Latest news
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Egypt forex reserves rise to $17.489 bln in April- c.bank
Egypt's foreign reserves rose to $17.489 billion in April from $17.414 billion in March, the central bank said on Wednesday.
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Egypt’s economy seen just meeting 2013/14 growth target
The country's economy is predicted to grow 2.1 per cent this fiscal year, finds Reuters poll.
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Solvers Camp: Do you hold the solution to Egypt's challenges?
Solvers Camp is looking for applicants with projects to overcome Egypt's challenges in Energy, Agriculture and Entrepreneurial Education.
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Seesi says Egypt business must share cost of economy push
Sisi also said it will take time to remove the subsidies on staple goods that have swollen the country’s budget deficit.
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Suez Cement Company invests EGP 300m to convert plants to use coal power
The company is still waiting for final approval from the Ministry of Environment following a controversial cabinet decision to import coal.
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Egypt’s economic court imposes fine on Mobinil for misleading ad
Mobile phone provider hit with hefty fine over an ad it published in a newspaper claiming that it was the country's best in terms of quality.
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Egypt announces plans to revive flagging tourism sector
Government data showed last month that tourism revenue dropped 43 percent to 1.3 billion US dollars in the first quarter of this year.
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Gulf Arabs’ free fuel for Egypt reaches $6B in value
The aid helps reduce the heavy costs of government fuel subsidies and the drain on the foreign exchange reserves.
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Gulf Arabs’ free fuel for Egypt reaches $6B in value
The aid helps reduce the heavy costs of government fuel subsidies and the drain on the foreign exchange reserves.
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Israel to supply Natural Gas to Egypt
Noble Energy announces Letter of Intent with Union Fenosa Gas for the export of Tamar Natural Gas to existing LNG facility.
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Ericsson offers Vodafone Egypt a taste of Barcelona
Mobile World Congress is the world's greatest annual mobile event where the industry gathers in Barcelona to experience new ideas.
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Vodafone to invest EGP 9bn in Egypt
The future investments will create 3,000 job opportunities for Egyptians until 2017 with the aim of revitalizing the economy.
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Egypt's Palm Hills in talks over $342.5 mln loan
The country's second-biggest listed property developer said it would be used to refinance around 640 million pounds from its current bank loans.
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Nigeria, S. Africa, Egypt account for half of Africa's economy: World Bank
Nigeria, South Africa and Egypt account for about half of the African economy says new data released by the World Bank Group last week.
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Telecom Egypt agrees to pay 2.5 bln EGP for mobile licence
Telecom Egypt approves to obtain mobile phone licence without frequencies for LE2.5 billion.
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Egypt petroleum companies owe $6bn to foreign companies: EGAS
Egypt is facing a serious issue as a result of the government’s inability to pay its debts to foreign partners in light of poor economic situation.
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Egypt launches “We Miss You” ad campaign to lure back visitors
Egypt's Tourism Minister Hisham Zaazou says there is still a demand for Egypt and a demand for Egyptian products.
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Egypt is safe for Arab tourists, says Tourism Minister
The Arab nation is looking towards the Gulf region to revive its slowing tourism sector.
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Egypt's GASC buys 110,000 tonnes of wheat from Ukraine, Russia
GASC said it bought 55,000 tonnes of Ukraine wheat from Venus and 55,000 tonnes of Russian wheat from Glencore.
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MENA's Monetary Trends 2014
The monetary policy of the Middle East and North Africa has been expansionary and will remain so for the time-being, according to Emirates NBD.