News
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Fawry survey shows Egyptians spend an estimated 240 mn hours per year to make due payments
There is a growing demand among Egyptian consumers for more convenient payment methods, according to a recent survey conducted by Fawry.
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Egypt reduces size of T-bill sale, yields rise
Egypt's central bank sold 5.125 billion Egyptian pounds in domestic treasury bills on Sunday.
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Egypt's army pumps $1 billion of own money into central bank, refuses foreign aid
A faltering economy prompts the ruling military to share its private revenues, rejecting overseas aid due to concerns over loan conditions.
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Egyptian-Swiss expert meeting on frozen assets restitution
Delegations from Egypt and Switzerland convened on 2 December 2011 in Berne to hold a legal expert meeting on frozen assets restitution.
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Market Update: Egypt stocks close Sunday down 0.4 per cent
Egypt's major stocks have taken a hit in the week's first trading session, the benchmark EGX30 closing Sunday down 0.36 per cent at 4,073 points.
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Bright Creations launches Sawtak app. to inform Egyptians about upcoming parliamentary elections
Bright Creations announced the release of Sawtak, an online and mobile app. that helps Egyptian citizens to understand the Egypt electionary process.
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Tourism police prevents Syrian community from entering pyramids
Egyptian tourism police and vendors on Pyramids Street today prevented a Syrian group from entering the pyramids.
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Egyptian Stocks: Arab Cotton Ginning, Canal Shipping Agencies
Egypt’s benchmark EGX 30 Index fell 0.2 percent, snapping a five-day advance, to 4,081.83 at 1:44 p.m. in Cairo.
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CBE announces international reserves for Egypt
The Central Bank of Egypt will officially announce the size of international reserves of foreign currencies in Egypt.
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U.S. Spent Millions on Egyptian Election
The Obama administration spent some $200 million on democracy building in the lead-up to the elections this week in Egypt.
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Egypt's economy reels as capital flees
Egypt’s benchmark stock index is down more than 44% this year, and the government is paying almost 15% to borrow for nine months on domestic markets.
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BNP Paribas Egypt says first nine months net profit up 21 per cent
BNP Paribas Egypt achieved significant growth in net profit from January until the end of September, reaching EGP 145.9 million.
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British-made tear gas was used on Egypt's protesters
A British firm manufactured some of the tear gas used by Egyptian security forces battling pro-democracy protesters in Egypt's Tahrir Square.
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Suez Canal to raise fees 3pct in 2012
Egypt's Suez Canal Authority would raise toll fees for all vessels passing through the strategic waterway by 3% starting March 2012.
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Egypt Bourse Recovers Egp 20.5 Billion
The Egyptian Stock Exchange regained 20.5 billion pounds at the close of trading on Thursday 01/12/2011.
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Egypt extends a hand even in these troubled times
Egypt announced today that it will support Somaliland on no. of key areas, such as economic development and the improvement of basic social services.
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Carter: Egypt elections helped stocks recover
Former U.S. President Jimmy Carter said Egyptians "should be proud of the first phase of the elections.”
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Egyptian steel mills cut prices in response to lower demand
Iron companies operating in the local Egyptian market have declared they will not raise prices in December despite rising costs for raw materials.
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Seafood export to Egypt comes to a halt
Pakistan's seafood export to Egypt has largely come to a halt because political uncertainty continues in the key Middle Eastern country.
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Egypt sees $77 million injected in new enterprises, creating 3,197 jobs last week
New investment is bringing new jobs, predominantly in services.