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Email this article: Egyptian banks to confront toughening operating conditions in the coming months, says S&P
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Posted: Tue May 15, 2012 1:03 pm
EGYPT. The negative rating actions on Egyptian banks mainly reflect S&P's successive downgrades of Egypt.
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UAE. Consumption of luxury goods up 11% in the GCC, according to Bain & Company; China luxury market shows a shift in consumer preferences and ties to the GCC; In the UAE, Chinese represent about 2.5% of overall tourists, but account for 7% of the mall footfall and even bigger part of the spend.
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