Latest news
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The Egyptian Pound, a troubled currency, gets pounded
The emergence of an unregulated currency market shows that Egyptians’ faith in the country’s pound is weakening.
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Stand-off at with port workers strike at heart of Egyptian economy
More than 1,000 independent unions are colliding with an Islamist government that has been unable to arrest the economy's deterioration.
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Cash-strapped Egypt considers offering pyramids, other monuments for rent
Rumors about the proposal, which some described as preposterous, have circulated online for weeks.
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Egypt invites IMF delegation in March to resume talks on $4.8 billion loan
The government will present the delegation with changes to its economic reform program.
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Egypt's President Morsi reinstates Port Said's duty-free zone
In hopes of appeasing popular anger in restive canal city, President Morsi on Thursday approves restoration of Port Said's duty-free zone.
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Proven experts provide consultation on best fit technologies, processes and IT skills needed by today’s organizations
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Stock market experts slam new taxes
The tax on transactions will have a ‘disastrous’ effect on an already suffering market, they say.
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Egypt approves law allowing Islamic bonds
An earlier version of the sukuk law had been criticised by Islamic scholars, forcing a rethink.
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Egypt losing $15 million a day due to unrest
Egypt lost one billion pounds of tax revenues because of the unrest, yet the time when the losses occurred was not specified.
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Egypt's mobile phone companies referred to prosecutors
Egypt's antitrust watchdog says Mobinil and Etisalat have not been cooperating with an investigation into the companies.
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Luxor balloon crash a new blow to battered Egypt tourism
Residents and tour industry professionals fear that the accident will keep more tourists away, as Egypt struggles to revive the industry.
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Egypt to send economic plan to parliament in days
Asked when Egypt planned to invite an IMF delegation to resume talks on a $4.8 billion loan, Hegazy said: "I think within 10 days to two weeks."
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EFG-Hermes says Egypt unrest no bar to lower yields
The yield on one-year Egyptian pound Treasury bills is poised to decline another 25 basis points in the coming month.
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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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Egypt c.bank reviewing methods to buoy up tourism sector
Current priorities are to boost the Egyptian economy and face the foreign currency reserve shortage.
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Egypt gains 4th place in global Outsourcing
Following India, China and Malaysia, Egypt becomes a sought-after destination for outsourcing.
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Egypt reform plan targets recovery in forex reserves
The revised programme is vital for resuming negotiations with the IMF on a $4.8 billion loan to keep the Egyptian economy afloat.
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Egypt balloon crash kills 19 Asian, European tourists
One tourist and the pilot had survived the crash, which followed the blast at 1,000 feet.
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Army officers face investigation for assaulting HSBC employees
The bank’s spokesperson could not provide details but said the matter was currently under investigation by the authorities.
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Stock market loses LE5.2 bn amid political uncertainty
The main stock index, EGX 30, went down 0.84 percent, while EGX 70 went down 0.51 percent.