News
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Egypt's inflation declines ahead of election
The latest figures show core inflation excluding volatile commodities like food and energy, of 11.88 percent, down from 14.35 percent in January.
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Unofficial economy represents 40%
The minister stated that taxes represent 72 percent of the estimated budget of fiscal year 2017/2018.
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Egypt's EFG Hermes weighs hiring more bankers for Saudi deals
EFG Hermes is considering adding 20 percent more staff as one of the region's biggest investment banks expects an improved deals outlook in KSA.
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Egypt's new oil refinery to begin test run in third quarter
It is expected to start actual operations by the end of 2018 or early 2019.
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Egypt's ministry of Finance dismisses reports of exchange rate EGP 17.5 to 1 USD
Reuters had quoted three senior officials as saying the Egyptian government set the exchange rate at EGP 17.5 to the USD in the budget of 2018/2019.
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The Rise of Social Media Influencers
Influencer marketing is growing at a very fast rate and there is more money being invested in the sector than ever before.
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Cairo local authorities begin redevelopment of downtown Stock Exchange area
This is part of a comprehensive plan to restore the Khedive architectural style of downtown Cairo to turn the area into an open museum.
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Sale of stakes in state-owned firms to boost Egypt's exchange
Khaled Badawi said: "The Egyptian stock market does not, in my opinion anyway, reflect the size or the potential of the economy.
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Egypt's parliament gives green light to private investment in railway sector
The aim is to attract local and foreign private investment in the railways and regulating the debt-laden Egyptian Railway Authority.
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Egypt net foreign reserves rise to $42.524 bln after Eurobond sale
Reserves had dropped to about $19 billion before Egypt signed the three-year IMF deal, with Egypt floating the currency and lifting capital controls.
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Egypt's non-oil business sector activity falls slightly in Feb
The Emirates NBD Egypt Purchasing Managers' Index (PMI) for the non-oil private sector fell to 49.7 from January's reading of 49.9.
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Saudi Arabia, Egypt set up $10bn fund for mega city
Work is set to start on the kingdom's ambitious project in 2019 and its first phase is likely to completed by late 2022.
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Saudi crown prince discusses economy on Egypt trip
Prince Mohammed accompanied Egyptian President Abdel Fattah al-Sisi to review construction projects near the Suez Canal.
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More funds needed to overhaul railway
Government lacks about 250 billion Egyptian pounds, or $14.1 billion, to overhaul the country's run-down railway system.
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Reducing rice cultivation in Egypt: A controversy
A government decision to reduce rice cultivation has not been well received by farmers or consumers.
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EGP 150m business value of Chinese Chint in Egypt
Chint has completed the implementation of the infrastructure and electricity networks for a number of new cities in Egypt.
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Egypt to maintain customs exchange rate at EGP 16 per 1 USD in March
In January 2018, Egypt kept its customs exchange rate at EGP 16 per US dollar, a figure which had been maintained for the last five months of 2017.
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New Nokia phones arrive in Egypt next April
In addition to the launch of these new Android-enabled smartphones, Nokia will re-launch the legendary Nokia 8110 with 4G capability.
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IMF: Cure or poison for Egypt's economy?
Many agree that Egypt’s reform programme was necessary. But as the economy starts to revive, decision-makers must keep an eye on social policy.
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Average yields on Egypt's 10-year bonds jump almost 100 bp
The 10-year bond rose to 14.800 percent from 13.871 percent at the last auction.