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The choice came as Amer was the architect the IMF’s Extended Fund Facility program for Egypt, GlobalMarkets said.
Market capitalization dropped LE 8.5 billion, or 1.2 percent, falling to LE 689 billion compared to LE 697.58 last week.
Investment Minister Sahar Nasr and Head of the Suez Canal Economic Zone Mohab Mamish opened on Friday the Egypt-Singapore business forum.
Solar plants at Benban city of Aswan might be seen operating in 2018 as international financial institutions agreed to finance developers of FiT second round.
"Imports used to kill industry for their bad quality and for the lack of surveillance," Minister of Trade Tarek Kabil noted.
Egypt’s Carbon Holdings aims to finalize funding and start building its massive Tahrir petrochemicals project by June.
Contractors started working on installing water, power and gas networks to service the project.
The expected mass exodus of UK-based bankers because of Brexit could bring up to 100,000 new jobs to Germany's Frankfurt region over the next four years.
Oil prices rose on Friday as the U.S. petroleum industry braced for Hurricane Harvey.
A battle among shareholders over Uber Technologies Inc [UBER.UL] escalated on Thursday as some investors sought to fight a lawsuit by shareholder Benchmark.
World stocks climbed toward their best week in six on Friday, as a near three-year high in emerging market shares.