News
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Tourism in Sinai largely unaffected by border incidents
Tourists to Sinai have largely ignored the violent incidents of recent days on the border between Egypt and Israel.
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Minimum wage to be implemented in private sector in October
The public sector minimum wage will also be implemented in the private sector starting from October, Ahmed al-Borai said on Saturday.
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Stock woes have Egyptian brokerages fighting to survive
Already at a two year low, Egypt's Bourse looks set to make further losses tomorrow on the back of Sinai violence and fears of global recession.
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World Bank grants Egypt $2 billion
As a part of the Partnership for Development Programme, the World Bank offered the Ministry of Int'l Cooperation $2 billion in grants & loans.
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Ministry of Finance: 8.55% in deficit percentage calls for concern
The Egyptian Ministry of Finance announced the collective deficit in the Budget project.
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Telecom Egypt names Ali as director of board
Telecom Egypt has appointed Ahmed Abou Ali to its board of directors with immediate effect, as an independent board member.
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Inflation slowing down
The Annual inflation rate in urban areas of Egypt, the main inflation indicator, edged down to 10.4 % in July compared to 11.8 % in June.
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Orascom Telecom Holding posts net loss of $58 million
Orascom Telecom Holding,the Global System for Mobile Communications service provider, posted net losses of $58.5 million in the 2nd quarter of 2011.
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Egyptian mobile phone use to exceed 100 per cent by 2013
Subscribers will outpace the actual population by the end of next year, claims an international business report.
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APEX Voice Communications & ACTEL Communications launch video services with Etisalat Egypt
APEX Voice Communications & ACTEL Communications recently announced the availability of Video IVR on the Etisalat Egypt network.
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Egypt Borse index gains 3.3% to end week
The Egyptian stock market’s large company index rose on the week, while two other major indices declined.
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Arab stock markets cautious on recession worries
Arab stocks were volatile last week reflecting investors’ fears over world economic recovery.
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Egypt Tourism to go aggressive on marketing
Adel ElMasry, head of Egypt Tourism Office said, “We are allocating significant funds for marketing and promotional exercise in this country."
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Lulav imports from Egypt tp Israel in danger
Following Mubarak's downfall, Israel fears for annual import of 700,000 palm branches for Sukkot holiday.
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Foreign Minister discusses in Ethiopia means to help drought victims in Somalia
Egypt will participate with a delegation, to be headed by Foreign Minister Mohamed Amr, in the African Union international conference of donors.
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Johnson Controls Affirming Egypt Deals
Johnson Controls has strengthened operations in Egypt through new partnerships.
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Egypt exports to Nile countries up near 25 per cent in 2010
There's a surge in goods heading to the Nile basin but imports north remain as steady as Egypt's taste for Kenyan tea, according to official stats.
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Hikma to deliver about 7% organic revenue growth for FY
The company is on track to deliver our forecast for the first half, in line with market expectations, driven by a recovery in Egypt and Tunisia.
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Egyptians contribute to Somalia's famine relief
The union sent two aid convoys to Somalia this week; one carrying doctors and the other carrying a group of volunteers.
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People wary of spending
Egypt has been gripped by protests for wider reforms and higher wages since a popular revolt swept aside President Hosni Mubarak.