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Business Egypt

  • BEIRUT, Nov 4- Lebanon's prime minister Saad al-Hariri resigned on Saturday, citing an assassination plot against him and accusing Iran and its Lebanese ally Hezbollah of sowing strife in the Arab world. It also shatters a coalition government formed last year after years of political deadlock, and which was seen as representing a victory for Shi'ite...

  • Daily life in the streets of Cairo, Egypt, on July 29, 2017.

    The importance of change is recognized but growth needs to pick up to keep a young region in work, Jihad Azour told CNBC.

  • FRANKFURT- The European Central Bank releases monthly data on lending and money supply. OSLO- Norway Central Bank announces interest rate decision 0800 GMT. STOCKHOLM- Swedish Central Bank announces interest rate decision.

  • *Egypt is world's biggest buyer of wheat. DUBAI, Oct 25- Egypt will issue a streamlined guide on wheat imports within two weeks that will detail all specifications, procedures, and regulations for traders selling to the world's largest buyer, Supply Minister Ali Moselhy told Reuters on Wednesday. Egypt is looking to calm nervous suppliers who have been adding...

  • A woman that claimed to be from Syria cries as she is detained by a Royal Canadian Mounted Police (RCMP) officer after crossing the U.S.-Canada border into Hemmingford, Quebec.

    President Donald Trump issued an executive order to resume the U.S. refugee program on Tuesday but processing for 11 countries remains delayed.

  • TBILISI- National Bank of Georgia monetary policy committee meeting. CHISINAU- National Bank of Moldova interest rate decision. SYDNEY- Reserve Bank of Australia Deputy Governor Guy Debelle will give a speech at the Warren Hogan Memorial Lecture at University of Sydney 0745 GMT.

  • Abu Dhabi

    In the Middle East, Iran’s influence and frustration over U.S. engagement is growing. And the oil-rich Gulf state is changing, Financial Times reports.

  • Saudi Arabia announced a $500 billion plan to build a business and industrial zone that links with Jordan and Egypt.

  • SINGAPORE, Oct 19- Chicago wheat ticked higher on Thursday as bargain buying after three sessions of decline underpinned prices, although gains were checked by stiff competition in the global export market. The Chicago Board of Trade most-active wheat contract gained 0.1 percent to $4.30-1/ 4 a bushel by 0227 GMT, having closed down 1 percent on Wednesday when...

  • *The most active wheat futures on the Chicago Board of Trade were up 0.2 percent to $4.31 a bushel by 0108 GMT, having closed down 1 percent on Wednesday when prices hit a low of $4.29 a bushel- the lowest since Oct. 12. *The most active corn futures were up 0.3 percent to $3.49 a bushel, having closed down 0.4 percent in the previous session when prices hit a low of $3.47- 3.4...

  • CHICAGO, Oct 18- U.S. wheat futures fell for a third straight day on Wednesday, pressured by plentiful global supplies and strong competition for export business, especially from Russia, traders said. Chicago Board of Trade December wheat settled down 4-3/ 4 cents at $4.30 per bushel after dipping to $4.29, its lowest in nearly a week. CBOT December corn ended down...

  • CHICAGO, Oct 18- U.S. wheat futures fell for a third straight day on Wednesday, pressured by plentiful global supplies and strong competition for export business, especially from Russia, traders said. As of 12:54 p.m. CDT, Chicago Board of Trade December wheat was down 4-3/ 4 cents at $4.30 per bushel after dipping to $4.29, its lowest in nearly a week.

  • SAN FRANCISCO/ MEXICO CITY, Oct 17- Amazon, Facebook and other U.S. tech companies are expanding operations south of the border as Mexico works to capitalize on the Trump administrations anti-immigration stance. President Donald Trump's efforts to reduce immigration to the United States, including new constraints on H-1B visas for skilled workers- which many...

  • *World's largest buyer paying hefty premium to feed its poor. CAIRO, Oct 17- Wheat shipments to Egypt, the world's largest buyer, are being disrupted by a dispute involving government inspectors angered by a ban on the expenses-paid foreign trips they once enjoyed to approve cargoes at their ports of origin. Those trips, funded by exporters, have been cancelled as...

  • Signs of optimism in Egypt

    Sahar Nasr, Egypt's minister of investment and international cooperation, discusses the investment environment in the north African country.

  • CAIRO, Oct 10- Uber is committed to Egypt despite challenges presented by sweeping economic reforms and record inflation, the company said on Tuesday as it announced $20 million of investment in its new support center in Cairo. "Those reforms don't change in any way Uber's commitment to Egypt. We're here to stay and we'll continue to invest to be able to serve...

  • HARARE, Oct 6- After defying economic gravity for a year, Zimbabwe's homemade U.S. dollars have fallen to earth with a bump. The worthless Zimbabwe dollar was replaced by the U.S. dollar in 2009 but the economy has struggled over the last 18 months because of a massive domestic shortage of greenbacks. "I am really scared that I will wake up one day and find my money in the...

  • *Egypt falls for first time in six days. DUBAI, Oct 3- Egypt's stock market fell on Tuesday, ending a six-day winning streak that took the blue-chip index to an all-time high, while Gulf bourses traded narrowly but a couple of petrochemical shares boosted Saudi Arabia. "After hitting 14,100 points on Monday, it is normal to see such an adjustment on Tuesday- the market...

  • *Saudi blue chips down on FTSE decision to delay upgrade. DUBAI, Oct 1- The Saudi stock index fell on Sunday after news that index compiler FTSE had decided to delay including Riyadh in its secondary emerging market index, while Kuwaiti blue chips were strong after FTSE included Kuwait. In its annual country classification review on Friday, FTSE praised Riyadh's...

  • BUDAPEST- Hungarian Central Bank non-rate-setting meeting. SYDNEY- Reserve Bank of Australia monetary policy decision meeting- 0330 GMT. THURSDAY, OCTOBER 5 MELBOURNE- Panel participation by Guy Debelle, Deputy Governor of the Reserve Bank of Australia, at the Melbourne Institute Macroeconomic Policy Meeting 0530 GMT.