Latest news
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Is Apache's presence in Egypt cause for concern?
The company's operations in Egypt have continued largely uninterrupted despite the recent violence.
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OPEC to help finance new power station in Egypt: Minister
The plant is expected to produce 1950 megawatts of electricity starting in 2017.
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Egypt received $7 bln of total $12 bln Gulf aid: CB governor
Of the $7 billion currently received, $3 billion was from the UAE, with a further $2 billion each from Saudi Arabia and Kuwait.
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Finance Minister: Government has clear-cut plan to flourish economy
The government has a clear-cut plan to flourish the economy and achieve social justice, said Finance Minister Ahmed Galal.
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Egypt and Kurdistan owe more to Dana Gas, company says
In Egypt, $290 million of invoices have not been paid, $210 million of which is overdue.
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Majid Al Futtaim waits for stability in Egypt, Syria
MAF had been in advanced talks to buy Egypt’s largest supermarket chain Metro.
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In post-revolution Egypt, business picks up online
While e-commerce in the country is picking up, industry observers warn of hurdles.
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Egypt pound edges up
Egypt's pound strengthened both at a central bank foreign currency sale on Thursday and on the black market.
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Egypt receives $2 billion deposit from Kuwait
Egypt’s central bank has received a $2 billion deposit from Kuwait, the governor said on Thursday.
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Real estate investors shun Egypt
A series of developments that tried to capitalise on a shortage of high-quality offices in Cairo have recently been completed.
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Trade union federation rejects minimum wage, threatens ‘3rd revolution’
The federation warned that workers will continue their struggle "even if it costs them a third revolution."
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Minister of Finance reassures EFG-Hermes on economy prospects
Minister Ahmed Galal discussed in a conference call with EFG-Hermes the government’s plans to boost economy and encourage investors.
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Orascom Construction parent company extends its tender offer in Egypt
Dutch-listed OCI NV will extend its mandatory tender offer in the Egyptian stock exchange.
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German travel giant TUI resumes tours to Egypt
The German branch of travel giant TUI PLC says it will reopen hotels and begin flights to the Red Sea coast immediately.
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Eni confident Egypt will honour $800m debts
Eni, Italy’s largest energy company, has said it is confident that Egypt will soon repay the $800 million debt it currently owes the firm.
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Weak tourism, remittances hurt Egypt
Tourism receipts tumbled to $1.67 billion in the second quarter, a decline of $663 million from a year earlier.
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Egypt's new government to extend their control over fruits and vegetables
Minister has given grocers nationwide a time-limit of a week to reduce prices, or he will set prices and allot them a profit margin of 25 percent.
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Turkish Tourism impacted by dispute with Egypt
Turkish goods shipped through Egyptian ports dropped as much as 30 percent after Mursi’s ouster.
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Egyptian World Robotics Olympiad: Join the final round
This year in the Egyptian World Robotics Olympiad Final Round more than 200 students are competing in teams.
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CBE: Account deficit drops 45%, trade deficit drops 7.6%
Foreign Direct Investment in Egypt dropped by 25%, reaching $3 billion, according to a press release published by the Central Bank of Egypt (CBE).