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Wednesday, 02 November 2011
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Economy
Greek vote shock sends global stocks tumbling
Decision by Greece to hold a referendum on Europe's bail-out package sends investors fleeing for the exit
Market Update: Egypt stocks close Tuesday down 1.35 per cent
Egypt banks to close for three days for Eid holiday
Major financial institutions will be closed from Sunday to Wednesday in the coming week, the central bank announces
Russia's capital flight to double to $70 billion in 2011
Central bank says global turmoil is prompting foreign investors to withdraw while Russians are reacting to an 'unfavourable investment climate' by putting their money elsewhere
Market Update: Egypt stocks down 1.1 per cent by mid-Tuesday
Qatar Barzan gas project to cost $10 billion
Project for completion in 2014 aims to produce 1.4 billion cubic feet of gas per day
Egypt's Heliopolis Housing sees full-year profits dip 17 per cent
Egypt central bank to ask for LE13 billion in short-term debt sales
Egypt's central bank looks to borrow LE13 billion in eight-day repurchase agreements at 9.25 per cent
Alexandria Spinning and Weaving workers strike for public sector benefits
About 2,500 workers are refusing to work for the sixth day as they demand the same allowances and bonuses as public employees, a measure they claim is stipulated in the textile firm's privatisation contract
Market Report: Egypt stocks slip 1.35 per cent on Greek vote plans and local strikes
Main index finishes in red for second day, reflecting the poor performance of global markets and caution in advance of the Eid Al-Adha holiday weekend
Egypt settles legal disputes with foreign firms
Government agrees to new standards to resolve investment disputes in a development that may boost the confidence of unsettled investors
El Sewedy workers strike for first time since Mubarak's fall
Employees halt work at factory of Middle East's leading electrical products manufacturer, demanding the payment of seasonal bonuses cut since the revolution
Orascom Construction inks $120 million deal for Aswan fertiliser complex
Egyptian firm subcontracts from Italy's Maire Tecnimont to supply materials and build new industrial facility by mid-2014
Abraaj boosts Egypt investment: Chief executive
Region's largest private equity firm tells newspaper it is eying oil acquisition but that doubts over Egypt's economic future make choosing investment strategies difficult
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