Trade News
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Monti (ICE), new mission with Calenda in July
Italy is optimistic after Sharm Italy economic summit.
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Egypt moving forward with reforms, trade minister
Italy confirms confidence during Abdel Nour's visit to Rome.
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Expo: food theme of Italian Cooperation in Egypt
The theme of Expo Milan 2015 - Feeding the Planet, Energy for Life, is an element coinciding with the objectives of many programs funded by the Italian Cooperation in Egypt.
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Oppo to invest EGP 100 million in Egypt’s smartphone market
The move is expected to provide jobs and benefit the IT sector in Egypt.
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Egypt economic policies starting to pay off, IMF says
Government of President Abdel Fattah El-Sisi didn't request an IMF loan, but reiterated that the Fund stood ready to provide assistance if asked.
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Egypt’s non-oil private sector extends contraction in April: HSBC
Business conditions in Egypt’s non-oil private sector economy worsened driven by an ongoing decline in employment.
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Emaar Misr's Egypt unit aims to raise $367 mln -statement
The board had recommended to shareholders that the developer offer 600 million shares on the Cairo bourse to raise EGP2.8 billion.
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Egypt strikes deal to import 120,000 wheat tonnes
The deal is expected to supply Egypt with wheat until the beginning of October this year.
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Mubarak era business tycoon offers LE4.6 bn for reconciliation with government
One of the most prominent cases against the business tycoon involves exporting natural gas to Israel below market rates, resulting in losses to Egypt.
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Orascom, Bombardier to build $1.5 billion monorail in Egypt
The train will connect the Cairo metro system, which is being expanded, to areas west of the capital including 6th of October City and Sheikh Zayed.
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Sudan, Egypt opens land port to boost border trade
The inauguration of the Qustul land port will boost the volume of trade between the two African countries.
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Al- Sisi meets Spanish economy minister, businessmen
Officials discuss prospects of Spanish investment in Egypt, presidency says.
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Egypt’s crackdown on dollar black market cripples importers
Egypt has four main sources of foreign currency including direct investments, tourism earnings, revenues of the Suez Canal and the remittances coming from overseas Egyptians.
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Egypt's Mobinil sells unit stake to Eaton Towers subsidiary
Mobinil, 99 percent owned by France's Orange, said revenue rose to LE2.794 billion from LE2.649 billion.
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Sainsbury’s rejects Egypt legal case against CEO Coupe
In 1999, Sainsbury’s invested in a company called Edge that was owned by Nasharty. The joint venture was wound up in 2001 with Nasharty agreeing to buy back Sainsbury’s shares for about 40 million pounds ($61.6 million).
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Egypt’s Dollar Black Market Returns as Shortage Unresolved
Egypt’s black market for dollars has reappeared less than three months after the central bank declared it finished.
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HTC raises Egyptian market share of smartphones to 7%
“Setting a limit to dollar deposits lowered chances of sale growth”, says Abdel Mohsen.
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Egypt hosts annual meeting of financial regulators from emerging markets
Forty financial regulators will discuss how to develop derivatives, ETFs and bond markets within their countries.
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Large-scale cooperation between Belarus, Egypt
Belarus and Egypt are connected by multipurpose and large-scale cooperation.
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IDB Seeks Egypt Repayments Before New Islamic Debt Is Issued
Egypt will need to complete projects and start repaying loans if it wants more funds from the Islamic Development Bank.