News
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Banking sector a possible bright spot for Egypt
Analysts believe that the reason the country has been hanging on for the past year and a half is the positive movement of the banking sector.
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US development grants to Egypt plunged 95 pct in 2011: Official stats
State figures show US project funding tumbled after the revolution, while imports and exports each grew by about a fifth.
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In new region, EBRD told to proceed with caution
The European Bank for Reconstruction and Development was advised not to apply a one-size-fits-all model, and was told to be cautious.
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Egyptian villagers debate candidates' economic plans
One of the key factors of the revolution in Egypt was economic stagnation, and people are evaluating which president will get the country moving.
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Investors see boost from peaceful Egypt vote
When weighing options, one presidential candidate is safer for the economy than the other - or so the analysts say.
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Banque Du Caire raises SMEs portfolio to EGP 7.4 bln by 2016
Banque du Caire is reforming its SMEs program so as to provide SMEs customers with a line of credit, according to the bank's chairman Mounir ElZahed.
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Ex-premier is presidential candidate of choice for the rich
Wealthy Egyptians see Mubarak-era holdover Ahmed Shafik as the lesser of two evils, compared with Islamist Mohamed Morsi of the Muslim Brotherhood.
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Egypt and Tunisia: a tough spring for the economy
Economic activity has not collapsed in either country, yet the Arab Spring has definitely weakened economic growth.
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Oriental Weavers to invest $33 million for expansion, Borsa says
Oriental Weavers is planning to build the second phase of a production facility, and consequently increase the carpet capacity by 60%.
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Around €1 million in Egyptian assets frozen
Tunisia, Libya and Egypt have requested Cyprus' legal assistance, to get back funds taken by longstanding dictators in the region.
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'Positive' outlook for Egyptian property market
The government is doing all it can to support the incoming domestic and international demands for real estate.
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Sawiris backs new European telecoms fund
Egyptian billionaire Naguib Sawiris is supporting a fund management group aiming to buy underperforming telecom businesses in Europe.
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Number of tourists coming to Egypt grew by a third in Jan-May 2012
Numbers are still down compared to 2010 levels, but tourism minister is optimistic they will grow.
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Mubarak sons face graft trial next month: sources
Gamal and Alaa Mubarak, sons of ousted President Mubarak, will face charges of violating stock market and central bank regulations.
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Vodafone Egypt launches $20m investment fund and incubator
Vodafone is planning to support innovation and creativity in young Egyptians by launching a $20 million investment fund.
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Market Update: Egypt stocks gain 1.24 pct at Tuesday close
The main EGX30 index gained 1.24 per cent to sit at 4,449 points, after massive drops in the last few sessions.
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Egypt's Facebook users double: Ministerial report
Number of Egyptian Facebook users rises from 4.2 million to 10.7 million over past 15 months.
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Stability key to Egyptian tourism lift: minister
Political stability, safety and security in Egypt are essential in order to restore the tourism sector, says civil aviation minister Hussein Massoud.
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BNP Paribas mulls sale of Egypt retail network, QNB interested: sources
France's BNP Paribas has been approached by several Arab banks after it thought it possible to sell its Egyptian retail banking franchise.
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EFG Hermes says contract with Qatar QInvest legally binding
EFG Hermes is considering the counter bid of Planet IB, after unanimously voting for the QInvest deal recently.