News
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Market Report: Egypt benchmark slips 1 pct on IMF loan delay
High-cap stocks see mixed performances as country's planning minister says loan will not be signed until June.
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Egypt's Looming Economic Shock Doctrine
The state deficit for the fiscal year that ends in June is expected to exceed 140 billion Egyptian pounds ($24 billion).
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IMF welcomes Egypt policy to reform economic issues
The IMF has long emphasized that the Egyptian policy to reform the current economic issues proved to be in its right way to overcome problems.
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Egypt halts tanker with Syrian oil for payment fees
Apparently, its agent has not paid the Suez Canal fees, therefore it hasn't passed and the issue is not linked to politics.
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Egypt Aims to Sign IMF Loan Agreement in June, Minister Says
Egypt will have access to half of the sum of $3.2 billion once the memorandum of understanding is signed.
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Egypt Suffers When Israelis Spend Passover Elsewhere
Hundreds of Israelis used to spend Passover in Sinai but this year that’s very unlikely to happen and Egypt suffers as a result.
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Egypt anticipates influx of Saudi tourists
A combination of cultural similarity and a wide range of tourist attractions is expected to draw large numbers of Saudi tourists to Egypt.
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Once-thriving Egyptian port suffers after soccer riot
Many of the city's officials and residents say the tragedy has destroyed Port Said's reputation and left them in financial trouble.
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Egypt and Czech Republic to boost economic ties
Historic relations between the Czech and Egyptian government result in about $60 million worth of Czech investments in Egypt.
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Egypt investors shift to longer-term debt: analysts
The central bank injected liquidity into banks on March 20 when it cut a reserve requirement on local currency deposits.
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Muslims Inc: How rich is Khairat El-Shater?
His prominent role in the Muslim Brotherhood & its Mubarak-era secrecy means the extent of his wealth and economic interests are difficult to trace.
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'Low-carbon economy' presents early escape from darker future
Egypt and other countries in the region need to switch to low-carbon economy, economist Drk Messner says.
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New Community to Be Set Up in Suez Gulf to Provide 200,000 Jobs
As many 524 feddens were approved to be allocated in urban economic area in the Gulf of Suez that will provide around 200,000 job opportunities.
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Misrpan transport optimistic about next 25 years
The company handles all exports and imports and logistics for El Gebaly Fruit Company, delivering citrus worldwide.
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Profits drop 34 percent at Egyptian cable firm Sewedy
Net profit fell to 536.5 million Egyptian pounds ($88.82 million) from 816.6 million pounds in 2010, the company said in a statement.
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Workers protest gov't appeal of privatization reversal verdict
The Administrative Court had issued rulings to regain the companies of Omar Affendi, Ghazl Shebeen, Tanta for Linen and other to the public sector.
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Market Report: Egypt major stocks up 0.2 pct on commercial bank rumours
Reports of an imminent capital rise in the Commercial International Bank fuel modest gains as foreign investors target select high-cap stocks.
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Egypt and Tunisia towards relaunch after Arab Spring
The political situation is now moving towards normalisation, and Egypt is ready to climb back on top.
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Fuel shortage threatens bread supplies
Some economists believe the current crisis may force the government to rethink its fuel subsidies’ policy.
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Supply of Wheat Starts April 20th At EGP 385 Per Ardeb
The government decided to purchase wheat from the farmers at prices ranging between EGP 375 and 385 per ardeb, higher than the world prices.