The newly appointed oil minister vowed to prioritize development of jointly owned fields, notably the giant South Pars gas reservoir in the Gulf where Qatar has leapt ahead of Iran in developing the valuable resource they share
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In the middle of internal reforms, Egypt's Competition Authority seeks more powers to confront monopolistic activities to help open the economy for much-needed activity
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S&P cuts U.S. long-term credit rating to AA-plus; a move which is likely to eventually raise borrowing costs for the American government, companies and consumers.
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Sudan has blocked a shipment of southern oil after Juba refused to pay Khartoum's transit fees, the foreign ministry said on Friday, escalating a row between the north and the newly independent south.
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Stock traders breath a sigh of relief at the news that the U.S. added more jobs than expected during July, putting a halt to one of the worst selloffs since the height of the 2008 financial crisis
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Ahmed El-Boraie, Egypt's labor minister, says the government will not unilaterally set minimum wages for Egypt’s private sector
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Oil prices has been dropping over the past week on the back of a broader market selloff driven by economic concerns in Europe and the U.S.
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The explosion, the second in 2 two weeks, will lead to stoppage of flows of up to 4,000 barrels per day
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An overnight panic triggered the worst sell-off on Wall Street since the global financial crisis, investors in Asia slashed positions in equities and commodities and scrambled for the safety of cash and government bonds
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Inflated prices for newly-available Russian wheat are leading Egypt's state buyers to consider alternative sources during today's tender
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Egyptian investors return to the Bourse with newfound optimism on Thursday after the opening session of the former president's trial goes ahead
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The country's largest mobile provider tells Ahram Online it predicts grim third quarter results in the wake of the cartoon controversy but is planning to strike back with a new campaign and fresh services
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Central bank announces successful sale of half and full-year domestic treasury bills
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Services sector gains but farming, industry and construction all cut jobs in the last 12 months, says official data
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Lifting of the debt ceiling agreed on Tuesday has put the country's debt above its annual level of production for the first time in more than 60 years
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Industrial operations are returning to normal after workers suspend their peaceful demonstrations, says the top Egyptian ceramics maker
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Last year saw 5.854 million vehicles on the roads, a third of them in Cairo, as credit options for private cars and taxis multiplied and tuk-tuk licences soared, says official statistics agency
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Subsidiary of Greek cement maker Titan posts a first-half net profit of LE357.9 million, a quarter up on 2010 figures
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