News
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Egypt's new president faces burden of expectation
Unemployment, soaring prices and sinking sectors like investment and tourism are expected to be "solvesd problems" under Morsi.
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Military council approves 2012/13 state budget
SCAF finally approves new state budget, to come into effect 8 July; Total state spending for 2012/13 expected to reach LE635.4 bn.
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Housing Ministry allocates USD850m for new cities infrastructure in 2013
The housing ministry has targeted the completion of infrastructure including water desalination plants in New Cairo, Sohag and Akhmim.
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Hussein Salem's business partner arrested in Madrid
Hussein Salem, business tycoon that is wanted in Egypt to sit off his jail-term, has lost his longtime partner Ali Evsen to the Interpol.
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Market analysts forecast seesawing trading indices
The Egyptian stock market was rated the second fastest emerging market worldwide in the first half of 2012.
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Egypt's Morsi raises public-sector bonuses, pension rates
New president decrees 15-pct bonus increase, raises monthly pension rates from LE200 to LE300 as military council approves 2012/13 state budget.
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Egypt signs $1 billion finance for food, energy
The Saudi Arabian Islamic Development Bank will offer $1 billion to Egypt to support its economy via Islamic Finance.
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El Sewedy to invest $350 mln in Niger
Helping Niger with its multi million dollar project adds another milestone in Sewedy's African investment marathon.
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Egypt's budget still in limbo as fiscal year begins
Spending plan for 2011/12 remains in effect as Egypt's controversial draft budget awaits military approval.
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Banque Misr receives sizeable capital injection
The government decided to provide an EGP 6.3 billion capital injection to Banque Misr, rendering the value of the bank’s capital at EGP 11.3billion.
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Eric Schmidt on technology vs. dictatorship
How does the executive chairman of Google see the role of smart phones and social media in driving democratic change globally?
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Egypt entrepreneurs fear for future
Egypt's entrepreneurs and craftsmen are worried they will not reap any of the benefits that the elected president is promising.
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Google sees the promise in hardware
Usually known as a software development company, Google decided to claim the new peaks of hardware technology and release its own tablet.
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Absence of large financing deals in the first half of 2012
Banks in Egypt are putting their hopes up, now that stability might return to the country after a president is elected.
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Lagarde tells Morsi IMF ready to support Egypt
Head of the global financial body suggests loan negotiations will continue, as Egyptians abroad continue to demonstrate for a debt amnesty.
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Big business thrives under new regime in Egypt
Multinational companies faced little challenges in the past 18 months, compared to the locally established firms.
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Egypt president to encourage investment, tourism
Newly inaugurated Egyptian president Mohammed Morsi vowed to work hard on encouraging investments, especially in the tourism sector.
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President Morsi pledges 'new Egypt'
Egyptian president Mohammed Morsi was sworn in at the Supreme Court on Saturday, as the military handed over its power.
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Egypt tops emerging equities in H1; BRICs weak
Egypt's president-elect Morsi pushed up the stocks to top the emerging stock index MSCI, in the first six months of 2012.
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Under Mohamed Morsi, will Egypt’s tourism industry conform to Islamic Law?
What happens when an Islamist politician ascends to the peak of executive power in Egypt, the Arab world's most populous country?