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Egypt Automotive Industry report 2019
NGage consulting offers us insight in this report about the automotive industry in Egypt and the future prospects for car sales market.
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Egypt hotels report RevPAR growth
The major Egyptian markets are forecasted to see an average RevPAR growth of 13 per cent in 2019 in comparison to last year.
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Egypt’s non-oil exports hit $2.043 bln in January
Non-oil manufacturing exports amounted to $1.611 billion during the same month, whereas food exports registered $432 million.
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Wealthy millennials boosting the art market
The global art market experienced another uptick in 2018, helped by an increase in the spending power of millennials.
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Vodafone dials in to 100% solar power in Egypt
The firm plans to build between 20MW and 25MW of new solar infrastructure by the year 2025.
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Trade exchange bet. Egypt, Japan hits $1.26B in 2018
Egypt’s imports from Japan included cars, tractors, machinery, electrical appliances, iron, steel, plastics and articles thereof.
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Egypt’s Canal Sugar inks financing deal worth $169 million
Egypt's Canal Sugar said it had signed a financing agreement worth a total of $169 million with a consortium of six banks.
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Egypt's finance minister says ministry's new strategic plan has been finalised
Egypt's Finance Minister Mohamed Maait inspected the new premises of the ministry in the New Administrative Capital.
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Greek investors seek to do business in Egypt
A delegation of major energy investors in Greece is interested in doing business in Egypt.
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Egypt is poised to turn into Africa's hottest tech scene
Approximately 60% of Egypt's population is under the age of 30 and internet penetration is skyrocketing past 40%.
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Trade exchange bet. Egypt, Japan hits $1.26B in 2018
The office added that Egypt’s most significant exports to Japan included Petrol, ready-made clothes, carpets, medicinal plants, cotton and vegetables
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Bosch eyes establishing factory in Egypt to serve as regional hub
Germany’s Bosch engineering and electronics company is eyeing establishing a major factory as part of its investment plan in Egypt.
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Egypt's petroleum ministry, Germany's DEA sign $20 mln energy exploration deal
The deal is in regards to oil and natural gas exploration in Ras Badran and Khaleeg El-Zeit in the Gulf of Suez.
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Egypt aims to harvest 3.6 mln tonnes of wheat this season
The state will pay farmers between 655-685 Egyptian pounds($38-$39) per ardeb (150 kilograms) of wheat depending on quality.
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World Bank urges Egypt to prioritize women's participation in the economy
At a labor participation rate of 23.1%, females remain an “untapped resource” in Egypt’s reemerging economy.
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Mobile World Congress 2019: Wrap up infographic
The event was a great success as it managed to gather 109,000 visitors from 198 countries.
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Egypt is rationalising food subsidies
The second phase of rationalising Egypt’s database of ration-card beneficiaries will take place in March, Minister of Supplies and Internal Trade said
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Egypt’s tobacco monopoly climbs
The government on Feb. 28 launched the private placement of 4.5 percent in Eastern Tobacco - a sale that was covered 1.8 times.
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BT100: Egypt's biggest business ceremony
The events is set to witness more than 800 guests from prominent business persons, to key influential individuals in the field of economics.
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North Africa Health launches early April
The 2019 edition introduces the re-branding of the show’s name from Mediconex to North Africa Health to better represent the regional market.
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Egypt govt mulls new support mechanism for exports
The government is looking for alternatives to its present dysfunctional export-subsidies programme.
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Mineral Wealth Law, terms of gold exploring do not attract investors
4.4bn were transferred to bank account of Al Sokari gold mines to boost Egyptian economy.
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EU chief, British PM May to hold Brexit talks in Egypt
An EU official warned "there will be no deal in the desert".
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1st Arab European summit launches in Sharm El-Sheikh
The trade exchange between Egypt and the European Union is at 28 billion euros in 2017 up from 17.4 billion euros 10 years before.
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Bank Audi considering buying NBG’s Egypt unit
The website of National Bank of Greece’s Egyptian unit lists 18 branches in Cairo and elsewhere in the country.
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Egypt issues US$4b in foreign currency bonds
The issue included $750 million in five-year bonds with a return of 6.2 percent, $1.75 billion in 10-year bonds with a return of 7.6 percent.
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Russia’s industrial zone in Egypt to launch by end of 2020-early 2021
The first eight companies would sign an agreement on participation in the Russian industrial zone in Egypt on February 19.
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Egypt making use of recent growth in tourism: minister
All state bodies, topped by the Tourism Ministry, are cooperating to ensure a successful organization of the 2019 Africa Cup of Nations 2019 in Egypt.
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Egypt's Arab Contractors eyes $57.2mln business volume in Africa
The company plans to compete for executing various infrastructure projects.
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Egypt begins receiving offers for dollar bond sale
The deadline for offers is later on Tuesday, Maait told Reuters.
