US tobacco giant Philip Morris International is fighting to get Britain, France, and other countries to make it easier to promote alternatives to cigarettes such as heated tobacco and vaping.
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The Egyptian Exchange's (EGX) indices ended in the green after fluctuations caused by profit-taking during the week that ended on 25 May.
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German airline Lufthansa on Thursday signed a deal with the Italian government for a minority share in the long-struggling ITA Airways, formerly Alitalia.
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Gold prices took a 2.7 percent downturn on Thursday, as the Egyptian Exchange's benchmark stabilizes over 17,000 points.
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Shanghai Shengda, a Chinese company specializing in the production of ready-to-wear clothing and accessories, signed a letter of intent, which was handed to the Chairman of the Suez Canal Economic Zone (SCZone) Walid Gamal El-Din, to establish a factory in Egypt worth $20 million.
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Egypt's President Abdel-Fattah El-Sisi inaugurated via video conference a quartz production complex in Ain Sokhna on Thursday.
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Most Asian equities sank Thursday on fears of a US default as the struggle to hammer out a debt deal led Fitch to warn the country's gold-plated credit rating was at risk.
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Benchmark US crude oil for July delivery rose $1.43 to $74.34 a barrel Wednesday. Brent crude for July delivery rose $1.52 to $78.36 a barrel.
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Stock markets tracked losses in Wall Street on Wednesday as investors grow increasingly concerned about stalled US debt ceiling talks aimed at averting a painful default.
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Benchmark US crude oil for July delivery rose 86 cents to $72.91 a barrel Tuesday. Brent crude for July delivery rose 85 cents to $76.84 a barrel.
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Gold prices declined by over EGP 96 during midday trading on Tuesday, while the Egyptian Exchange saw a positive performance, supported by the sale of 22.3 million shares in the Housing and Development Bank.
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The Egyptian Exchange (EGX) announced on Tuesday the sale of 22.3 million shares in the Housing and Development Bank for EGP 412.6 million ($13.3 million), which accounts for nearly 7.8 percent of the bank's total issued and paid-up capital.
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Benchmark US crude oil for June delivery rose 44 cents to $71.99 a barrel Monday. Brent crude for July delivery rose 41 cents to $75.99 a barrel.
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Egypt’s Minister of Trade and Industry Ahmed Samir inaugurated on Monday the first phase of a water pump factory established by Xylem, a US water technology provider, worth an estimated EGP 300 million ($9.7 million).
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The Egyptian Exchange ended in the red on Monday, while gold kept recovering following a sharp decline last week.
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The Egyptian Exchange (EGX) experienced a downturn by the end of this week on Thursday, 18 May; and the market cap lost EGP 33 billion, standing at EGP 1.09 trillion, down from EGP 1.136 trillion in the previous week's end.
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Benchmark US crude oil for June delivery rose $1.97 to $72.83 a barrel Wednesday. Brent crude for July delivery rose $2.05 to $76.96 a barrel.
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The haven dollar climbed and global stock markets wavered Wednesday as investors fretted over the slow progress of talks seeking to raise the US debt ceiling.
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Benchmark US crude oil for June delivery fell 25 cents to $70.86 a barrel Tuesday. Brent crude for July delivery fell 32 cents to $74.91 a barrel.
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Egypt is preparing two state-owned companies to be offered as investments before the end of the current fiscal year, Mohamed Metwally, CEO of NI Capital, the Egyptian government financial adviser announced.
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