News
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Tourism drops 10% in Alexandria
The rate of tourism influx to Egypt’s Mediterranean city of Alexandria has not exceeded 10 percent during the last three months.
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IMF: Egypt economy to grow just 1.5 per cent in 2011
IMF has painted a worrying picture for Egypt's economy, warning of unsustainable public finances and the inability of foreign investment.
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QNet offers opportunities within the direct selling industry through the Internet
QNet, a global direct selling company announced strategic plans to expand its business in Egypt.
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Egypt’s finest travel brands come good
The resilience of Egypt’s travel and tourism industry has been acknowledged at a VIP gala ceremony hosted by World Travel Awards.
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Ahmed El Bardai predicts boom in lending to small and medium-sized enterprises
Mr Ahmed El Bardai expects the country’s next government to focus on small and medium-sized enterprises (SMEs) to boost the economy.
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Experts call on government to allow foreign funding of NGOs
“The problem of NGOs in Egypt is that they do not have enough members or funds,” said Abdel Ghaffar Shokr.
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Apache has more oil, natural gas drilling success in Egypt
Houston independent Apache Corp. reported continued oil and natural gas drilling successes in Egypt’s Western Desert.
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Egypt firms struggle as political uncertainty hits economy
Businessmen say Egypt cannot wait until the ruling military council hands administration over to a civilian government.
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Monarch increases Egypt flights due to high demand
Monarch has increased its programme of flights to Egypt’s Red Sea resort of Sharm el Sheikh this winter due to phenomenal demand from its customers.
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Egypt is interested in buying made-in-Turkey unmanned aerial vehicles called Anka
According to an executive at Turkish Aerospace Industries, the new Egyptian government is interested in buying Turkey-made unmanned planes.
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Czechs in Egypt's first post-Mubarak foreign direct investment
Czech Pegas, the 2nd biggest producer of textiles in Europe, is expanding abroad. And the 1st country the company picked for its FDI is Egypt.
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Mohamed Omran named new head of Egypt's stock exchange
Egypt appointed a new chairman for its stock exchange Wednesday, with Mohamed Abdel Gawad Omran replacing Mohamed Abdel Salam.
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Egypt's Mobinil not aware of any share swap plan
Egypt's Mobinil said on Wednesday it had no knowledge of any proposal by France Telecom to swap its shares in a Swiss telecoms company.
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Egypt's Orascom Telecom dips after Algeria comment
Orascom Telecom shares 3.9% in early trade on Wednesday after an Algerian source said the Telecom Ministry didn't recieve valuation for Djezzy.
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Deutsche Bank appoints Societe Generale as sub-custodian for assets in Egypt
Deutsche Bank has appointed Societe Generale Securities Services (SGSS) to act as sub-custodian for its proprietary and client assets in Egypt.
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Signs of shuffling in Egyptian steel industry
The country’s iron & steel industry will not be affected as the government proceeds to withdraw licenses from a limited number of factories.
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Orascom Development opened first hotel in Oman
Orascom Development Holding AG (Orascom Development) announces that its first hotel in the Sultanate of Oman has been opened last weekend.
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Egypt stocks heed the call on telecoms surge
"Investors moved towards the surging high-cap stocks leaving small- and medium-sized stocks behind," said capital markets expert Mostafa Badra.
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Cementing the Egyptian market
Cement plunged to LE425 ($71) this month from an average LE700 per tonne compared to September 2010, one trader said.
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Suez Canal August revenues exceeded estimates despite unrest; CI Capital
CI Capital stated, in a recent report, that Suez Canal performance has been resilient amidst the current unrest. Revenues rose 5.3% MoM in August.