Oil demand forecast for 2011 has increased as consumption is expected to rise in developed countries
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Orascom Development to launch a public tender offer to the remaining minority shareholders in its subsidiary, Orascom Hotels & Development(OHD), and intends to delist OHD from the Egyptian Stock Exchange
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Sodic, the third biggest real estate listed company is to split its share to 5 shares, after its price reached the highest level in 28 months
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As eight new wells are explored in Egypt, the revenues of Circle Oil heads skywards
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With business booming, Chevron is looking to expand both production and exploration.
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The EGX30 ended today in the plus column, advancing 1.47 per cent to close above the 6800 mark.
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VimpelCom to acquire Weather from Egyptian businessman Sawaris if it succeeds in refinancing its debt. The deal will establish it as the world’s fifth telecommunication company.
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Aramex undertaked new expansionary projects in Asian countries and Turkey.
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Egyptian group El Sewedy Electric eyes a three-year wind power project in Ghana. Project value is estimated at $350-400m
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Nestle, the world`s biggest food group to increase its supply in southeast Asia by investing in Indonesia.
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Worldwide markets witnessed an upsurge in initial public offerings (IPO), with emerging markets in Asia claiming the biggest share
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OPEC oil revenues are expected to increase by 32 per cent according to the US energy Department
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The National Bank of Egypt and Tri-Ocean Oil company enter Ghana as Egyptian companies try to strengthen their investments in the oil-rich African country
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Shares in grocer Sainsbury rose 4.2 percent on Tuesday morning, with traders citing market talk of interest from Qatar.
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Google begins selling digital books, intensifying competition with Amazon.com and Apple Inc. The e-book market is currently dominated by Amazon.com
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France Telecom considers entering the Iraqi mobile market, as it contemplates buying a stake in the Iraqi telecommunication corporation.
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Contrary to expectations, the EGX 30 dropped 0.4% to close at 6735
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Kuwait's Al Fawaras threatens to sue buyers of Zain's Saudi unit in stance of opposition to UAE deal
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Pireaus, one of biggest Greek banks, will repeat cash call later this month.
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The news drove up Hochtief shares more than three percent in morning trades on the Frankfurt stock exchange
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