News
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Where have all the tourists gone? Egypt longs to see them return
The Arab Spring left an indelible mark on tourism last year, with overnight stays down a third compared to the previous year.
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AUC: SCAF's latest scapegoat?
Egypt's ruling military continues witch hunt against 'foreign agents' by targeting AUC staff and students, who in turn question the SCAF's legitimacy
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OTVentures acquires stake in Egypt group-buying site
In a statement, OTVentures hailed the move as a “turning point in the development of the region’s e-commerce industry.”
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Anonymous movement claims attack on U.S. tear gas company
The website of a U.S. company whose tear gas has been used against demonstrators in Egypt is the latest to be broken into by the Anonymous movement.
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Market Update: Egypt major stocks slip 0.65 pct by Tuesday close
The broader EGX70, however, managed to finish 1.74 per cent in the green, as buyers targeted lower-cap stocks.
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Cityscape Egypt opens next week, in association with Next Move
Taking place February 20-23, Cityscape Egypt/Next Move 2012 will convene investors & real estate professionals to talk to different sectors.
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New El Mandara Eco-Haven Pops up in Fayoum, Egypt
This new eco-resort in the Fayoum Oasis offers tourists and locals respite from Egypt’s ongoing chaos.
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France Telecom sees better Egypt environment in 2012
French telco's chief executive expects economic situation in Egypt to improve.
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Boeing, EgyptAir deliver supplies to Egypt
The 2.11-tonne shipment comes as part of Boeing’s Humanitarian Delivery Flights programme and includes 40 electric and regular wheelchairs.
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Egypt prepares to sell $2 bln Islamic bonds-scholar
The Egyptian government is convinced that a foreign currency sukuk will fund the country's development projects.
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Bassem Youssef is known as Egypt's Jon Stewart for his no-nonsense stand
The 38-year-old cardiothoracic surgeon modelled his parody programme, The B+ Show, on The Daily Show with Jon Stewart and The Colbert Report.
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Kidnappings don’t affect Egypt air travel, says official
Gad al-Kareem Nassr, head of ECA said Monday that the country’s large airports were not affected by the news and are functioning well.
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EFG-Hermes share trading resumes after statement on CEO
The shares were trading down 1.6 percent by 1045 GMT, compared to a 1 percent drop in benchmark index.
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Obama proposes $800 million boost for "Arab Spring" countries
Obama asks for $1.3 billion in military aid for Egypt and aims to assist democratic transition in the Middle East.
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Egypt's economy is crippled by unrest but GCC states could offer vital help
As the most populous Arab country, Egypt is a bellwether for the region; success in the political transition there would inspire the Arab World.
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Egypt's Sokhna Port paralysed as labour strike enters 2nd day
Hundreds of striking workers at Egypt's only private port, demanding share of company profits and higher risk allowances.
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Concern develops over growth of xenophobia in Egypt
There's a growing feeling of xenophobia, foreigners say, on the streets of the country's cities.
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Russia Wheat Exports Restricted by Price, SovEcon says
Egypt bought 55,000 tons of wheat from the U.S. instead of Russia in a tender over the weekend.
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Is Devaluation Inevitable for Egypt's Currency?
Standard & Poor’s (S&P) lowered Egypt’s long-term foreign- and local-currency sovereign credit ratings to B from B+, with a negative outlook.
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Beltone says to sell its brokerage unit, Smart Village office
As the firm continues to make internal adjustments, it also plans to relocate, with plans to sell its Smart Village headquarters.