News
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Lab opens at Egypt's pyramids to restore pharaonic boat
The project, funded by the Japan International Cooperation Agency is set to complete the initial phase of repairs of the 4,500-year-old vessel by 2020
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Moody's sees Egypt's economy growing but reforms slipping
Moody's forecasts the Arab world's most populous country will reduce its fiscal deficit to 11 percent of GDP for the fiscal year 2017.
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Telecom Egypt appoints Ahmed El Beheiry as new CEO
In August the company said it acquired the country's first 4G mobile license at a cost of 7.08 billion EGP to become the 4th mobile operator in Egypt.
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Greece revives Egypt’s sluggish economy with $1B investment
The volume of Greek investments in Egypt is about one billion euros for the last fiscal year.
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Egypt's investment minister promises legal reforms to support investors
Sahar Nasr promised at a meeting by the American Chamber of Commerce in Egypt legal reforms that would support investors and minimise obstacles.
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Pakistan-Egypt trade exchange hit $182mln in 10 months
Pakistan’s exports to Egypt amounted to $83 million during the period from January until October of 2016.
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Tourists tempted by cheap Turkey breaks
Thomas cook confirms tourits are starting to return to Egypt and Turkey due to low prices and relative stability.
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BP makes new gas discovery in Egypt’s Nile Delta
Development of Qattameya could help unlock the resources in other nearby discoveries with similar shallow low pressure characteristics.
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Egypt: open to investment
Foreign investors will be glad to hear that Egypt is taking serious measures to integrate new investment legislation and policy to attract investors.
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Egypt resumes meat imports from Brazil after temporary ban
If the import does not meet safety standards, the shipment is either destroyed or returned to the exporter at the expense of the importing company.
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Huawei Egypt to enhance regional market investments
Huawei made Egypt their regional hub for North Africa since 1999, serving 22 nations in the region, while Huawei Egypt was established in 2002.
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Egypt to double metro ticket price to EGP 2
No date has been set for the implementation of the price rise. However, the minister said it would take place "very soon".
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Only one kind of trader doing well as Egypt pound weakens
There are about 92 million Egyptians. Hardly any of them care about the price of stocks. Almost all of them care about the price of food.
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Egypt real estate market to be the fastest growing globally in 2017
About 300,000 households in Egypt are expected to be owned through a mortgage in 2017.
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Egypt's CIB completes $40 mln sale of investment banking unit
CI Capital's market value totalled about 950 million pounds and that it had completed the transfer of 74.75 percent of the shares, retaining 25%.
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Amending Capital Market Law to facilitate SMEs registration
32 companies were registered in NILEX with EGP 1.3bn capital by the end of 2016.
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Egypt, World Bank launch $500 million Upper Egypt development programme
The programme will focus on the governorates of Qena and Sohag, which are among the poorest in the country.
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World bank disburses another $1 billion loan to Egypt
World Bank issued the first $1 billion tranche of the loan in 2015 ut of its $3 billion loan programme with the country.
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Egypt emerges as the world’s fastest growing mortgage market
An overwhelming demand for housing in Egypt has resulted in the world’s fastest growing mortgage market, for Cityscape Egypt.
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Foreign holdings of Egypt T-Bills almost triple since January
Overseas holdings of T-bills reached 60.8 billion Egyptian pounds ($3.3 billion) as of March 14.That compares with 22 billion pounds at the end of Jan