Finance News
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Egypt to dig new canal alongside Suez Canal: authority chairman
Egypt said on Tuesday it would build a new 72-km (45-mile) canal alongside the Suez Canal, the chairman of the Suez Canal Authority said.
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Egypt seeking a $1.5 bln loan to repay oil debts -Oil Minister
Egypt wants "a loan from local and international banks for at least $1.5 billion of debt to foreign companies operating in Egypt."
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It's never over: Egyptian government preparing new stimulus package
The new package aims to revitalise and expand the activities of the private sector through removing the “bottlenecks” facing economic key sectors.
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"Death on the Nile": 20% of Egyptians experience food insecurity
Food insecurity in Egypt is a result of “structural issues in the food supply system”, according to a report by Future Directions International.
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The Difference between Social Justice and Social Protection
Despite their necessity, the extensive expenditure on social protection programmes will not achieve what Egyptians aspire to.
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Egypt moves on energy reform from the ground up
The new program is part of a wide ranging effort to finally address the country’s energy crisis.
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WB: U.S. $500 mln loan to connect 1.5 mln Households to Natural Gas
The Project supports the Egyptian government's program to replace household consumption of Liquefied Petroleum Gas with grid-connected natural gas.
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Egypt mulls new capital amid furore
The plan envisages relocating the ministries, the parliament and the presidential seat to a new city outside Cairo.
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Q&A: Ramez Mohamed from Flat6Labs
Flat6Labs' Managing Director talks about competition in the startup scene, the role of the gov’t and a tiny, but bright spot in Egypt's economy.
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Egypt's economy: Pharaonic frailties
Sisi appears to have pulled off a reform long urged by the IMF and long postponed by previous presidents.
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The story behind Egypt's BOP improvement
Egypt's current, capital and financial accounts have improved July - March 2013/2014. Find out what money went where.
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Egypt's Prime Minister defends fuel-price increase
Egypt's public has long relied on government-subsidized fuel, bread and energy that account for nearly one-third of the nation's budget.
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Tony Blair denies signing as economic adviser for Sisi
Blair denied the reports, stating that "the story is nonsense", and that he is seeking no business opportunities in Egypt.
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Egypt's richest man sentenced to 3 years in jail on tax evasion: ETA
Sentenced in absentia, Nassef Sawiris is also fined LE50 million for refraining from paying due checks to Egypt's tax authority.
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Egypt to pay $1.5bn oil debt this year, restarts BP deal
The latest government figures put Egypt's debts to foreign oil companies operating there at $5.7 billion.
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Sisi to give up half his salary and properties 'for Egypt'
Sisi vowed to waive half of his EGP42,000 salary, as well as 50% of his properties, and added that he could not override judicial decisions.
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Egypt taking oil shipments for June needs despite free Gulf fuel-official
Energy prices in Egypt are among the cheapest in the world, with subsidies eating up a fifth of state spending.
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Wheat market decline cuts prices at Egypt tender
Egypt's GASC grain authority at tender bought 180,000 tonnes of Romanian and Russian wheat, for an average of $262.15 a tonne including freight.
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Arab Investors Union: Foreign aid cannot build an economy
Ambassador Gamal al-Bayoumy, head of the Union of Arab Investors, said using Arab aid in bridging the budget deficit is not good enough.
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Egypt worst for pay in Middle East, say hoteliers
Respondents in the 2014 Hotelier Middle East Salary Survey named Egypt as the country with the worst pay levels than anywhere else in the region.