News
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U.S. seeks economic reforms in Egypt ahead of planned IMF talks
The U.S. suggested reforms include bankruptcy laws, streamlining bureaucratic processes and developing logistical capacity in the port city of Suez.
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Egypt aims to raise Chinese investments to U.S.$3 billion
The business institutions in Egypt are receiving support for development, Malek said at the inauguration of the Egyptian-Chinese business forum.
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Egyptian President's Iran trip signals new priorities
High on the list of interests is business, and Morsi has been traveling to Gulf Arab states & to China in pursuit of better trade relations.
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Shades of Mubarak: Egyptian journalists chafe under media controls
Morsy’s appointments and restrictions have led to howls of protests from Egyptian journalists. Has the Muslim Brotherhood taken a repressive turn?
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China to lend Egypt $200 million as leaders meet in Beijing
China Development Bank pledged the credit to the National Bank of Egypt, according to a deal that was signed after Mursi met with his counterpart.
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Egypt has third most financially literate population in MENA
The 2012 Global Financial Literacy Barometer is released by Visa and Kiplinger's Personal Finance Magazine.
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Egypt drops charges against Australian journalist
Mackell was released after two days in custody but banned from leaving the country while he faced charges that carry a maximum seven years' jail.
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Opinion: Egypt, Investment, and the IMF
The IMF loan is critical because Egypt’s foreign currency reserves are at low levels—a recurring theme in Egypt’s economic predicament.
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Egypt goes after Chinese tourists
The Chinese markets are promising in Egypt, especially with the increase rates of the Chinese tourists which have reached 20 percent annually.
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Ratings agency gives Egyptian banks a lift
Standard & Poor's lifted three Egyptian banks from negative watch after taking the same action on the credit rating of the government.
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Cairo-Luxor cruises return
Nile cruises, a major tourist attraction in Egypt, were stopped between Cairo and Luxor in 1994 because of the risk of militant attacks.
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Egypt’s President rules out currency devaluation
Mohamed Mursi confirms there will be no new taxes and will look to investment to fix the country's economy.
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Chinese investment focus of Egypt president visit
Morsi leaves for China late Monday on his first visit outside the Arab world since becoming president in June.
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Egypt reopens Gaza border crossing for passengers
An official said from inside the Rafah crossing that it will be open six days a week, with normal security measures.
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IMF loan, reforms both vital for Egypt: analysts
A chief concern is the decline in central bank reserves which have plunged from US$36 billion at the start of January 2011 to US$14.4 billion.
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PM discusses with Nissan delegation expanding investments
The investment minister said that the two sides discussed a plan for expanding Nissan's activities in Egypt in the coming few years.
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Egypt and the IMF: Turning a new page?
It is high time for Egyptians to give the economy the attention it deserves, and agreeing on a program with the IMF.
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Morsi vs. Egypt's Press
A court remanded the editor-in-chief of a local newspaper Thursday on charges of “insulting the president”.
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Private equity firms stimulate earnings and deals in post-revolution Egypt
Last year, a number of private equity-owned businesses in the country increased their earnings by 40 percent or more.
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Egypt's leaders under strain as fuel shortage adds to economic misery
Ministers have been forced to seek loans from other high risk traders, but the sky-high interest rates have dented the treasury's balance sheet.