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Investing in Egypt

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Egypt Groups Call for Second Round of ‘Rage’ on Lack of Change
BusinessWeek  4 hrs ago  Comment 
Egyptian pro-democracy groups are calling for a second round of so-called “rage” protests on May 27 because of a lack of political progress and perceived failure to prosecute members of former President Hosni Mubarak’s regime.
Egypt sells T-bills worth 2.83 bln EGP, yields rise
Reuters  5 hrs ago  Comment 
Egypt's central bank said it sold 2.825 billion Egyptian pounds in domestic treasury bills on Sunday, less than the 5.5 billion pounds it was seeking (CBEY).
Orascom says little progress yet on Djezzy row
Reuters  5 hrs ago  Comment 
Orascom Telecom has made scant progress resolving its row with Algeria but a solution may be more likely now, its chairman said, speaking after changes at the Egyptian mobile company and inside Egypt.
Egypt's Orascom shares suspended after 9 pct surge
Reuters  5 hrs ago  Comment 
Shares in Orascom Telecom were suspended on the Cairo stock exchange after surging 9 percent in early trading on Sunday.
Citadel to challenge rejected capital increase
Reuters  5 hrs ago  Comment 
Egyptian private equity firm Citadel Capital said on Sunday it would challenge a decision by the financial regulator to reject a request for a capital increase.
Egypt's SIIC says cancels September tender
Reuters  5 hrs ago  Comment 
Egypt's state-owned Sugar and Integrated Industries Company (SIIC) said on Sunday it cancelled a tender to purchase 50,000 tonnes of raw sugar for September shipment due to high prices.
Tourism to Egypt down 46 percent in first quarter
Reuters  6 hrs ago  Comment 
The number of tourists visiting Egypt slumped 46 percent in the first quarter when mass protests ousted President Hosni Mubarak, the government's statistics agency said on Sunday.
VIDEO: Egypt counts the cost of revolution
BBC News  May 22  Comment 
Egypt's revolution sparked celebrations on the streets but it has had a disastrous impact on the nation's economy.




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