News
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Sheikha Moza opens hi-tech imaging centre in Aswan
The aim of the center is to provide crucial magnetic resonance imaging (MRI) and computed tomography (CT) scanning before surgery.
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Trade Minister: Economic Stability Top Gov't Priority
Egypt needs billions of dollars to reach a final solution to the issue of unemployment, said Eissa on Saturday.
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Islamic markets seen leading global trade volumes
Muslim countries will account for 5 percent of the world's trade by 2025, with Egypt projected to play a larger role in Islamic trade finance.
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Qatar's Diyar to invest USD 543.8 mln in Egypt
The contract allocates USD 464.3 million to "Nile Corniche" project in Cairo and USD 79.5 million to a coastal resort development in Sharm El Sheikh.
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Egypt rejects U.S. funding for unregistered NGOs
14 U.S. NGOs in Egypt received 47.8 million U.S. dollars and 12 Egyptian agencies got 5. 8 million dollars, Minister of Int'l Cooperation Naga said.
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Egypt Long-Term Growth May Limit 7-Year Bond Yields: Arab Credit
The average yield on seven-year notes may reach 14.8 percent, compared with a rate of 13.8 percent at the sale of one-year bills last week.
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Educational deficiencies hinder Arab economies
World Economic Forum report sees lack of skills, training hurting competitiveness.
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Arab Spring, economic winter spook MENA investors
Since the Arab Spring started sweeping across the region, investors have taken flight.
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Real jobs, not a culture of entitlement, the way forward
100 million young Arabs entering the job market during the next 10 years, although only 50 million jobs have been created in the past 5 decades.
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Egypt's private sector minimum wage just an 'initial step': Official
Announcement of LE700 monthly rate raises questions over how the government will enforce it without giving further space to informal employment.
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UAE private-equity firm invests $20m in Jordan
Additional investment initiatives are to be rolled out to Lebanon, the Palestinian Territories and Egypt before the end of the year.
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Minster: Egypt will not backtrack on free market economy
Activists said that the companies were sold illegally under the ousted regime of Hosni Mubarak for prices far lower than their real value.
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Egypt slides to 110 in ease of doing business ranking
Egypt fell two places in the ease of doing business ranking, sliding to 110th place from 108 in 2011.
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Market Report: Egypt stocks edge 0.8 per cent anticipating healthy third-quarter results
Turnover is low and trades subdued as investors await Egyptian companies' financial figures for 3Q2011, a vital barometer for the economy's health.
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Egypt sells 4.5 bln Eg pounds in T-bills, as planned
The central bank sold 1 billion pounds of 91-day T-bills on behalf of the ministry.
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CIB, HSBC Agree on $351 Million Loan to Emaar Egypt, Al Mal Says
Fifty-six percent of the funds will be used to refinance existing debt, while the remainder will be invested in real estate projects in Cairo.
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Opaqueness and unrest burden Egypt's economy
Standard & Poor said it could lower Egypt's ratings further, later this year or in 2012, if the political transition falters.
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Egypt to grow 3 million acres of wheat in 2011-12
Egypt raised the price it will pay local farmers for their wheat next season to 380 Egyptian pounds ($63.60) per ardeb (140 kg) from 350 pounds.
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Muriya invests $250m in tourism projects
Muriya, which is 70 per cent owned by Orascom Development Holding, has invested to develop integrated tourism projects in Oman.
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Egypt Seals Off 3 More Gaza Smuggling Tunnels
The Egyptians uncovered the tunnels near the border with Israel & reported that the tunnels were being used for smuggling "construction materials".