News
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Stimulating innovation: An untapped resource for Egypt's economy
ICT enhances efficiency, but due to heavy outsourcing, Egypt's economy is not maximizing the gains that lie in the domestic workforce.
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Official trade union federation rejects decision to disband it
An emergency assembly of the dissolved Egyptian Trade Union Federation (ETUF) on Sunday rejected a cabinet decision on Thursday.
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Egypt's vantage geographical position enables its logistics market to thrive
The government has been unleashing initiatives to make Egypt a global logistics hub and encouraging foreign investment in various sectors.
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Egypt Reprices Land Withdrawn From Tourism Developers, Mal Says
Egypt's Tourism Development Authority has set $5 to $12 as the new price range per square meter of land withdrawn from developers of tourist areas.
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High price of wood may stop Damietta’s furniture industry
The price of raw materials used in the furniture industry increased, particularly the price of different kinds of imported wood.
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Huawei says Egyptian mobile phone sales reach 100,000 units
30,000 handsets were sold directly to clients through mobile agents & 70,000 handsets were sold through mobile operators contracted to Huawei.
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Egypts CIB increases capital by LE33 million
33 million to be distributed to employees through an Employee Stock Ownership Plan (ESOP) program.
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Egyptian riots put dent in Vodafone's growth
Vodafone's handling of the Egyptian riots led to an 80pc fall in its growth rate in the country, costing the telecoms giant millions.
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Egypt will regain composure, retain strength - Foreign Minister
Egypt will regain its composure and retain its economic & political strength regionally & internationally, said Foreign Minister on Sunday.
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GMC likely to double Q3 profit - Chairman
Mohammed Genidy, Chairman of GMC for Industrial Commercial & Financial Investments, expected to double Q3 net earnings quarter-on-quarter.
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Egypt reserves slip, analysts see slowing outflows
Egypt's net foreign reserves slipped to US$25.71 billion in July but economists said there was a slowdown in the rate of the decline.
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Naeem cuts Mobinil fair value to L.E 116.8
Naeem Holding cut Egyptian Company for Mobile Services (Mobinil) (EMOB) fair value to L.E 116.8 per share.
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Bank Misr re-launches 30 stumbling projects for Egyptian investors
Bank Misr agreed to re-launch such projects, after studying all the stumbling projects and determining the needs.
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How will the US credit rating downgrade affect Egypt?
The decision to cut US's top-tier credit rating by a notch could mean a hit for Egypt's stock exchange, foreign direct investment & overseas trade.
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Mobile phone May subscriptions up 28 pct
The number of mobile phone subscriptions in Egypt rose to 74.77 million in May, up 28 percent year-on-year, government figures showed on Saturday.
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Egypt minister says no more privatisations planned
State firms are not to be sold to investors, yet their nationalization is not an option either, in protection of social dimensions.
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Egyptian Stocks: Egyptian Resorts and National Co. for Maize
Egyptian Resorts Co. experiences the biggest intraday drop in almost two weeks, and National Co. for Maize Products retreats 3%.
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Egypt stocks tumble on US credit downgrade
152 stocks trading in the red, while only three are trading up.
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Egypt stocks tumble on US credit downgrade
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Egypt-Israeli ties face multiple economic challenges
After exporting gas to Israel for minimal prices, Sharaf enters price negotiations, while bilateral economy relations could be harmed.