News
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Ministers of planning, education attend business forum at BUE
Qalaa Holdings’ managing director discusses potential for economic cooperation between Egypt and the countries of sub-Saharan Africa.
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Egypt’s consumer price inflation reaches 31.5pc
Inflation hit a three-decade high in April, adding pressure on the government to lower prices before Ramadan.
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NOSCO targets business worth EGP 200m in 2017
The National Transport & Overseas Services Company aims to compete on electricity distribution projects by the end of the year.
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Egypt's International Business Corporation Q1 profit falls
Q1 net profit EGP 241,985 versus EGP 911,563 year ago.
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Egypt’s economy seems to be gradually picking itself u
Purchasing Managers’ Index rose in April to its highest levels in 9 months.
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Automotive market lost 46.5% of its sales during Q1 of 2017
The market saw sales of 26,500 units compared to 49,600 units, according to the Automotive Marketing Information Council (AMIC).
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CBE obliges banks to not deal with more than 7 exchange bureaus
One major bank in the market alone deals with 60% of all exchange bureaus.
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Vodafone added 356,000 new clients in January
Orange lost 89,300 clients, fixed-line subscribers reach 6.3 million.
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Electricity Ministry set to decide on new tariff increase this month
Average households will see 20-40% increase, subsidies to continue for 5 more years.
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Debut Egypt Property Show nets over $55m sales
Egypt Property Show (EPS) 2017 ended its inaugural GCC edition on a successful note with leading developers clinching sales deals worth E£1 billion.
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US dollar exchange rate stable, hovering around LE18
At the Commercial International Bank (CIB) and Baraka Bank, the purchasing rate was LE18.05, while the selling rate was LE18.15.
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Egypt passes delayed investment law
The law facilitates procedures for investors and creates incentives in the hope of getting Egyptian economy back on track.
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If the Bond Market Could Decide, Egypt Would Be Set for Upgrade
The IMF loan gave Egypt a promotion in the bond market that was out of question before.
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Tablet market extends slide as consumer habits shift
IDC said Apple led the market with a 24.6% share in first quarter despite a 13% sales drop.Samsung sales fell 1.1% but retained the number two spot
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Germany-Egypt trade exchange hit $6.1bln in 2016
Germany’s investments in Egypt amounted to around $619.2 million until January this year, making it the 20th biggest investor.
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Egypt's foreign reserves rise to $28.641 bln at end-April
Egypt's foreign reserves have been climbing since it clinched a $12 billion three-year loan from the International Monetary Fund in November.
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Egypt's Sisi in UAE for talks
The UAE alone last year pledged $5 billion to Egypt, among other loans from other gulf countries.
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Egypt imposes fees on Jordanian refrigerated trucks
Truck owners currently have to pay $100 per truck for each trip from May 1 to June 30. After May 30, truck owners will either have to pay $300.
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EGX chairperson hosts meetings with business and financing representatives
Omran held talks with representatives from Infor and CitiBank International amid reforms taken by the government to improve the investment climate.
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Egypt has contracted to import 20,000 tonnes of Indian rice
Egypt, traditionally a rice exporter, has contracted to purchase 20,000 tonnes of Indian rice. No reasons were given for the purchase.