News
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Expatriates to boost Egypt's economy
The Minister of Manpower admitted that several problems were standing in the way of expatriates’ investments.
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Egypt eyes $650m of foreign funding
Egypt's ruling military council is set to agree to take foreign funding worth $650 million from the World Bank and European Investment Bank.
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Egypt to Offer $2 Billion in Debt After 3rd Budget Gap Revision
Egypt plans to sell 12bn EGP in treasury bills & bonds in the next week after revising its budget deficit target the 3rd time since the fiscal year.
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Egypt's Chemical Industries to report 21% decline in net profit to EGP645m
Cairo-based Chemical Industries Holding Company will report this month that net profit for the financial year ending June 30, 2011 declined 20.85%.
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Fears for tourism grow as Egypt Islamists ponder fate of bikini
Islamists' thoughts on what tourists may wear or drink are being scrutinised amid fears they will harm Egypt’s vital tourism industry.
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Egyptian Stocks: Amer Group and Orascom Construction Industries
Egypt’s benchmark EGX 30 Index advanced 0.1 percent to 3,657.23 at 11:36 a.m. in Cairo.
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Egypt banks to close Sunday 8 January for Eastern Christmas
The Central Bank of Egypt gives local banks a day off on 8 January instead of 7 January, which coincides with a Saturday.
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Orascom completes demerger, returns to bourse
Orascom Telecom completed its demerger Tuesday and returned to the EGX after having its trading on the bourse suspended since Nov. 24.
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Egypt forms five committees to address telecom issues
Egypt's ministry of ICT has formed five committees to tackle problems telecom operators are having, reports the Egypt State Information Service.
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Education Minister - No Fourth Year in Tray
Gamal al-Arabi has denied that the Education Ministry is considering a proposal to add a 4th year for the secondary education in 2013.
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Egypt partners in ITB Berlin 2012
Egypt will be the first Arab country to be hosted as a country partner at ITB Berlin, taking place from March 7-11.
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Egypt FinMin says to keep 2011/12 deficit on target
Egypt will maintain its budget deficit at 8.6 percent of output for this financial year, its finance minister said on Tuesday.
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TransGlobe completes $60-million US Egypt acquisition
TransGlobe Energy has completed a $60-million US acquisition of the West Bakr play in Egypt.
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Luxor farmers stage demo for higher sugar cane prices
Sugar cane farmers in Upper Egypt demand that per-tonne prices be raised to LE400 to cover rising costs of production.
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Egyptian Stocks: Delta Sugar and Egyptian Resorts Were Active
Egypt’s benchmark EGX 30 Index (EGX30) fell for the first time in three days, retreating 0.7 percent to 3,655.58 at the 2:30 p.m. close in Cairo.
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Egypt finalizing plan to raise gas export prices
Egypt is putting the final touches to a new deal on Egyptian natural gas exports to Israel, including a large increase in prices.
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IMF Visit To Egypt Delayed For Few Weeks
An expected visit by the IMF to Egypt this month to discuss the country’s economic problems has been delayed for “a few weeks”.
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Egypt Fuel Subsidies May Reach $19 Billion in 2012, Al Mal Says
Egypt’s fuel subsidies are expected to reach 114 billion EGP in 2012 compared with 100 billion pounds in the previous year.
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FJP Receives China's Ambassador to Egypt, Discuss Economic Relations & Regional Political Rule
Freedom & Justice Party Chairman, Dr. Morsi received Mr. Aikowa and discussed Egypt's Political state & bilateral relations between China & Egypt.
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Crocodile museum to open in Egypt
The first “Museum of Crocodiles” will open this month in front of the Temple of Kom Ombo in Aswan, a busy tourist area on the East bank of the Nile.