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Business Egypt

  • Egypt's first bitcoin exchange will go live in August, the founders of Bitcoin Egypt said.

  • *Suez Canal Economic Zone projects eligible for incentives. CAIRO, Aug 17- Egypt is hoping that long-awaited regulations approved on Thursday to its new investment code will draw in fresh and needed cash from abroad as the country pushes ahead with reforms. Investment Minister Sahar Nasr told Reuters in an interview that the law could now be active within days.

  • *GFH, Union Properties rebound after sharp losses in Dubai. Dana Gas surges in Abu Dhabi after earnings. It had plunged 12.9 percent over the previous two days as it acquired a $1.2 billion infrastructure portfolio in Africa and the Middle East, funding it with a $315 million capital increase that took issued and paid-up capital to $975 million- a big dilution for...

  • Egypt's new investment law aimed at attracting business

    H.E. Sahar Nasr, minister of investment and international cooperation for the Egyptian government, discusses the investment environment in her country.

  • H.E. Sahar Nasr, minister of investment and international cooperation for the Egyptian government, discusses financial opportunity in the MENA region.

  • DUBAI, Aug 14- Shares of the first family-owned business to list in Qatar slumped on Monday as they began trading, while weak earnings at several companies in Dubai weighed on the stock index there. Egypt fell for a fifth straight day. Qatari conglomerate Investment Holding Group tumbled 13 percent from its initial public offer price to 8.70 riyals.

  • TUESDAY, AUGUST 15 SYDNEY- Reserve Bank of Australia to release the minutes of its August monetary policy meeting 0130 GMT. **BELGRADE- Serbia Central Bank presents inflation report for August- 0600 GMT. WINDHOEK, Namibia- Central Bank of Namibia monetary policy meeting.

  • SUNDAY, AUGUST 13 SYDNEY- Reserve Bank of Australia Assistant Governor Christopher Kent speaks at the Moody's Analytics Forum 2335 GMT. TUESDAY, AUGUST 15 SYDNEY- Reserve Bank of Australia to release the minutes of its August monetary policy meeting 0130 GMT. WINDHOEK, Namibia- Central Bank of Namibia monetary policy meeting.

  • In this handout photo provided by the Israel Government Press Office (GPO), US President Donald J Trump (L) and White House senior adviser Jared Kushner meet with Israel Prime Minister Benjamin Netanyahu (R) at the King David Hotel May 22, 2017 in Jerusalem, Israel.

    Trump will be sending three officials to the Middle East to discuss resuming the Israeli-Palestinian peace process, the White House reports.

  • CAIRO, Aug 10- Egypt's key inflation rates soared to multi-decade highs on Thursday on the back of energy subsidy cuts agreed with the International Monetary Fund as a condition of its $12 billion three-year loan. Import-dependent Egypt has been hit by soaring inflation since it floated its currency in November, and since then the pound has roughly halved in...

  • CAIRO— Egypt's inflation has jumped to almost 33 percent, the government said Thursday as Egyptians continue to brace themselves in the face of steep price hikes and austerity measures. According to figures published by the Central Bank, the urban annual inflation rate reached 32.95 percent in July— up from 29.76 percent in June. Dubai- based Arqaam Capital...

  • CAIRO, Aug 9- Hilton Worldwide plans to nearly double the number of its hotels in Egypt within seven to 10 years as tourism returns to levels seen before a 2011 uprising, the company's deputy head for Egypt and North Africa said. But Mohab Ghali, vice president of operations for Egypt and North Africa, expects occupancy rates to improve from last year, especially in...

  • CAIRO— Egypt on Wednesday curtailed access to ration cards used by three-quarters of the country's 93 million people to buy subsidized food items— the latest in the government's ambitious economic reform plan. Subsidy cuts have a history of stoking unrest in Egypt but the government has pleaded with the people to brace themselves and endure the tough...

  • **LIMA- Peru Central Bank President Julio Velarde is scheduled to be interviewed at the Reuters Latam Summit 2017 1600 GMT. SYDNEY- Reserve Bank of Australia Assistant Governor Christopher Kent speaks at The Bloomberg Address 2235 GMT. **BELGRADE- National Bank of Serbia interest rate decision- 1000 GMT.

  • *Egypt comfortably outperforms region for second straight day. DUBAI, Aug 7- The banking sector helped support stock indexes in Saudi Arabia and Egypt on Monday as investors were influenced by the positive mood in global bourses, while other markets in the region moved little. Sixty banks in the six-nation Gulf Cooperation Council have now reported...

  • Fireworks over Khalifa International Stadium during its official opening ceremony on May 19, 2017 in Doha, Qatar.

    Some expatriate workers are eligible for residency rights in the world's wealthiest country following a landmark ruling last week.

  • CAIRO, Aug 5- Egypt's investment and housing ministers met Egyptian property developer Emaar Misr on Saturday to discuss future investments by prominent Emirati businessman Mohamed Alabbar, the investment ministry said. The UAE investor was meant to lead a mega-project to build a new capital 45 km east of Cairo, but Egypt and Alabbar failed to close a deal in...

  • CAIRO, Aug 3- The average yields on Egypt's six-month and one-year treasury bills fell sharply in an auction on Thursday, central bank data showed, after foreign currency reserves surged above levels before a 2011 political uprising. Egypt's central bank said on Tuesday that foreign currency reserves jumped by $4.73 billion at the end of July to $36.04 billion,...

  • DUBAI, Aug 3- Saudi Arabia's supermarket and Abu Dhabi's largest listed developer outperformed otherwise flat regional shares on Thursday because of their strong second-quarter earnings. NCB Capital had forecast a net income of 66 million and EFG Hermes expected Othaim to make 57.74 million riyals. Shares of medical equipment and hospital operator Al...

  • *Banks buoy Abu Dhabi, ADCB shines. DUBAI, Aug 2- Stock markets in the Gulf were mixed on Wednesday, with Saudi Arabia dragged down by a drop in crude oil prices while blue chips led gains the United Arab Emirates and Qatar higher. Consequently, 11 of the 14 petrochemical shares listed in Riyadh fell, including Saudi Basic Industries, which dropped 1.3 percent.