News
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‘Mena region to see 2-track growth; GCC gets oil boost’
The IMF has cut its 2012 real GDP growth forecast for the Mena region from 4.2% to 3.6%.
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It’s Trending Egypt: #right2vote, #occupywallstreet, #NoMilTrials
An update on what is hot among Egyptian tweeples, what topics are most discussed and why.
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Forum to deliberate on Mideast family business practices
The IIFE has previously held Arab-German Family business summits in Egypt, Bahrain and Jordan.
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Mobily opens outlets to serve pilgrims
Mobily set up a number of outlets in some Islamic and Arab countries including Turkey, Egypt, Indonesia and Malaysia.
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Cairo Airport flights back to normal
Sources at the airport said that EgyptAir has incurred losses of more than LE30 million because of the strike.
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Minimum wage for Egypt's private sector is expected to be announced Sunday
Minimum wage is expected to be around LE700 per month, in line with public sector's, government ready to declare Sunday.
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Teachers renew protest, Brotherhood denies participation
Teachers' demands continue, but some groups decide to stop striking.
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Landmark Group eyes $5 revenue by 2015
The Dubai retail and hospitality giant believes that the main drivers of the projected growth would be markets in Egypt, Lebanon and Turkey.
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Arab Spring countries will achieve economic growth, report
The economies of Arab countries were more flexible during this year’s uprisings if compared to the political unrest in Washington.
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Value is the most important factor for Irish tourists
Egypt bounced back surprisingly fast for Irish tourists, and flights to Egypt from Dublin will resume at Christmas.
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Orascom Construction secures USD 2 billion in credit facilities
This package will help Orascom achieve its twin objectives of refinancing the credit facilities which were due in 2013.
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Central Bank: Remittances reach new heights
Remittances sent to Egypt by Egyptians abroad reached unprecedented amounts during the 2010/2011 fiscal year, Central Bank of Egypt report says.
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Cairo Int'l Airport Returning to Normal after Strike
The operation of Egypt's Cairo International Airport was gradually returning to normal on Friday after dozens of fights had been delayed.
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Egyptian ITIDA launches e-signature competence centre
Egypt's Information Technology Industry Development Agency (ITIDA) has announced the launch of the new Egyptian e-Signature Competence Centre.
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Foster Wheeler’s Egyptian FEED Deal
Foster Wheeler AG’s subsidiary has been awarded a front-end engineering design contract for the Qasr Compression Project in Egypt by Apache Khalda.
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Egypt hopes to borrow its way out of crisis
Borrowing is the only solution, say Egypt's financial heads, as foreign investment, tourism and currency reserves all struggle.
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Egypt Political Delays Causing Economic Concerns, Fitch Says
Delays in Egypt’s transition to democracy are slowing its economic recovery, with reserves falling amid a worsening outlook for the global economy.
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Qatar 'grant comes to the aid of Egypt'
Egypt’s economy has been saved from an “acute crisis” because of the timely grant of $500mn from Qatar.
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Raya IT building data center for Egypt's credit bureau
The Egyptian Credit Bureau (I-Score) has appointed Raya IT to design, build and implement a new data center with a SLA warranty for 4 years.
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Egypt's Red Sea resorts hope for return of tourists
During the 18 days of pro-democracy protests earlier this year, countries including Russia and Italy restricted flights into Egypt.