News
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Minister of Electricity invests 5b EGP in Sinai
Minister of Electricity and Energy invests 5 billion EGP in Sinai through the implementation of several electricity projects.
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Egypt mobile use to exceed full capacity before 2012
As the race for subscribers between Egypt’s mobile service providers intensifies, mobile phone usage is expected to reach 100% by 2012.
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ULookUBook.com: World Tourism Day to Boost Holidays to Egypt
ULookUBook.com, an online travel agency, say that Egypt will attract attention from around the world on the day of the event.
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IFC, Switzerland Help Egypt Ease Business Regulations, Boosting Economy and Job Growth
IFC and SECO helping Egypt implement business-friendly regulations to encourage economic growth and create jobs.
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Egypt Bad-Loan Levels Signal Lenders Defy Economic Slowdown: Arab Credit
The National Bank of Egypt, the country’s biggest lender by assets, didn’t book any non-performing loans in the first half of this year.
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Egyptian revolution has negative effects on major local companies
The drop in profits of some of the major companies in Egypt is a new sign of the negative effects caused by the revolution on the country's economy.
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Market Report: Egypt stock slips to red in choked trade
Benchmark index dips 0.23 per cent as trading volume falls to its lowest in several years, reflecting lack of confidence in the market.
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Juhayna agrees new pricing policy for milk purchases, Mal says
Juhayna, Egypt’s biggest producer of packaged milk, agreed to adjust prices paid to farmers in line with fluctuations in the cost of fodder.
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Egypt's bourse slips amid low volumes
Egyptian stocks slipped on Tuesday amid low volumes, traders said. Volume hit LE226 million ($38 million), according to Bourse data.
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Egypt's meditrade buys no soyoil, buys sunoil
Egypt's meditrade bought no soyoil but did purchase 38,000 tonnes of sunflower oil in a tender on Tuesday, traders said.
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Egypt Accepts 8.825 Billion Pounds of Bids for 7-Day Repos
Egypt’s central bank accepted 8.825 billion Egyptian pounds ($1.5 billion) in bids for its seven-day repurchase agreements at an auction today.
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The crucial role of travel and tourism for Egypt
World Travel Awards has highlighted the crucial role travel & tourism will play in Egypt’s future, as the country ushers in a new era of democracy.
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Egypt’s Economy Rebounding from Revolution
A new study on the economic effects of the political revolution in Egypt suggests that freedom came with a price.
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Egypt's economy in bottle neck, says deputy prime minister
“It will be for a year or so, but it will be tough,” he said, pointing to a shortage in financial resources and a state budget deficit.
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EFSA: Olympic Group takeover deal attractive for shareholders
The advisor Beltone Financial fixed the fair value of Olympic’s stock at EGP 29.55 based on discounted cash flows and P/E ratio.
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Egypt exported U.S. $124 million in commodities to Israel since Januay
Egypt exported U.S. $124 million in products to Israel while Israel exported U.S. $49 million in products to Egypt since January 2011.
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Egypt domestic wood production reaches $5 bln
Despite political unrest this year, Egypt was able to post over $3 billion in furniture production and $1 billion in furniture imports.
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Naftogaz Ukrainy extracts 454,000 barrels of oil in Egypt since April 2010
National joint-stock company Naftogaz Ukrainy from April 18, 2010 to July 1, 2011 extracted 454,000 barrels of crude oil in Egypt.
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OCI awarded US$ 181 million contract in Egypt
Orascom Construction Industries has announced that it had been awarded the civil works package worth US$ 181 million.
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Egypt Stocks: El Sewedy Electric and Juhayna Food Industries
Egypt’s benchmark EGX 30 Index (EGX30) retreated for the second time in three days, losing 0.1 percent to 4,637.92 at 11:14 a.m. in Cairo.