News
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Ministry of Finance issues 6 bn EGP in T-bills
The Ministry of Finance announced a 6 billion EGP (U.S. $1 billion) sale of treasury bills Thursday.
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Western visitors to Egypt must obtain visas before arrival
Egypt will require visas from all travelers prior to arriving in the country, ending decade-long unrestricted entry.
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EFG closes Egypt's Olympic Grp sale to Electrolux
Mideast investment bank EFG Hermes says it has closed the $404 million sale of Egypt's Olympic group to Sweden's Electrolux Group.
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Egypt ranks 94 in global competitiveness, falling 13 spots
Egypt came in at 94 out 142 countries, receiving a 3.9 rating on a scale of one to seven, while last year it ranked in 81 out of 139.
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Egypt Economy Grew 1.8% in Last Fiscal Year Amid Uprising
Egypt’s economy grew 1.8 percent in the fiscal year that ended June 30, its weakest performance in at least 10 years.
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International auction to search for oil and gas in 15 Egyptian areas
The Egyptian General Petroleum Corporation is preparing to hold an international auction for foreign companies to search for oil & natural gas.
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ESKADENIA Software consolidates its presence in the Egyptian Insurance Market
ESKADENIA planned for deployment at Arab Misr Insurance are fully designed to help, manage and automate the insurance & financial operations.
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Egypt NGO brings recycling to Cairo residents
Gamayit El-Misbah El-Mudii is an innovative initiative in Cairo that provides a free, door-to-door pick-up service for recyclable items.
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Egyptian ministers meet with striking postal unions
Egyptian ministers and postal management were expected to begin meeting with postal unions today to listen to their demands.
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Egypt to Offer Cement Production Licenses in October, Mal Says
Egypt’s Industrial Development Authority will offer 12 licenses for cement production by the end of next month, Al Mal reported.
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Orascom lifted by chief's reprieve
A settlement between Orascom and Egypt's market watchdog announced yesterday nullifies a prison sentence handed down last month against Mr Sawiris.
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Egypt Pledges Five Million U.S. Dollars in Aid to Famine
Dr. Essam confirmed that the official and popular support to Somalia expresses Egypt's keenness on supporting Somalia.
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Egypt economy growth modest, ongoing unrest hurts
Egypt's economy grew by a slower-than-expected 1.8 percent in the financial year to June 2011 and is forecast to expand 3-3.5 percent in 2011-12.
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Cairo airport sees delays as EgyptAir ground staff go on partial strike
Employees are slowing their work as they demand permanent contracts, the payment of bonuses promised since July and an increase in staff numbers.
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Egyptian trade delegation to visit Turkey mid-September
The Federation of Egyptian Chambers of Commerce is organizing a visit to Turkey with the aim of attracting foreign investment into Egypt.
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Ministry of Planning demands investment concentration on citizens’ needs
Government should concentrate on pressing investment needs in the new investment plan, according to a report released by the Ministry of Planning.
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Egypt's SODIC swings to first-half net loss: bourse
Egypt's third-biggest listed developer, SODIC, posted a first-half net loss of 120 million Egyptian pounds.
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Kazakhs defy sceptics by winning Egypt wheat order
Kazakhstan has, for the first time since last year's drought-hit harvest, won a wheat order from Egypt.
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Egypt gas deal expected ‘within days’
A LONG-AWAITED natural gas deal between Egypt and Jordan is expected to be finalised within a week, pending approval from Cairo.
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Egypt yarn producers accuse exporters of dumping
Egypt’s Holding Co. for Spinning and Weaving is taking legal action against foreign exporters it accuses of dumping yarn into the local market.