News
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Cabinet: Egypt electricity consumption rises 95 pct over last decade
National electricity-consumption levels grow by whopping 95 pct from 2001 to 2010 - more than three times international and Arab-world averages.
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Brotherhood businessman urges business to play role in development
Hassan Malek, businessman and Muslim Brotherhood member, decided to work “hard and fast” to ride the wave of change after the revolution.
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Egyptian Economy: A Crisis of Confidence
Political uncertainty and an absence of physical security have scared away tourists and investors alike as local capital has taken flight.
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Expats the economic backbone of Egypt
In addition to pressures on the balance of payments, lack of political progress is putting at risk the chances of fiscal reform.
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Market Report: Egypt's market closes in red after Easter holiday
Foreign investors - spooked by country's uncertain political situation - stress market through their sales.
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Cabinet: Egypt electricity consumption rises 95 pct over last decade
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Start-up firms bloom in wake of Arab Spring
Regional uprisings have created fresh demand for products and made governments more sympathetic to the needs of new and smaller companies.
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US choice Jim Yong Kim is new World Bank chief
Dr Jim Yong Kim will succeed Robert Zoellick, serving a five-year term beginning on 1 July, the World Bank said in a statement.
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Barclays Egypt hosts Ceremony for Commercial Banking & Corporate Credit Risk
The Barclays credit course programme is offered exclusively to Barclays colleagues to reinforce and support their interest.
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Consumer Confidence Surges in Middle East: MasterCard Index
The MasterCard Worldwide survey recorded a three-point rise in Middle East consumer confidence from the previous six month period.
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Nasr Cooling Company operates tanks
Monday, the armed forces began removing water, which submerged company premises and the street where it is located as the fire was extinguished.
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The U.S. trails Egypt in unemployment insurance
At least 30 countries have unemployment benefits more generous than the U.S, according to the International Monetary Fund (IMF).
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In Egypt, the poor make a living off subsidized propane
Crowds wait to fill cylinders with subsidized cooking gas, which they sell on the black market -the earnings help them scrape by amid rising prices.
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Egypt’s economy likely to grow 1.6% in 2012-13
Gross domestic product (GDP) will grow by only 1.6% in the financial year starting on July 1, 2012, but will rise to 4% the following year,
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Egyptian delegation heads to Washington for IMF, World Bank meetings
Egypt's finance and communications ministers will attend the key spring summits, yet a no-show from Faiza Abul-Naga.
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Iran: Willing to supply Egypt with nuclear technology
Iran is seeking to enhance relations with Egypt by providing the country with nuclear technology, according to Iran's FM.
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Mediterranean conference seeks to flourish tourism in Egypt, Tunisia
The conference is being organized by the United Nations World Tourism Organization (UNWTO) in cooperation with the Tunisian government.
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Rare glimpse into Mideast middle class angst
Middle class views on their economic situation vary widely from country to country, according to a poll.
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Egypt 'needs £7.5 billion bail-out to avoid bankruptcy'
Egypt will need to seal a $12 billion (£7.57 billion) bail-out led by the IMF and EU to avoid bankruptcy.
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Iran plans to establish embassy in Egypt: FM
“The Islamic Republic of Iran is seeking to enhance relations with the country of Egypt to the level of embassy,” Iran's FM stated.