Finance News
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26.3% of Egypt is poor: CAPMAS
Poverty increased by an annual 1.1%, while an Egyptian 5-headed household needs EGP1,620 to fulfill its basic needs.
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Directory members to get 15% discount on conference
Members of Egypt Business Directory receive 15% discount on registration fees for AlMal-GTM’s Rebuilding Egypt’s Public Diplomacy Conference 2013.
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Women strive for economic equality in MENA
Ashoka Changemakers competition aims at gathering innovations for economic equality in the MENA region, under the slogan “Women Powering Work”.
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Egypt to be global growth powerhouse by 2040: Ernst and Young
Ernst and Young stated that Egypt is the second most attractive country in Africa for foreign direct investment since 2003.
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Egypt's top companies: the Power 34
Forbes Middle East published its Power 500 list, giving an account of the region’s top 500 companies – Egypt scored 34 times.
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Who is the new Investment Minister?
New Minister of Investment Yehia Hamed Abdel Samie is a graduate of the Faculty of AlAlsun and spent most of his career at Vodafone.
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Who is the new Finance Minister?
It is time for Islamic Finance: PM Hisham Kandil appointed Fayad Abdel Moneim Hassanein as the new Minister of Finance in his last Cabinet shuffle.
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The 20 businessmen accused of stock market manipulation
General Prosecutor Dr. Talaat Ibrahim ordered the freezing of assets of 23 Egyptian and Saudi Arabian businessmen.
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Allianz shows strong results in 2012
Allianz revenues rise 2.7 percent to 106.4 billion euros and operating profit rose 20.8 percent in 2012.
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Visa and Samsung sign alliance to accelerate mobile payments
Financial institutions will be offered a secure service to download payment account information to Samsung’s mobile devices.
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CBE's power struggle with the MB?
Central Bank of Egypt Governor Hisham Ramez assured that the International Monetary Fund could not control the exchange rate of the Egyptian Pound.
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Egypt's Economic Prospects 2013
Egypt’s GDP growth is expected to rise to 3.8% in Fiscal Year 2013 – 2014, whereas by 2014 – 2015 it will rise to 4.7%.
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Experts amend new "unconstitutional" tax laws
The Egyptian Business Development Association hosted a conference in an attempt to suggest corrections to the newly announced tax laws.
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Allianz announces its Q3 profits
After its third consecutive strong quarter, Allianz expects 2012 operating profit to exceed 9 billion euros.
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MEED's insight on Egypt's economic state
MEED, the Middle East's leading business and economic analyses-provider, offers insights on Egypt's Projects Market 2012.
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Citadel Capital MD focuses on the bright side of instability
MD and Co-Founder of Citadel Capital assures that it is in time of instabilities, when opportunities can still be found.
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Citadel Capital announces positive, prosperous progress in 2Q12
Citadel Capital reported a 6.9% quarter-on-quarter rise in total invested equity as it began drawing down funds.
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MasterCard and EgyptAir plan to promote Egypt's tourism together
Clients who hold a MasterCard can book their tickets via EgyptAir online and ensure a 5% cash back.
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Beltone Financial and Altree Capital announce alliance
Together, both firms are planning to offer several asset management products to investors everywhere.
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Dear English-speakers: You earn 3 times as much in MENA
A second or third language is always an asset – especially when talking about one’s monthly salary in MENA.