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IMF reaches deal with Egypt unlocking final $2 billion in aid
The IMF said the central bank’s aim of reducing inflation to single digits in the medium term would help to further strengthen macroeconomic stability
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Arab market contributes 25% of tourism inflows to Egypt
Youssef said that the Arab market accounts for nearly 25% of the volume of incoming tourist inflows.
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Russian ICT solutions for Egypt
Russian Minister of Digital Development, Communications and Information Konstantin Noskov explained the stakes of Russian-Egyptian ICT cooperation.
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How to benefit from Spring Consumer Trends
Spring is a season for change and preparation for summer, this means an opportunity for thriving retail.
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Project: Sanitary drainage treatment station
Sharkiya: Design, supply, erection & implementation of the sanitary drainage treatment station of 12,000 M³/day capacity
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Project: Supply of server instruments
Menia: Supply of server instruments
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Project: Supply of polyester cotton fibers
Gharbiya: Supply of 500 tons polyester cotton fibers.
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Project: Supply of corn and soybean
Giza: Supply of (a) 700 tons corn, (maize) also (b) 450 tons soybean meal.
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Project: Supply of influenza vaccines
Giza: Supply of influenza vaccines (Human Medicines)
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Egypt's new capital: Big project, big challenges
Egypt wants to start running the nation from a new capital in the desert from mid-2020, but the $58 billion project is struggling to raise funds.
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Egypt is key market, has strong potential for smoke-free future
Gkatzelis's remarks came during a roundtable meeting, that also included the Director External Affairs Egypt and Levant at Philip Morris International
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US dollar exchange rate continues decline in Egypt
The US dollar was sold at LE17.13 and bought at LE17.03 at the National Bank of Egypt, Banque Misr, the Arab African International Bank and others.
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National Bank of Greece-Egypt leaves market after 100 years
Assets sold to Bank Audi worth €110m including loans, deposits, securities,17 branches with 250 employees.
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Egypt's economy to expand 5.3% by end June this year
The report expects that FDI inflows (primarily into the energy sector) will cover Egypt's steadily narrowing current account deficits.
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Gas Market Regulatory Authority to transfer 25% of revenues to Finance Ministry
The authority is currently organizing the internal market for the domestic distribution of natural gas.
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Egypt estimates 5.8 percent growth in Q4
The Economy is already showing positive signs of recovery with the inflation rate dropping to reach almost 11% in December 2018, the lowest since 2016
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Egypt moves to cancel planned increase in stock exchange duty
Egypt has drafted a law to keep a tax on stock exchange transactions at 1.5 pounds per 1,000, cancelling an increase to 1.75 pounds per 1,000.
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Lebanon and Egypt sign economic agreements
The first MoU covered the exchange of tax expertise between Lebanon and Egypt.
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Three tombs discovered under Egypt's Great Pyramids
Egypt's Ministry of State of Antiquities announced the discovery of the tombs belonging to Behnui-Ka and Nwi Who from the fifth dynasty in Giza.
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CBE considers amending primary dealers system
CBE looking into ways to encourage secondary market trading of debt through amending the primary dealers system.
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Boost your e-commerce business in Ramadan
Payfort has 6 tips for all e-commerce business to boost their sales during Ramadan.
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Egypt cannot retain talents
Egypt ranks 96 out of 125 countries in the Global Talent Competitiveness Index. While Cairo ranks 113 out of 114 cities!
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Egypt's Sisi invited to US-Africa Business Summit in Mozambique
The invitation came from Mozambican president Filipe Nyusi to attend the US-Africa Business Summit to be held in Maputo in June.
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Egypt Tunisia trade exchange to hit $500m
Plans to form an industrial partnership between Egypt and Tunisia in some products, with the aim of exporting them to other countries.
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Egypt's economy: Reining in inflation
Institutional and structural reforms are needed in order to rein in rises in Egypt’s inflation rate, writes Nesma Nowar.
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Egypt's foreign exchange inflows hit $150bn
Foreign exchange flows received by the Central Bank of Egypt (CBE) since the flotation of the Egyptian pound since 3 November 2016 exceeded EGP 150bn.
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Egypt purchases 240,000 tons of Romanian, Ukrainian wheat
The quantities will be delivered from 20 May to 5 June.
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World has confidence in Egypt's economy
The CBE governor said that Egypt is adopting liberal policies in light of the country's aim to boost economic growth via depending on various sources.
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Egypt among top 5 global contact center locations
Egypt was praised in the survey for being constantly on the rise when it comes to its value offering in nearshore/ offshore contact center delivery.
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Egypt's Petroleum minister confers with Saudi counterpart on joint cooperation
The meeting took place on the fringe of the World Economic Forum held at the Dead Sea resort city in Jordan.
