News
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Global Knowledge launches new headquarters in Egypt
While other companies draw back from investing in Egypt, Global Knowledge executes an expansion of its business.
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Egyptian stocks back above key psychological barriers
All three key indices rose above one per cent in the final trading day of the first week of the holy fasting month of Ramadan.
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The opportunity for e-commerce in Egypt's tourism sector
The advent of mobile banking & growth of e-commerce are two of the most widely publicized & utilized developments worldwide & Egypt is no exception.
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Apache Corp. optimistic about Egypt's oil
Apache Corp. said results of two recent oil discoveries in Egypt gave it optimism about the resource potential in the Western Desert.
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Turkey to invest EGP 380 million (US$63 million) in Egypt
Najdi, Chairman of Egypt’s Industrial Development Authority, has confirmed that its studying 3 Turkish investment projects for 6th of October city.
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Ministry of Petroleum debts threaten gas supply to Egypt plants
The Egyptian Ministry of Petroleum's debts to foreign companies now stand at U.S. $4 billion, senior sources reported today.
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Egypt bank to trace NGOs’ bank accounts
Local banks were requested to notify the Central Bank of Egypt & Ministry of Social Solidarity about bank accounts by civil society organisations.
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Egypt, Saudi look to boost investment
The Egyptian-Saudi business council, which will hold its first expanded meeting after it was reformed in Jeddah on August 13.
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Egypt's businessmen all for a minimum wage but figure, time and mechanism not yet set
Ahmed El-Boraie, Egypt's labor minister, says the government will not unilaterally set minimum wages for Egypt’s private sector.
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Job opportunity rate has fallen 47% since January
Job opportunity rate has fallen 47% since January, due to low investment rates in the Egyptian economy, said Ahmed Al-Borai in a speech on Thursday.
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Mobinil’s CEO says less than 1 mln clients lost due to boycott
On the sidelines of the press conference held yesterday to launch an initiative to employ 100 thousand nationals in micro projects.
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NSGB of Egypt Jumps Most in 3-Weeks as Profit Beats Estimates
The share of the lender advanced 1.3 percent, which gave the bank a market-value of 11.5 billion pounds.
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Egypt GASC Buys 240,000 Tons Of Wheat For Sept Delivery
As bidders race to ship wheat from Russia to Egypt, the latter awaits a shipment of 120,000 tons.
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Egypt asks banks to unveil foreign donations to local charities
Some officials state that foreign funding is motivated by politics, rather than charity, and might therefore be a threat to Egypt.
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Presidential hopeful says Egypt deserves grand vision
Hamdeen Sabahi's goal for his presidential campaign is to bring Egypt's into the stature of developed nations.
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Tantawi controls 40% of Egyptian economy
Tantawi is effectively the corporate head of this empire, with command of as much as 40 percent of the Egyptian economy.
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Egyptian gas disruptions widen Ampal's loss
Ampal's net loss ballooned to $39.3 million for the second quarter from $2.8 million for the corresponding quarter.
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Egyptian shares fight back
Egyptian shares expected to rise as investor confidence improved after the trial session of former President Hosni Mubarak.
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Market Report: Mubarak trial boosts Egypt stock confidence
Egyptian investors return to the Bourse with newfound optimism on Thursday after the opening session of the former president's trial goes ahead.
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Etisalat Egypt pays LE200 million in back taxes
Mobile provider reconciles with the tax authority and eyes higher subscription as it benefits from a boycott aimed at the owner of competitor Mobinil