egypt. CAIRO, Nov 14- Egyptian tycoon Naguib Sawiris, whose family controls the Orascom corporate empire, said he would invest $1 billion in Egypt in 2014 and warned that urgent measures were needed to save the economy from collapse.
CAIRO, Nov 10- Egypt is engaged in a high stakes gamble, using billions of dollars from Gulf Arab allies to stimulate the economy and keep its politically charged streets calm in the hope that investors and tourists will return.
*RWE's DEA could be worth as much as 5 billion euros. DUBAI/ FRANKFURT, Nov 6- U.S. private equity firm KKR has teamed up with the international arm of Kuwait Petroleum Corp to jointly bid for German utility RWE's oil and gas unit DEA, four banking sources familiar with the matter said.
LONDON, Nov 6- Egypt- focused gold miner Centamin said core profit dropped by more than a third in the third quarter, hit by a sharp drop in bullion prices, but said it was well-placed to exceed a targeted increase in full-year output. The price at which Centamin sold bullion in the quarter shrank by more than a fifth compared with a year earlier.
CAIRO, Nov 4- Ousted Egyptian leader Mohamed Mursi struck a defiant tone on the first day of his trial on Monday, chanting' Down with military rule', and calling himself the country's only' legitimate' president. Opponents of Egypt's army-backed government say the trial is part of a campaign to crush Mursi's Muslim Brotherhood movement and revive a police state.
CAIRO, Nov 4- Egypt began the trial of ousted president Mohamed Mursi on Monday in what opponents of the army-backed government say is part of a campaign to crush his Muslim Brotherhood movement and revive a police state.
CAIRO, Nov 4- Deposed Egyptian president Mohamed Mursi of the Muslim Brotherhood arrived at a Cairo police academy on Monday to face trial on charges of inciting violence, state media reported. It is the second time in just over two years that an ousted president has been in court in Egypt, a pivotal Arab nation some fear is sliding back into autocratic rule.
CAIRO, Nov 4- The first freely elected Egyptian president, Mohamed Mursi, goes on trial on Monday, the second time in just over two years that a deposed president has found himself in court in Egypt, a pivotal Arab nation some fear is sliding back into autocratic rule.
CAIRO, Nov 4- When Muslim Brotherhood leader Mohamed Mursi broke out of an Egyptian jail during Hosni Mubarak's final days in office in 2011, he little thought he would end up behind bars again.
LONDON/ CAIRO, Nov 1- Egypt has gone from fuel famine to glut thanks to gifts from Gulf monarchs since the army removed the Islamist president in July- and that is giving the state oil company and foreign traders new headaches. Now Egypt's oil import terminals are so crowded that some tankers have been lying off Alexandria and Suez for two months, running up bills.
*Doesn't expect many more years of instability in Egypt, North Africa. DUBAI, Oct 30- Templeton Emerging Markets Group is looking to increase its equities investment in Egypt because it thinks the political environment will stabilise and the government is committed to repairing the economy, the head of the group said.
WASHINGTON, Oct 29- Some U.S. lawmakers said on Tuesday they were unhappy about cuts in Washington's aid to Egypt announced earlier this month after authorities in Cairo used violence to put down protests. "I support a continued and robust military relationship with Egypt," California Republican Ed Royce, the committee's chairman, said at a hearing on Egypt.
*Egypt expects total recovery in tourism by end-2014- minister. CAIRO, Oct 29- Egypt aims to attract 13.5 million visitors next year, bringing in around $11 billion, as it launches an international campaign to lure back foreigners deterred by political turmoil, the tourism minister said.
CAIRO, Oct 27- Egypt is planning a charm offensive to persuade Gulf Arab entrepreneurs to invest in its economy, battered by political upheaval, protests and violence.