Finance News
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Mobile phones are next generation’s tool for electronic payment in Egypt: VISA
Using mobile phones to make payments requires an infrastructure that is not currently present in Egypt though.
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Egypt foreign reserves rise to $16.736b at end-July
Reserves rose last year when Gulf Arab states gave billions of dollars of aid after the army deposed elected Islamist President Mohammad Mursi.
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Egypt's Juhayna second-quarter profit falls
A 6-percent rise in sales was outpaced by a nearly 12-percent surge in the costs of goods sold, the company said on Wednesday.
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Egypt to pay energy companies via bond sale, Dimian says
Dimian said the government will pay for part of the arrears with savings from a recent reduction in fuel subsidies.
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Ministers to speak at Euromoney Egypt 2014
Euromoney will return to Cairo on the 16 and 17 September for its annual gathering of finance and investment professionals.
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Egypt to float shares in Suez Canal project
Five-hundred million shares in the project will be available to investors at a rate of $14 a share for Egyptians and $100 per share for foreigners.
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UAE and Egypt lead the number of private equity investments in 2013
The UAE and Egypt led the number of investments for the Mena region accounting for 20 per cent followed by Lebanon (18 per cent).
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Mubarak-era tycoon Ahmed Ezz paid all required bails: Lawyer
Farid al-Deeb said Ezz paid a bail of 100 million Egyptian pounds on Monday and that he will be released when all procedures are completed.
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Kerry to Mehleb: We are keen on supporting Egypt
Mehleb also presented the government's plans for economic reform and services, including the construction of a 3,000-kilometer road network.
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Dana Gas says to recover overdue Egypt payments by 2018
The company is putting in place a new arrangement with the government that will permit it to invest in new Egyptian wells.
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Egypt to hold international development conference by 2015
Mehleb said Egypt would organise a conference for all its development “partners” by the end of the year or the beginning of 2015.
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Egypt's economy gradually recovering after its 'Second Revolt'
Egypt's economy is gradually recovering following last summer's "second revolution", though a fresh outbreak of political unrest remains a risk.
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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.