News
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New requirements on exporting textile products to Egypt postponed
This is the second time the implementation of new specifications on imported goods into Egypt has been postponed.
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Egypt's Suez Canal rises 3.5 pct in year to March
The canal's revenue in March 2011 was $413.5 million and revenue rose 12.2 percent month-on-month from $381.4 million in February 2012.
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Market Report: Egypt market slips 2.7 pct on political and IMF loan uncertainty
Unresolved issues between government and Islamist-dominated parliament undermine investor confidence in stocks.
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PM Discusses Problems of Trade Unions, Education
The prime minister asked that additional pension be given to members of the professional trade unions.
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Italy may convert $100 million of Egypt debt into grants: Italian PM
Around a quarter of the sum Egypt owes to Italy could be redirected into development and infrastructure projects, according to state news agency.
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Egypt’s Presidential Battle Kicks Off With Focus on Economy
Twenty-three candidates had registered to run in the presidential election, with main focus on economy.
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Egypt stocks drop to 8-week lows
Sealing the $3.2 billion IMF facility would reassure investors shaken by more than a year of political and economic turmoil.
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Egypt Participates In Arab Insurance Conference
Abdel Raouf Kotb, chairman of IFE announced that he will talk about Egypt’s January revolution and how it affected the insurance market.
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Egypt Could Run Out Of Water By 2025
With rapid population growth, limited agricultural land & challenges to its share of Nile waters by upstream states, the UN is worried about Egypt.
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Turkish firms to invest over 1 bn USD in Egypt
During a recent visit to Cairo, Turkish Prime Minister Recep Tayyip Erdogan pledged to triple trade and investment with Egypt.
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Court turns down lawsuit against OTH split
The shareholder did not submit a grievance to the bourse regulator, the court stated, justifying its rejection move.
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World Bank to allocate US$250 million for Cairo transport
The loan will allow Egypt to buy quality eco-friendly buses to join the arsenal of the Cairo Transportation Authority.
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Arab Spring's loss is Gulf and Turkey's gain
The loss of tourism traffic to Egypt, Syria, Yemen and Morocco in 2011 was a gain for other countries such as Turkey and the UAE.
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American University in Cairo research conference
The conference covers topics such as social entrepreneurship, entrepreneurship education, green innovation and sustainability.
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New blast hits Egypt gas pipeline serving Jordan, Israel
The blast took place in the northern Sinai at the entrance of the Mediterranean coastal town of Al-Arish.
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Egypt Parliament approves draft law on wage caps
Parliamentary budget and planning committee green-lights bill setting national maximum wage at LE50,000 a month - some 35 times official min. wage.
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Egypt's Islamist candidate says IMF deal unlikely
Khairat al-Shater said he realized the country's finances were precarious and a severe crunch could come by early to mid-May.
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SunCity Mall opens in Egypt at a price tag of LE 3 bln
SunCity Mall is the first retail flagship for HNS Group, an international contractor and real estate developer.
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Microsoft, Silatech launch Egypt job portal
MasrWorks is available in both Arabic and English, and provides resources ranging from online career guidance to entrepreneurship training.
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Egyptians receive a third of deferred Iraqi transfers: Central bank
Banks have already paid out $130 million to Egyptians who lost assets in Iraq during the Gulf War, according to a statement.