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Business Egypt

  • *Qatar snaps 11- session losing streak. DUBAI, Sept 19- Qatar's stock index came slightly off a five-year low on Tuesday as local funds intensified their buying of those shares, while Saudi Arabia was the region's worst performer. In Abu Dhabi, Dana Gas rose 1.3 percent ahead of a London High Court hearing on Monday and Tuesday over the validity of its sukuk.

  • *Egypt in market for first time since French cargo halted. DUBAI/ CAIRO, Sept 19- Egypt's state grain buyer GASC received fewer offers and was quoted higher prices in a wheat tender on Tuesday, as traders held back due to a dispute over two blocked import cargoes. One Cairo- based trader said prices offered included a risk premium of between $4 and $11 a tonne.

  • The skyline of Doha, Qatar.

    According to Qatar's economy and trade minister, the state's finances are faring "better than ever."

  • *Cairo plans 1.5 bln euro debt issue by end Nov. CAIRO, Sept 17- Egypt will issue a 1.5 billion euro bond by the end of November and plans to launch a new $10 billion Eurobond program next year, the Boursa newspaper reported on Sunday. Finance Minister Amr El Garhy told the newspaper that Cairo planned to sell Eurobonds worth $3 billion to $4 billion in the first quarter...

  • CAIRO, Sept 17- Egypt will issue a 1.5 billion euro bond by the end of November and then plans to launch a new $10 billion Eurobond program next year, the Boursa newspaper reported. Finance Minister Amr El Garhy told the newspaper that Cairo planned to sell eurobonds worth $3 billion to $4 billion in the first quarter of 2018, but did not give a detailed timetable for...

  • The Doha Skyline at the Sheraton Grand Hotel on November 17, 2016 in Doha, Qatar.

    Countries that started a regional blockade against Qatar are actually dependent on trade with the gas-rich state, Qatar National Bank said.

  • *Sukuk holders propose settlement to Dana Gas. *Orascom Construction up after JV signs $320 mln deal. DUBAI, Sept 14- Telecommunications shares weighed on the Saudi Arabian stock market on Thursday after authorities moved to remove the ban on voice and video calls over the Internet, while Qatar continued to fall as foreign buyers intensified their selling.

  • CAIRO, Sept 13- Poppy seeds found in two cargoes of imported wheat halted by Egyptian authorities are "not very dangerous", Agriculture Minister Abdel Moneim Al-Banna told Reuters on Wednesday, in comments that could avert a trade row. Al-Banna said the cargoes from France and Romania would be sieved before a decision was taken on whether to allow them into the...

  • *Egypt is world's largest wheat buyer. DUBAI/ CAIRO, Sept 10- Egypt is considering rejecting 59,000 tonnes of French wheat purchased by state grain buyer GASC due to the presence of poppy seeds, the second cargo to come under such scrutiny and raising fresh uncertainty over the country's import policy. Egypt's agricultural ministry said on Sunday its quarantine...

  • *Egypt is world's largest wheat buyer. DUBAI/ CAIRO, Sept 10- Egypt is considering rejecting 59,000 tonnes of French wheat purchased by state grain buyer GASC due to the presence of poppy seeds, the second cargo to come under such scrutiny and raising fresh uncertainty over the country's import policy. The world's biggest wheat importer threw the international...

  • GAZA, Sept 9- The new chief of Palestinian Islamist group Hamas, Ismail Haniyeh, arrived in Cairo on Saturday to hold talks with senior Egyptian officials about the blockade of Gaza on his first such visit as leader, a Hamas spokesman said. In the past few months Hamas has sought to mend relations with Egypt, which controls their one international border crossing...

  • In the past few months Hamas has sought to mend relations with Egypt, which controls their one border crossing and has, under President Abdel Fattah al-Sisi, been highly wary of ties between Hamas and the Muslim Brotherhood, ousted from power by Sisi after mass protests. Hamas controls the Gaza Strip, a densely populated coastal territory that shares borders...

  • Saudi Arabia's Deputy Crown Prince Mohammed bin Salman (2nd L) on April 19, 2017 in Riyadh, Saudi Arabia.

    Saudi Arabia on Saturday suspended any dialogue with Qatar, accusing it of "distorting facts."

  • CAIRO, Sept 7- Egyptian investment bank Pharos Holding is advising on 7.5 billion Egyptian pounds worth of deals expected to close over the next 18 months in sectors ranging from food retail to chemicals, its chief executive told Reuters. The deals reflect a broader move by the Cairo- based company to build up business outside the banking industry, including...

  • BELGRADE- National Bank of Serbia interest rate decision. FRIDAY, SEPTEMBER 8 SYDNEY- Panel participation by Guy Debelle, deputy governor of the Reserve Bank of Australia, at the 2017 FINSIA Regulators Panel, Sydney 0300 GMT. SYDNEY- Reserve Bank of Australia Governor Philip Lowe will give speech at the Bank of China Sydney Branch's 75th Anniversary Celebration...

  • $210 million in debt financing will be used to tap Egypt's renewable energy potential.

  • *Kurdistan deal gives Dana immediate cash infusion. DUBAI, Sept 4- Stock markets in the United Arab Emirates were mostly quiet on Monday as they resumed trading after a long holiday weekend for Eid al-Adha, but Abu Dhabi- listed Dana Gas soared after it agreed on overdue payments from Iraqi Kurdistan's government. Iraqi Kurdistan agreed to immediately pay Dana's...

  • TUESDAY, SEPTEMBER 5 BRISBANE, Australia- Remarks by Philip Lowe, governor of the Reserve Bank of Australia, at Reserve Bank Board Dinner. BUDAPEST- Hungarian Central Bank holds non-rate-setting meeting. BRISBANE, Australia- Reserve Bank of Australia monetary policy decision meeting- 0430 GMT.

  • SYDNEY- Sarah Harris, Reserve Bank of Australia's deputy head of financial market infrastructures, payments policy department, participates at the Risk Australia 2017 Conference 0300 GMT. TUESDAY, SEPTEMBER 5 BRISBANE, Australia- Remarks by Philip Lowe, governor of the Reserve Bank of Australia, at Reserve Bank Board Dinner. BUDAPEST- Hungarian Central Bank...

  • CHISINAU, Moldova- National Bank of Moldova interest rate decision. SYDNEY- Sarah Harris, Reserve Bank of Australia's deputy head of financial market infrastructures, payments policy department, participates at the Risk Australia 2017 Conference 0300 GMT. SUVA, Fiji- Reserve Bank of Fiji board meeting to announce interest rates.