News
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Car prices unchanged in July except Hyundai, Nissan, Chery
The increases of the 3 companies ranged between 1,500 and 11,000. For the first time in years, car companies have not offered price cuts in Ramadan.
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Russia, Egypt to sign agreement on industrial zone formation in autumn
Russian carmakers, petrochemical enterprises, energy and medical companies are expected to locate their production facilities within the zone.
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Andersen Global Initiates Expansion in Egypt
A collaboration agreement was signed with Maher Milad Iskander and Co., an Egyptian tax and legal firm based in Cairo.
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Egypt’s economy shows signs of vigour: BNP Paribas
Inflation isn’t the only reason behind the soaring inflation,the increase in the prices of semi-finished goods and commodities is also to blame.
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Egypt aims to double its high-quality cotton production and export
The government aims to increase the price of the long staple cotton to more than 3000EGP per qintar which will be exported.
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EGP 22.5bn allocated to develop electricity distribution networks
The Ministry of Electricity allocated EGP 22.5bn for the maintenance of cables and developing electricity across the country within the next 3 years.
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Egypt's parliament passes law regulating gas market
The government hopes the law will attract greater private sector participation in the country's rapidly expanding gas sector.
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V4 + Egypt summit targets improved economic ties
El-Sisi met with the Visegrad group: Hungary, Poland, Czech and Slovakia on Tuesday.
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Bond market offering 21% yields finally turns Egypt into a buy
The Egyptian Treasury bill market attracted more than $9 billion since the central bank allowed the currency to trade more freely in November.
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Egypt raises electricity prices by more than 40 percent
This is latest move on the road to lifting all subsidies and complying with demands by the International Monetary Fund for a $12 billion bailout loan.
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Egypt selects CI Capital-led group to lead IPO of ENPPI
The chosen consortium includes Jefferies International Limited and Emirates NBD Capital Limited.
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Egypt's parliament approves 2017/18 budget, targets 4.6 percent economic growth
The 2017/18 budget is expected to be ratified by President Abdel-Fattah El-Sisi in the coming days.
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Egypt’s foreign reserves continue to rise registering $31.3 bln in June
Egypt's foreign reserves continued to climb registering $31.305 billion at the end of June and edging closer to pre-2011 levels of $36 billion.
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Dubai to help boost female education in Egypt
Dubai aims to improve the standard of education for 15,000 students and to ensure they have a safe and engaging environment to learn.
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Egypt to cut corn imports amid higher local production
Egypt last year floated its pound currency, causing it to roughly halve in value and pushing inflation to over 30 percent.
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US dollar exchange rate’s decline continues for third consecutive day
The purchasing rate at National Bank of Egypt reached LE17.84, while the selling rate reached LE17.94.
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Egypt third-most active market for awards in 2016
New research report from MEED shows Egypt was the third-biggest market for contract awards in the Middle East and North Africa region last year.
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Egypt's IMC, KAZAKH INVEST ink deal to ease exchange of investments
The deal aims to exchange experiences in the field of promoting global trade and development amid presentations, seminars, training, courses & others.
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Are Egypt’s IMF-imposed reforms working for people?
With the increasing strain on the people, more are wondering whether IMF straitjacket is too restrictive for Egypt’s ordinary citizens.
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Egypt's non-oil business activity contracts for 21st month in June
The non-oil private sector dipped to 47.2 points in June from 47.3 points the previous month.