News
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Egypt economy ‘could expand at 6pc per year’
Despite recent progress, a successful IMF programme, the issuance of new Eurobonds more work needs to be done to unleash the country's full potential
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Egypt moves to end state monopoly of natural gas market
The new law signed by President El-Sisi sets up a natural gas regulatory authority charged with licensing and devising a plan to open the gas market.
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Saudi billionaire to invest $800m in Egypt tourism
AlWaleed Bin Talal told Investment Minister Sahar Nasr in the Red Sea resort of Sharm el-Sheikh that he would invest in hotels in several locations.
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Egypt expects 3-5 IPOs before year-end -stock exchange vice chair
The stock market will attract more companies by adding new financial instruments including Islamic financing, and switching to a full digital quote.
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Top-performing Arab economy balks at currency float on Egypt
Moroccans afraid of Egypt's scenario of devaluation, start buying dollars and euros.
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Emaar Misr considers investment project in Egypt's al-Alamein
The UAE investor was meant to lead a mega-project to build a new capital 45 km east of Cairo, but Egypt and Alabbar failed to close a deal in 2015.
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USD bank exchange rate below LE18, stable
The US dollar is being sold at LE17.87 and bought at LE17.77 at the National Bank of Egypt (NBE) and Banque du Caire.
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Egypt’s General Petroleum production rates 'unprecedented'
The increased production rates follow the discoveries of two new fields, NES-5 and NES-7.
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Rosneft delivers 129,000 tonnes of LNG to Egypt
Rosneft will supply 10 consignments of liquefied natural gas to Egypt with a total volume of 600,000 tonnes between May and October 2017.
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Egypt's Suez Canal revenues fall to $427.2 mln in June
Egypt's Suez Canal revenues fell to $427.2 million in June from $439.8 million in May.
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Egypt to host three-day conference 'Africa 2017 Forum
The conference will convene high-level delegations of leaders in business and policy including heads of states and CEOs of the continent.
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Romania - Egypt Business Council holds meeting
Energy, agriculture, tourism and research and development will become the priorities of the Romania - Egypt economic relations.
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Egypt wins 3 seats in International Council for Small Business elections
The vice president along with the membership of the executive office, the vice president for micro finance and the vice president for special projects
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Vodafone Egypt to bring smart services to Sodic properties
It will deliver Sodic property residents access to a range of services including high-speed internet, security cameras and smart home automation.
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Egypt reserves reach record high of over USD 36 billion
The increase is equal to the reserves in 2010 and this figure is 4.7 billion dollars higher compared to the previous month.
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Egypt's currency float boosts foreign investment: Stock exchange chairman
Omran told Reuters that the stock exchange expected to start trading in bonds in the first quarter of next year.
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Egypt, Romania sign four MOUs in joint committee meeting
The memorandums relate to science, agriculture, small and medium-sized enterprises, water resources and irrigation.
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Egypt to lower customs exchange rate to 16.25 pounds/dollar
The new rate will be set for one month effective from Tuesday.
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Electricity exchange with Jordan falls due to self-sufficiency
Jordan is a the pioneering countries in the restructuring of the electricity sector, with a regulatory body, open market and many regional projects.
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Egypt to witness major change in labor market
There is a fundamental change in all types of consumption and investments due to the amazing technologies and the fourth technological revolution.