Latest news
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Opinion: Is the United States Losing Egypt to China?
The forming of a formal strategic partnership between Egypt and China does indeed threaten to reduce Washington's sphere of influence over Cairo.
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Economy and capabilities determine IMF deal
It is as yet unclear how the President’s decisions and backlash against them will affect external financing agreements.
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Egypt’s stock market plummets for 2nd time after president’s decree
Wednesday’s drop of 4.6 percentage points was the latest sign of the impact of Morsi’s decrees on Egypt’s already battered economy.
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Mursi amends Egypt's trade union law
Law was ratified amid the political crisis that ensued after Mursi issued a Constitutional declaration immunising his decisions from judicial appeal.
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Egypt's OCI reports 31 pct drop in Q3 net income
The company said the construction group reported a 4.3 percent fall in its backlog over the previous quarter.
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Citi Research: 2012 a lost year for Egypt
The report mentions the political changes in August that swung power back to President Mohamed Morsy and the Muslim Brotherhood.
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Egyptian economy gets EGP15.6 billion off the internet
Boston Consulting Group and Google launched a report on how the internet affects the Egyptian economy.
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Energy the elephant in the room for Egypt
One has to suspect that the major issue with the IMF loan has to do with subsidies in general and energy subsidies specifically,
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Minister: Almost 12 million tourists to come to Egypt in 2012
The widespread security gap drove tourists away and drove the foreign currency earning industry to a near halt.
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Egyptians reject fatwa calling for destruction of pyramids and Sphinx
The Fatwa Committee at Al-Azhar rejected the fatwa, saying antiquities are part of the country's culture.
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Coca Cola expands 5by20 Women's Economic Empowerment Initiative
Egypt is among the countries chosen by Coca Cola's initiative 5by20 to empower 300,000 women.
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Not so much debt-forgiveness in Egypt
Farmers were heartened by the President's promise, but the debt cancellations are only being applied to non-performing – i.e. delinquent –loans.
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EU to unblock bank accounts of former Egyptian, Algerian Presidents
The accounts were blocked due to the events of the so-called ‘Arab Spring’ in each of the two states.
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Egypt borrowing costs rise as Mursi power grab sparks violence
The Arab country raised its target 5 billion Egyptian pounds ($821 million) at an auction of treasury bills.
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$4.8 Billion IMF Loan Gives Morsi's Egypt A Confidence Boost
An IMF agreement for a loan to Egypt provides stability, confidence, and international support for fiscal consolidation and structural reform.
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CBE exempts four banks from applying Basil 2 Standards
Banque Misr and the Principal Bank for Development and Agricultural Credit , amongst others, were exempted.
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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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Egypt's stock market tumbles almost 10% after Morsi's decree
Islamist president issued decrees to assume sweeping new powers, while police in central Cairo fired tear gas at protesters.
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Jumia plans to take Egypt's e-commerce by storm
Co-Founder of online shop Jumia Egypt Sherif Makhlouf: “We have what it takes to make it in Egypt.”
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El Mashrou3 application deadline moved to November 30th
El Mashrou3 TV extends its deadline for applicants till the 30th of November 2012. Don't miss it!