News
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Egypt’s construction materials exports hit $5bn in 2017
The minerals industry accounted for almost 77% of last year’s total materials exports.
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Egypt is our most profitable region,’ says Ahmed El Sewedy
Elsewedy makes around 80% of its total revenues from wires and cables, along with engineering and contracting in Europe, the Gulf States and Africa.
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Vodafone added 500,000 new customers in October 2017
The number of mobile service subscribers in Egypt increased from 99.3 million in September to 99.8 million subscribers in October 2017.
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Hermes surveys chief execs on economy at Egypt Conference
A survey for 250 CEOs who attended the 2nd annual Egypt Conference showed that 54% consider the rise in interest rates an obstacle to investing.
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Sisi vows to protect Egypt's water supply
This comes after a conflict with the Nile upstream countries of Sudan and Ethiopia, which is building a controversial dam.
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Fitch Ratings revises Egypt's outlook to positive, affirms at 'B' rating
Fitch expects a GDP growth of 4.8% in fiscal year 2017/18.
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Russia's Aeroflot can start flying to Egypt in late February
The flights will start after signing a security protocol.
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Astronergy/CHINT Solar Win 165MW(DC) of EPC Contract in Egypt
The 165MW project consist of 3 minor projects which are located 40KM north of Aswan.
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New Vodafone Egypt CEO meets ICT minister
Egypt's ICT minister Yasser ElKady has held talks with newly appointed CEO of Vodafone Egypt Alexandre Froment.
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DP World Sokhna receives largest PIL vessel
The ship is one of three 12,000 TEU container vessels PIL has added to its weekly service to DP World Sokhna Port.
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Egypt’s GASC gets offers for soyoil and sunflower oil in tender
The lowest offer for sunflower oil was $793 a tonne for 11,500 tonnes from supplier Aston.
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Egypt tourism revenues jump 123.5 per cent to $7.6 billion
The number of tourists who visited Egypt in that time jumped 54 per cent to 8.3 million.
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Egypt economy gathers strength heading into 2018
Focus Economics report expects positive turns for Egypt; New investment, industrial licensing laws likely to boost investments.
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Egypt inflation drop could indicate low spending levels
Core inflation, stripping out volatile items such as food, fell to 19.86 percent from 25.53 percent.
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Acwa to develop $190m solar projects in Egypt
Once operational in the fourth quarter, the new installed capacity will power 80,000 houses and result in savings of 156,000 tons of CO2 every year.
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Egypt reshuffles its government, appoints 4 new ministers
President Abdel-Fattah el-Sissi swore in the new ministers of culture, tourism, local development and business.
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Egypt pays back $700 million in debt to Paris Club
In 2017, Egypt repaid around $30 billion in foreign debt.
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Egypt receives offers in GASC wheat tender after brief trader standoff
This comes after initially drawing zero bids from suppliers agitated by what they said were growing demurrage fees.
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Egypt parliament preliminarily approves country's first bankruptcy law
The law is expected to improve Egypt's ranking in the World Bank's Doing Business report.
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Powering Egypt: More solar solutions
Egypt is giving more attention to renewable energy projects, especially solar power, as part of government plans to increase its contribution in power