News
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Addis Ababa does not respect Egyptian water concerns
Egypt is the world’s aridest country, suffers from 90% gap water resources, says Irrigation Minister.
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Egypt's PM follows up on measures to launch sovereign wealth fund
The fund is a form of active partnership between the government and private sector which aims at achieving sustainable development objectives.
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Nasr participates in the IMF, WB’s 2019 annual meetings
Nasr will take part in a session titled “Jobs and economic transformation in emerging markets” along with five speakers on Friday, the IMF stated.
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How will inflation decline affect economy?
Annual inflation rate declined for the fourth consecutive month to 4.3 percent in September.
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Egypt's agricultural exports to China up in 8 months
Egyptian exports of grapes to the Chinese market in that period reached 3.3 million dollars compared to 1.2 million dollars.
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World Bank sees Egypt economy growing 5.8% in 2019/20
This estimate is marginally lower than the government’s target of 5.9% but in line with the bank’s expectation six months ago.
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Egypt renews import duties on steel rebar, iron billets
The trade ministry originally imposed the tariffs in April.
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3.5 million Workers to enter the labor market in Egypt
Based on an International Monetary Fund report, Egypt"s macroeconomic situation has enhanced notably.
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Egypt's trade deficit declines by 18.9 percent in June
CAPMAS said that exports decreased by 5.7 percent to reach $2.22 billion in June 2019, compared to $2.35 billion during the same month of 2018.
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Egypt key market for Henkel in MEA region
The Egyptian government is supporting national industries to enhance exports which will generate a positive return for the economy.
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Egypt discussing possible new IMF cooperation
Egypt is discussing possible further assistance from the IMF to help it carry out structural reforms once its current three-year IMF programme ends.
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UK companies to increase investments in Egypt
Minister Sahar Nasr called on British companies to increase their investments in Egypt which have reached $47.8 billion through 1,871 companies.
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Egypt's non-oil business activity contracts again in Sept
Egypt’s non-oil private sector has seen growth in only two of the past 12 months, April and July.
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Egypt's tax authority denies 30% increase in car taxes
Egypt’s vehicle sales dropped by 5.2 per cent year-on-year in February to reach 10,857 vehicles, down from 11,454 vehicles last year.
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CBE authorises 28 banks to provide mobile payment services in Egypt
ubscribers reach 13.5 million by end-June, with a total value of transactions of EGP 20bn as of September.
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Egypt operator owed $7.7 million by Thomas Cook
Thomas Cook, the world’s oldest travel firm, collapsed last week, sparking a major tourist repatriation effort and a scramble for survival.
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Gaming Market in Egypt: The State of Play
It’s perfectly possible that interest in gambling among Egyptians has been developed in line with video games.
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Egypt implements 6,200 projects for EGP 490 bln
They also include 34 projects for the development of Upper Egypt, costing EGP 222 million.
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Sisi orders accelerating reforms of business sector companies
President Sisi's remarks were made during his meeting with Prime Minister Mostafa Madbouli and Minister of Public Business Sector Hisham Tawfiq.
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Egypt's economy is diversified, receives large amounts of FDIs
Rand Merchant Bank stated that Egypt, SA, and Morocco maintained their positions as the top 3 in 2020 investment attractiveness in Africa.