Egypt restricts GDR deals to pounds for local investors
CAIRO:Egypt’s bourse on Monday ordered that Egyptian investors who buy global depository receipts (GDRs) by purchasing shares on the Cairo exchange in Egyptian pounds may only receive their returns in...
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Egypt witnesses ‘overflow’ in electricity production: presidential statement
CAIRO: Egypt is witnessing an “overflow” in electricity production, although not all power plants in an urgent plan to curb the country’s energy crisis have operated, a Tuesday presidential statement...
View ArticleEmaar Misr expects listing on EGX Sunday July 5
CAIRO: Egypt’s Emaar Misr, a subsidiary of the UAE’s Dubai-based developer Emaar Properties, said Tuesday that it expects to get approval to list on the Egyptian Exchange (EGX) Thursday, to debut...
View ArticleEgypt purchases 289 LAZ buses for $70m from Ukraine
CAIRO: Ukraine will supply Egypt with 289 LAZ buses per a contract worth $70 million to serve in Cairo’s public transportation system, Youm7 reported Monday. Egypt’s Prime Minister Ibrahim Mahlab,...
View ArticleTaliban claims car bomb attack in Kabul; 1 dead
KABUL: A suicide attacker driving an explosives-packed vehicle targeted a NATO military convoy in the Afghan capital, Kabul, on Tuesday, killing at least one person and wounding up to 24, police,...
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Millions of Yemen Children at Risk Of Disease, Malnutrition: UNICEF
PRESS RELEASE Sanaa: The ongoing conflict in Yemen is having a devastating impact on the country’s health system, and exposing millions of children to the threat of preventable diseases, says UNICEF....
View ArticleBombs inside, around Baghdad kill at least 8 civilians: Iraq
BAGHDAD: Iraqi officials say a series of attacks in Baghdad and in two towns near the capital has killed at least eight people. Police officials say the deadliest among Tuesday’s attacks was in the...
View ArticleTunisia chief: New security system had been set for July 1
TUNIS: Thirty-eight tourists died in a gun attack just days before Tunisia planned to implement heightened security measures for the Muslim fasting month of Ramadan, but those plans had not anticipated...
View ArticleSyrian government airstrike kills 17 in insurgent-held town
BEIRUT: Activists say a Syrian government air raid has killed at least 17 people and wounded many others in a northwestern town. The Local Coordination Committees says the attack on the town of Ihsim...
View ArticleSyrian troops regain area from IS in northeastern city
BEIRUT: Syria’s state TV says government forces have retaken a neighborhood from Islamic State fighters in a northeastern city, days after it was captured by the extremists. The IS group attacked...
View ArticleVideo: 3 killed in blast in October, New Cairo
CAIRO: 3 killed in blast in October, New Cairo Security Source Said ,Youm7 Reported
View ArticleDiplomats: UN to confirm Iran meeting key nuclear obligation
VIENNA: Diplomats say that a U.N. nuclear agency will confirm that Iran has met a key condition of a preliminary nuclear agreement, changing a substantial amount of enriched uranium into a form that is...
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Turkey concerned by reports of fasting bans on Uighurs
ANKARA: Turkey says it has conveyed “deep concerns” to China over reports that minority Chinese Uighur Muslims were being prevented from worship and fasting during the Muslim month of Ramadan. In a...
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EGX indexes tummle in Q2, equities shed $2.75B
CAIRO: The Egyptian Exchange (EGX) inched lower during the second quarter of 2015, and market capitalization incurred losses valued at 21.03 billion EGP ($2.75 billion,) according to its quarterly...
View ArticleUPDATE: death toll from Sinai attacks at least 50 soldiers
CAIRO (AP) — The latest news on the near-simultaneous militant attacks in Egypt’s restive northern Sinai Peninsula that killed 38 soldiers (all times local): 1:06 Egyptian security officials have...
View Article3 killed in car bomb attack near police station south of Cairo
Cairo: Three people were killed and three others were injured Tuesday after two explosive devices went off in the 6 October City south of Cairo, medical sources told Youm7. The explosive devices,...
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