News
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Meetings today discuss African Development Bank billion-dollar loan to Egypt
The chairman of the African Development Bank arrived this morning in Cairo to discuss a possible $1.4bn loan.
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Britain demands Egypt repay millions lent for arms deals
Britain is pursuing Egypt for debts of up to £100m that funded the purchase of arms under the regime of General Hosni Mubarak.
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Egypt receives 122 stolen artefacts from Australia
A collection of 122 ancient Egyptian and Greco-Roman artefacts is return to Egypt from Melbourne, Australia on 5 November Al Ahram reported.
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Moody's downgrades Egypt ratings on economic woes
Moody's Investors Service on Saturday downgraded Egypt's government bond ratings as the country struggles to recover.
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Rallying for breast cancer awareness in Egypt
Changing a concept about breast cancer, based on fears, was the main goal of a ladies’ golf club when organising its seventh breast cancer rally.
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Egypt's GASC buys 120,000 T Ukrainian wheat
Egypt has bought 120,000 tonnes of Ukrainian wheat for Jan. 11-20 shipment, the main government wheat buyer said on Saturday.
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Japan grants Egypt $3 million for Agriculture support
The Japanese Government is providing a $3.0 million grant to pilot participatory approaches in farm-level irrigation modernization.
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Egypt's NGOs receive $167m from abroad
The law does not prevent the NGOs from receiving funding from abroad, but it requires them to register with the Government.
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Small caps in focus as retail investors dominate
There is optimism in the market this week and hopefully this can continue into next week," said Margo Moussa, fundamental analyst at AFB.
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Revolution inspires Egyptian digital professionals
Project like "Zabtak and "Mandara Online" have already been brought to ArabNet Cairo 2011, and the digital flow of projects is rising.
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Spinneys bares plans for MENA expansion
Spinney's isopening its first store in Jordan, and identifying strategic opportunities to establish a presence in new markets across the MENA region.
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Egypt Media activists plan ‘public’ TV
This channel will be financed by Egyptians, who will be the owners of the new channel, since IPOs can be bought for LE10.
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Turkey removes import tariffs on Egyptian cotton yarn
The move comes as part of efforts by the countries to boost bilateral trade and cooperation.
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Egypt in talks over Ezz Steel licenses
The government wants to make sure the companies pay fines imposed by a recent court ruling, but wants them to keep the operating licenses.
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Moody’s cuts Egypt debt rating, citing weak economy, lower foreign reserves
The ratings agency said Thursday it lowered the bond rating to B1 from Ba3, pushing it even deeper into junk status.
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Egypt to decide soon on energy subsidy phase-out
Any decision would take into mind the needs of firms and how the increased costs would effect consumers.
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Ministry reveals 'secret' bank accounts of civil society groups
The judges found that the people and organizations in question received some LE1 billion from Arab and foreign countries over a six-month period.
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Middle East instability hits profits at acquisition-hungry Aramex
The instability in Egypt and the Eastern Mediterranean area did have an affect on the company’s results, making it expensive to make businessin MENA.
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Egyptian Companies to Storm Trade Fair in Ethiopia
Egyptian companies represent 32 out of 45 foreign companies at 4th “Buy Ethiopian” fair of the Ethiopian Chamber of Commerce & Sectoral Association.
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Egypt discussing private sector minimum wage
Alaa Ezz, Secretary General of the Federation of Egyptian industries said that the decision to increase the minimum wage to LE 700 has been taken.