News
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Air fares cut during Ramadan
Airlines are cutting ticket prices to stimulate demand as Ramadan, a traditionally quiet travel period, approaches.
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Vodafone under fire for bowing to Egyptian pressure
Activists seek protocols to curb use for propaganda. Bahrain, Malaysia and China cited as risky states.
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Moody’s: Egypt’s economy still going down with protests and Cabinet reshuffle
An unstable political environment in Cairo has led to policy drift and uncertainty, with credit negative conditions in Egypt prevailing.
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Vodafone’s role in Egypt crackdown resurfaces
Vodafone cut off cell phone service for a short period during the 18-days of protests that eventually ousted former Egyptian President Hosni Mubarak.
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Payment made easy in Egypt
Last week witnessed the introduction of two new payment processing services in Egypt.
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Agriculture could be key to reviving Egypt's economy
Egypt’s historically powerful agriculture sector has been in serious decline over the past 30 years, but still comprised 13.7 percent of GDP in 2010.
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CI Capital maintains Mobinil’s fair value at EGP 121
CI Capital Research (CICR) reaffirmed the fair and target prices of the Egyptian Company for Mobile Services (Mobinil) at EGP 121.
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Amman, Cairo still apart on natural gas deal
Amman & Cairo have yet to close in on an amended natural gas deal, according to energy officials, as repairs are ongoing.
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Stocks fall for fourth straight day
The Egyptian main stock index dropped today for the 4th day, thought largely as a result of sells by Arab, Egyptian and foreigner shareholders.
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Misr Duty Free Shops AGM approves cash dividends of LE 0.55/share
Misr Duty Free Shops - (MFSC) approved in its OGM meeting to distribute cash dividends of LE 0.55/share.
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NBE supports Egypt's travel industry
The National Bank of Egypt (NBE) will reschedule debt installments for travel companies for a year ending in June 2012.
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Egypt says it paid Dana Gas
Egypt on Thursday said that it has paid all delayed payments to the United Arab Emirate’s energy company Dana Gas.
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Half-price foods for 64 million Egyptians during Ramadan
A new system will provide poorer Egyptians with half-price essentials during the month of Ramadan.
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Holding Mubarak’s trial in Cairo will be good for tourism, says minister
Mounir Fakhri said on Thursday that holding the trial of deposed President Mubarak in Cairo & not in Sharm el-Sheikh would be good for tourism.
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Telecom Egypt awards salaries restructuring system tender to PwC
Telecom Egypt (TE) announced today that PricewaterhouseCoopers (PwC) was the best bidder in the tender it offered last month.
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Egypt sells LE 6 bln in T-bills, as planned
Egypt's Ministry of Finance said the central bank sold LE 6 billion ($1.01 billion) in domestic treasury bills on Thursday.
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Experts say agriculture could be key to restoring Egypt's economy
Egypt’s historically powerful agriculture sector has been in serious decline over the past 30 years, but still comprised 13.7 percent of GDP in 2010.
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Egyptians raise over $200,000 via Twitter
Egyptian activists have raised over $200,000 in one week for the development of Ezbat Khairallah, an impoverished community of some 650,000 people.
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Telecom Egypt to post H1 financials August 15th
TE announced today, July 28th, that its consolidated & non-consolidated financial statements for the fiscal period will be released on August 15th.
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Bank deposits and credit facilities grow slightly in May; CBE
Total bank deposits grew by 0.6 per cent between April and May to reach LE951.7 billion, according to the latest figures published by the CBE.