The acquisition of Omar Effendi department stores is at stake as the previous owner is accused of non-payment of back taxes. The Tax Authority seized control on Wednesday from the previous Saudi owner, Anwal.
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The Egyptian stock market ended the trading week in the red, but only just, as the main index appeared depressed amid political uncertainty.
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Vimpel Com holds to the Orascom Telecom merger, despite "size and complexity" of the deal, CEO says.
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The nine-month net profit of Egypt's leading steel producer reached LE242 million, up from LE29 million in the same period a year ago.
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The internet giant Google may be on the edge of settling its biggest $5-billion bid for Groupon, the fastest growing online discount shopping, in what is expected to extend Google's dominance in online advertising.
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The EGX 30 dropped slightly by 0.33 per cent to 6683 points today, mostly the result of the poor performance of Orascom Telecom and Orascom Construction Industries
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Orascom Construction Industries workers fear liquidation of the company.
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Increase in world prices of inputs pushes up local steel prices by 5.3% in December
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Appetizers, wine and roast beef no longer served
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Wikileaks will release new documents that accuse a famous American bank.
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Toyota Motor launches a repair campaign to fix about 650,000 Prius models worldwide with faulty coolant pumps
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Egypt's Cabinet agreed to amend the public auctions law to solve the legal dispute over the Madinaty project
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The mid-week session ended on a negative note, following European and American markets
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Egyptian real estate firm trying to fund work on its main projects through possible LE1 billion bond
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Kuwait has announced its intentions to reduce crude oil supplies to Asia in the first quarter of 2011
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EFG-Hermes Holding Company releases net profit of 668.4 million pounds during first three quarters in 2010, a 43 per cent increase
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British airways and Iberia will become International Airlines Group when the merger is completed January
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3Q losses force $4 billion private equity firm to review management strategies.
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After election day drop, EGX 30 gains a slight 0.4%, closing at 6816.29 points
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