Monday 24 November 2014
 
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Egypt

Abraaj raises offer price for Bisco Misr

The UAE-based Abraaj Investment Management has increased the price it is offering shareholders of Bisco Misr to buy the Egyptian company, Abraaj said in a statement. Abraaj is now offering E£79.10 ($11.06) a share for a tota

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Abraaj raises offer price for Bisco Misr

The UAE-based Abraaj Investment Management has increased the price it is offering shareholders of Bisco Misr to buy the Egyptian company, Abraaj said in a statement. Abraaj is now offering E£79.10 ($11.06) a share for a tota

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Egypt's Amer Group to split into two companies

Egyptian real estate company Amer Group plans to split into two companies in an attempt to create more opportunities for its development business and boost trading in its shares. The company, which owns hotels, restaurants and sho

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Disney denies Egypt theme park reports

The Walt Disney Company has denied it has plans to open a theme park in Egypt, a day after an Egyptian government official stated talks were under way to build the Middle East's first Disney World park, a report said. "It

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Disney denies Egypt theme park reports

The Walt Disney Company has denied it has plans to open a theme park in Egypt, a day after an Egyptian government official stated talks were under way to build the Middle East's first Disney World park, a report said. "It

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Egypt hopes to attract $12bn at investment summit

Egypt hopes to attract investment of $10-$12 billion in 20 projects, including in energy, transport and water, at a major conference in mid-March, the minister for international cooperation said on Saturday. The conference is seen

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Egypt hires German firm to bore Suez Canal tunnels

Egypt will use machines made by a German firm to bore at least four tunnels under the Suez Canal, part of an $8 billion project to expand the waterway that the government hopes will raise revenues and foreign currency reserves. Un

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Egypt buys 60,000 tonnes of wheat from France

Egypt's state grain buyer, the General Authority for Supply Commodities (GASC), said it had bought 60,000 tonnes of wheat from France in a tender for shipment on December 21 to 31. Egypt, the world's biggest state importer

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Egypt resolves land dispute with Al-Futtaim

Egypt said it had resolved a long-standing dispute over a land sale with Dubai-based conglomerate Al Futtaim Group, as the government seeks to clear a backlog of such disputes in order to win back badly-needed foreign investors. A

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Egypt cbank to act to control currency black market

Egypt's central bank will take measures to calm the black market in the Egyptian pound, its governor said on Wednesday, after volatility this week due to a surge in commercial demand for dollars. Hisham Ramez gave no details o

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