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Economy
Egypt money supply up 10.4 per cent in July
Around LE1,000 billion is in circulation in 2011, up from LE922.6 billion the previous year
EU to push for financial transaction tax at G20
EU President says he will float the idea of a financial transaction tax at the G20 meeting set to take place at the French resort of Cannes in early November
Ilicit cigarettes make up 2.1 per cent of the Egyptian market
Black market tobacco costs the government around LE160 million a year, says a recent study
MENA region faces an old-new crisis: Barclays
Barclays Capital's report on emerging markets points to the challenges faced by net oil importers like Egypt
Carrefour posts net loss of $359m in first half
Financial results for first six months of the year sees the retailer's share price slump 4 per cent
Egypt Ministry of Finance postpones T-bills offer to after Eid
Sale of treasury bills had been scheduled for 1 September and will now be held three days later
France wants 1.5 bln euros Libyan assets unblocked
Move comes in response to transitional council's attempts to secure Libya's food supplies and rebuild shattered economy
US August consumer confidence lowest in more than two years
Debt ceiling negotiations a key factor in further undermining consumer expectations
World stocks rise on Fed stimulus hopes
Continuing bad economic news and dim forecasts expected to spark the US Federal Reserve in to action  
Euro zone economic climate worsens
The Euro zone economic sentiment rate reveals the 17 countries aren't very optimistic, but inflation is expected to slow and interest rates to stabilise
Market Report: Egypt stocks take a slight dip as total turnover plunges
In the last day of trading before the end of Ramdan and the Eid holiday, a truncated trading session sees minimal action in the EGX30
Despite security risks, Egypt will resume gas exports to Jordan in September
Although Israel is resistant to renegotiating gas prices with Egypt, a new contract was sealed with Jordan which needs the gas despite the risks of interruption due to militant attacks on the pipelines
Abu Dhabi bank eyes $500 million in Islamic bond
International investors continue to show strong interest in purchasing 'Islamic' bonds and Abu Dhabi major bank plans to capitalize

Market Report: Major stocks slip into red as smaller stocks gain
A surprisingly minor drop for OHD, after the executive chairman, Samih Sawiris, is sentenced for manipulating stock prices and providing incorrect financial data

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