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Egypt buys 190,000 tonnes of locally-produced wheat
The government said last year it would buy wheat from local farmers at global prices this season, which began on April 15 and ends on July 15.
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IMF Expects Economy to Grow At 5.2 in 2018
Egypt is projected to register an economic growth rate of 5.5 in 2019, the IMF added.
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Trade Exchange between Egypt, France records $2.5B in 2016/17
Prevest expected further increase of the trade exchange between the two states in the current fiscal year 2017/2018.
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Egypt exhibiting previously unseen Ptolemaic artifacts
A Dominican archaeological mission unearthed the artifacts in the Taposiris Magna area in the Mediterranean city of Alexandria.
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Project: Strand Guide Rollers
Import of 125 different strand guide rollers of 150, 200, 230 & 250 mm. size
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Project: Security Control Systems
Supply, erection & commissioning of security control systems along fences at company locations
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New governmental measures to battle wheat black market
The Egyptian government recently approved purchasing 150 kilograms of wheat from local farmers at $34.1, which comes to $220 per ton.
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Russia, Egypt to negotiate flights to Hurghada, Sharm El Sheikh at end of spring
On April 11, direct regular flights between Cairo and Moscow were resumed after a break of almost two and a half years.
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PHD adds Egypt to global footprint
As per the Omnicom Media Group agency, the move is in direct response to marketer needs for the agency’s expertise and data-first approach in Egypt.
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International organisations forecast positive expectations for Egypt’s economy
IMF increases growth in Egypt to projected 5.2% this year.
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Egypt aims to import 7mn t of wheat in 2018-2019
Egypt harvests its own crop from April through July and has said it is looking to buy over 4 million tonnes from its farmers.
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Royal Dutch Shell to resume deep-water exploration off Egypt
The field is owned by Egypt’s General Petroleum Corporation (EGPC), Malaysia’s Petronas and Shell.
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Russian nuclear energy deals with Egypt reach almost $60bn
According to Rosatom head Alexey Likhachev, the company launched a commercial package of all Egyptian contracts in mid-December.
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Egyptian economy to experience near-term growth: UN official
The implementation of the recent economic reforms in Egypt will subsequently promote development, reduce poverty and unemployment rates.
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Trade exchange between Egypt, China up by 91.1% in Feb
Chinese exports to Egypt increased by 76.9 percent to 828 million dollars, the customs administration said.
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Telecom Egypt says focus is on growth, not Vodafone stake
Telecom Egypt Co. has no immediate plans to sell its stake in Vodafone Egypt and will focus on growing its share of the mobile market.
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Egypt's unemployment rate falls to 11.8% in 2017
Unemployment recorded 14.5 percent in rural areas, versus 9.8 percent in rural areas in 2017.
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Russian tourists return to Egypt
After almost 3 years of a flight ban, Russian airlines to resume flying to Cairo as a first step before resuming flights to Red Sea resort cities.
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Egypt’s credit risk lower than peers’ as investors ignore ratings
Two major credit rating companies rank the country lower than Nigeria and Argentina, two of its main emerging-market competitors.
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Egypt’s smartphone brand market shares for March
Samsung’s dominance of the smartphone market continued in March, increasing its market share of sales by 4% month on month.
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EBD Economics: What is Monetarism?
Monetarism was adopted by Ronald Reagan in the USA to deal with high levels of inflation, but do you know what it is?
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Contractual farming of cotton applied for first time
3 companies contract with Agriculture Ministry to harvest 34,000 feddans.
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Egypt, Morocco to boost trade exchange
Trade exchange between Egypt and Morocco has notably improved over the last period, though it is still below potential.
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Ban on Uber and Careem suspended
Taxi drivers have long complained that both companies enjoy unfair advantages as they neither pay the same taxes nor follow same licensing procedure.
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Egypt seeks stronger economic relations with Russia
The year 2017 witnessed unprecedented trade volume between the two countries increasing by 62% compared to 2016.
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Egypt to meet investors this week ahead of euro-denominated bond
Egypt has already raised $4 billion through a triple-tranche bond in February.
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Project: Metro car sets
Procurement of 6 metro car sets (Supply and Maintenance Contract)
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Project: Train Sets and Locomotives
Procurement of 6 Train Sets and 2 Locomotives for Metro with spare parts and maintenance
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Egypt re-elected liaison for WTO African group
Egypt’s election to lead the African group at this time is a renewal of the trust Africa grants to Egypt. The African group comprises 43 WTO members.
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Egypt's net foreign reserves rise to $42.611 bln
In February, Egypt raised $4 billion in a dollar-denominated Eurobond sale to help plug its financing deficit and boost dollar holdings.
