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Egypt TC H1 2009 profit rises 9 Pct
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Tuesday, 11 August 2009
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The Egyptian stock exchange announced Tuesday that Egypt's Torah Cement
(TC) reported an 8.6 percent rise in net profit to 178.3 million Egyptian
pounds in the first six months of 2009
The firm had made a net profit of 164.3 million in the same period of 2008, according to the stock exchange.
No further details were given.
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Barwa to start $9 bln Cairo project
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Tuesday, 11 August 2009
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The Egyptian unit of Qatar's Barwa Real Estate BRES.QA reported Tuesday
that it will begin building a $9.04-billion Cairo project in the first
quarter of 2010
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Egypt Lecico Q2 profit dips 20%
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Tuesday, 11 August 2009
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Egyptian ceramics company Lecico posted a 20 percent fall in
second-quarter net profit to 30.3 million Egyptian pounds ($5.5
million) on Monday
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Off shore field produces its first gas: BG
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Tuesday, 11 August 2009
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The British gas firm BG Group in Egypt has started pumping gas from its
Sequoia subsea development, part of its offshore Nile Delta
gas-producing area, 90 kilometers from the Mediterranean coast,
according to a report by the firm
The six new subsea wells shall contribute to the Egypt's long-term
domestic and export energy requirements, Tim Blackford, the group's
head said in a statement Sunday.
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Egypt Inflation Unchanged, Easing Pressure on Bank
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Tuesday, 11 August 2009
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Bloomberg
Egypt’s urban inflation rate was unexpectedly steady in July after
declining for the previous seven months, easing pressure on the central
bank to keep cutting interest rates
Urban inflation, the benchmark rate that the central bank monitors,
stayed at a 19-month low of 9.9 percent, the Cairo- based Central
Agency for Public Mobilization and Statistics said today on its Web
site. The nationwide inflation rate fell to 9.7 percent from 9.8
percent in June.
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