Egypt

Still meager private equity investments in Middle East markets- report

The Middle East private equity market looked promising in the past decade but investments have trickled in the past year according to Dealogic data, Financial News reported.

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Thomas Cook sells foreign exchange unit

England-based Thomas Cook's chief executive Harriet Green announced the sale of its foreign exchange unit to Moneycorp, a rival backed by the Royal Bank of Scotland.

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Citadel Capital increases capitalization through share issue

The shareholders of Egypt's Citadel Capital had approved the share sale for increased capitalization expected to reach EGP3.64 billion.

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Kuwait grants extension for Egypt pay back of USD2 billion aid

Egypt was able to leverage a longer term to pay back the aid package provided by Kuwait.

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Arab Spring repercussions reported by HSBC

HSBC issued a comprehensive report as to the effects of the Arab Spring with the Gulf countries' economies.

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Thomas Cook sells off business interests in Egypt and Lebanon

Yusuf Bin Ahmed Kanoo Holdings Ltd purchased the business interests of Thomas Cook Group in Egypt and Lebanon.

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Egypt receives USD7 billion Gulf aid

According to Egypt's central bank governor, the country had received USD7 billion of Gulf aid out of the USD12 billion pledges from Gulf countries.

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MAF's Carrefour hypermarkets to be pulled from Egypt and Syria

Majid Al Futtaim Holding, the Gulf region's exclusive franchisee for Carrefour, is pulling out of Egypt and Syria.

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Egypt returns USD2 billion to Qatar

The return by Egypt of USD2 billion to Qatar is a sign of growing tensions between the two countries.

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Egypt's Citadel Capital plans capital hike

Egyptian private equity firm Citadel Capital said on Sunday it would increase its capital following the clearance it had won from the company's shareholders.

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Egypt confirms USD 2 billion deposit to be made by Kuwait

The aid by Kuwait to Egypt would consist of USD2 billion in a central bank deposit, USD1 billion grant and USD1 billion in oil products.

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Qatar accepts offer by Egyptian government to convert cash into bonds

The USD2 billion deposit by the Qatari government in support of former Egyptian President Mursi's government was converted to bonds by the current administration in Egypt.

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Sinopec purchases 33% of Apache Corp

Sinopec, the state owned oil and gas firm, forms Apache and Sinopec Group through the purchase of 33% of the Apache Corp.

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Total agrees on purchase of Chevron's Egyptian retain network

French oil and gas company Total said that it would be buying the retail network of US-based Chevron in Egypt.

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EU looks at using economic pressure to end violence in Egypt

The European Union said it would study the possibility of using economic pressure to end the bloodshed in Egypt.

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