News
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Egypt's reign as darling of emerging market debt could be ending
The high-yielding debt brought hordes of foreign buyers and badly needed hard currency to Egypt.
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Oxford Group expects bright outlook for Egypt’s economy
Efforts to garner economic stability are gathering momentum, with reductions forecast in both inflation and the budget deficit.
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$1.287bn of trade exchange between Egypt, EFTA countries in 2017
This came on the sidelines of a seminar that was held at the Ministry of Trade and Industry on ways to enhance trade between Egypt and EFTA countries.
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Egypt set to float stakes in 23 state companies
The government had said that it intended to sell shares in dozens of state companies to boost public finances and draw more investors to the exchange.
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Egypt and UN sign Development agreement
The main objective of the agreement is to support the Egyptian government in its quest to achieve national development.
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New Capital's Business District to include 20 towers
The investment for this project totals around $3 billion, financed by Chinese loans.
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Egypt picks four banks for Eurobond issuance set for April
Egypt previously raised $4 billion in a three-times oversubscribed bond issuance in February.
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Egypt participates in "In Tour Market 2018" in Moscow
"In Tour Market 2018" is one of the most important and biggest tourism exhibition organized by Russia ahead of the summer season.
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ENI in UAE offshore but sells 10% reserve to Egypt
The deal enabled ENI to have 50% of its stake in Zohr, maintaining the relative majority compared to Rosneft and BP.
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Egypt Telecom to acquire 5% stake of mobile market in 2018
The report further anticipated that the company’s market stake would increase to 12 percent by 2022 with 14.5 million subscribers.
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Egypt to issue new securities on the financial market
This operation to raise between €1 billion and €1.15 billion should be launched before the 2018-2019 fiscal year.
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Egypt's foreign minister in South Sudan to boost relations
Minister Sameh Shoukry met with South Sudan President Salva Kiir in the capital, Juba.
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Banque Misr achieves highest profits in its history
The bank’s retail portfolio reached LE 18.1 billion in June 2017 versus LE 14.5 billion in June 2016 with 24.8 percent growth rate.
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India congratulates Egypt for joining ISA
India today congratulated Egypt for signing the framework agreement of the International Solar Alliance.
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Egypt’s GASC says seeking soyoil, sunflower oil in tender
GASC is also looking for offers of at least 10,000 tonnes of soyoil in Egyptian pounds.
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Brands race to sure up footprints in Egypt, where tourism is booming
Hilton recently completed a major dual-brand deal that it hopes will sure up its status as one of the major luxury hoteliers in Egypt.
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Akinwumi Adesina, President, African Development Bank (AfDB): Interview
Governments need to work closely with the private sector to close African infrastructure gaps.
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Life insurance for the marginalised in Egypt
Seasonal and temporary workers can now buy life insurance with the benefits going to their heirs.
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Egypt to receive tax information exchange support
Egypt became an active member of the OECD's base erosion and profit shfiting Inclusive Framework in July 2016.
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Tarek Kabil, Minister of Trade and Industry: Interview
Egypt has been able to reduce its deficit by $7bn in 2016 and $12.5bn in 2017, with a drop in imports by $15bn and an increase in exports by $4bn.