News
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Egypt's economic reform program and the IMF loan
An IMF delegation was in Cairo this week to review Egypt’s economic reform programme, with inclusive growth and job creation high on the agenda.
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Egypt, Mexico to establish a joint business council
In 2017, the trade exchange between Egypt and Mexico reached $123.4 million, where Egyptian exports amounted to 71 million and imports $52 million.
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Iflix launches in Egypt with Vodafone
Iflix offers thousands of TV shows, movies and more including, the year’s best new local and regional Ramadan series, for EGP 1 per day.
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Russia’s trade with Egypt to be up from $6bln to $10bln in 2018
On May 10-12, Kazan is hosting the 10th International Economic Summit "Russia - Islamic World: KazanSummit," a major international economic event.
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Smartphone market shares in April
Samsung’s share of smartphone sales in Egypt declined in April by 3%, but still leads across the market.
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UAE adds oil and gas to its interests in Egypt
UAE investments in Egypt totalled $6.2 billion in 2017, up from $6 billion the previous year.
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Harvard report ranks Egypt 3rd fastest growing economy
A recent Harvard report has ranked Egypt as the world's third fastest growing economy in the coming decade after India and Uganda.
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IMF delegation to arrive in Egypt next week
Egypt agreed the three-year IMF loan programme in November 2016 that is tied to sweeping reforms such as spending cuts and tax hikes.
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Egypt's non-oil business activity grows in April for 2nd time in 31 months
New export orders grew further, widening the current period of expansion in exports to four months, the survey showed.
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Reform program improves Egypt's economy, IMF expects higher growth
The IMF report said that Egypt's expected higher growth rates are "aided by an increase in gas production."
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Egypt’s local wheat buying surges in first two weeks of harvest
In a statement, Moselhy said the 1.4 million tonnes procured so far compared to just 200,000 tonnes purchased in the same initial period last year.
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Packaging group Mondi to acquire Egypt-based industrial bags producer
Mondi is already a leading producer of industrial bags in the Middle East, operating four plants in the region.
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Egypt confident $23 billion in debt inflows won’t flow out
The Egyptian economy reappeared on foreign investors’ radar after the government embarked on an economic overhaul plan in November 2016.
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Lockton officially begins operations in Egyptian market
The US-based Lockton Companies Inc, an insurance brokerage firm, announced it has officially began its operations in the Egyptian market.
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Decline in inflation over past 4 months reflects improved economy
The government aims to reduce budget deficit to 8.4 percent of GDP in the new fiscal year.
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Trade exchange between Egypt, Greece reaches €400M
Egypt’s most prominent imports from Greece, meanwhile, include fruits, wheat, plastic and oil, among others.
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Swvl, revolutionising bus transport in Egypt
Swvl is a fast-growing startup that provides a bus-sharing service that offers a more comfortable and convenient alternative to public transportation.
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Arabian Travel Market an important platform for Egypt
Dr Al-Mashat said: “The Gulf is expected to play a significant role in bolstering tourism in Egypt".
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Vodafone offers tender for solar power plant in Dabaa
Net metring is a mechanism that gives owners of solar energy plants dues for the electricity they add to the grid.
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SDX Energy discovers more oil in Egypt
Further evaluation of the discovery was ongoing, after which SDX said it expected the well to be completed as a producer.