News
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BDI: 70,000 Egyptians could lose jobs over poor Israeli relations
The Israeli-Egyptian QIZs employ 70,000 Egyptian and export $1 billion of goods to the US.
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Egypt's El Sewedy Electric expects stronger performance in second half of 2011
Major cablemaker expects demand to pick up for all operations after regional upheaval squeezed sales for the first six months of the year.
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Vodafone Egypt sees market stagnant until 2012
Egyptian telecom market to improve from the beginning of 2012, as telecom services usage increases due to political campaigning for elections.
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National Societe, Orascom Construction: Egyptian Equity Preview
Societe Generale plans to cut jobs at three of its units including the one in Egypt.
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The 2012 SPE exhibition sees a 12% increase in the number of paper proposals submitted
The North Africa Technical Conference and Exhibition (NATC) taking place in February in Cairo received over 418 technical papers from 157 companies.
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IMF lending still open to Egypt: official
Funding is still an option in future despite military rulers rejection of $3 billion in June, says global body.
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MENA announced $11bn of new projects in last 30 days
Construction and Infrastructure remain the two most competitive segments in the MENA construction market.
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76 million Egyptian have cell phones
Vodafone Egypt held the most subscribers, with 33.8 million, with Mobinil following closely with 30.3 million.
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UAE at top slot in Mid East for internet infrastructure
Saudi Arabia and Egypt has been ranked at 39th place while South Korea bagged first slot in the index for its super-high-speed infrastructure.
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Arab spring brings gloom for Middle East private equity
Middle Eastern private equity executives are painting a sobering picture at a conference in Dubai.
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$125Bn Health Check
The Middle East North Africa region is expected to spend $125-billion on healthcare by 2015 for a population of 233 million, according to AMCL.
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Egyptian economy experiencing inflationary recession
A political package composing financial, monetary, trade and other policies is needed to deal with the situation in a balanced fashion.
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Egyptian Winter salt supply for Lincolnshire roads arrives
Thousands of tonnes of salt from Egypt have arrived at Immingham Docks in North East Lincolnshire for use on the county's roads this winter.
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Egypt has enough flour for 6 months, says government
The General Authority for Supply Commodities is not facing any problems in meeting food consumption demands.
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G8 & IMF Pledge $73 Billion For Arab Spring
The International Monetary Fund decided to pledge $35 billion in addition to the G8?s $38 billion making the package a total of $73 billion.
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Israel export to Egypt drops 33%
Egypt was Israel’s 36th largest export market in 2010 while it had tumbled to 47th in the first half of 2011.
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Government reports 35 percent decline in 2Q tourist arrivals
The decline offered fresh evidence that economic growth was still largely hostage to the frequent protests that grip the nation.
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Egypt reopens 4bn pounds of bonds
Egypt’s Finance Ministry will offer 4 billion pounds ($669.7 million) of two-year and three-year bonds in an auction on Sept. 19.
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Egypt inflation down to 8.5 percent in August
Monthly inflation rate increased in August by 1.2 percent, relative to July, reflecting 2.5 percent increase in food and beverages.
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China financing $9.3 Billion of Africa's Dams of Hydropower
A new report from International Rivers looks at Chinese financing of dams in Africa and its impact on rivers there and the people who live on them.