News
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How will Egypt spend its $12B from the IMF?
The IMF approved a $12 billion loan, but how will the Egyptian administration spend it, amid allegations of the misuse of previous Gulf loans?
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Egypt’s Black Friday sales are popular, but challenged by country’s economic woes
In Egypt, Black Friday sales (or White Friday, as online shops called it) is a very recent phenomenon.
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Egypt Is Charting a New Economic Course
Unlocking the country’s potential through private-sector-led growth free of the heavy hand of the state.
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Egypt to expand Russian industrial zone in Suez
It is estimated around $4.6 billion will be invested in the construction of the industrial park by 2035.
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NREA poses tender for installation of windmill mid-2017
Project expected to cost €345m with funding from AFD, KFW, and EIB.
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Egypt unearths city and cemetery over 7,000 years old
Experts say Abydos was Egypt's capital towards the end of the Predynastic Period and during the rule of the first four dynasties.
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Currency drop hits Egypt's medicine supplies, angering public
The shortages include some cancer treatments as well as basic items like insulin, tetanus shots and contraceptive pills.
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Cisco targets 10% business growth in 2017
The parent company believes the Egyptian market is promising and is full of investment opportunities, says El-Gohary.
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Egypt makes good progress in meeting Russia’s safety demands
The ministry said resumption of flights is possible only after the Egyptian side fulfils the safety requirements at local airports.
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Egypt's Sisi transfers agricultural development and credit bank to CBE supervision
The newly named Egyptian Agricultural Bank will run as a joint-stock entity with state-owned capital.
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New mortgage finance law would double size of Egypt’s real estate market in less than a year
Head of parliament's Housing Committee calls on minister of investment to sign protocol with banks to facilitate mortgage finance for companies.
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Egypt's banks raise $3 bln since pound float decision
CBE had decided in early November to float the pound and raise key interest rates as part of a set of reforms aimed at alleviating the dollar shortage
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Hyundai dominates Korean car sales, Verna in the lead
Hyundai has acquired 75% of Korean brand sales in the Egyptian market, with 31,500 units sold out of a total of 37,100 units.
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Ahram Hebdo economic conference to highlight French investment in Egypt
The conference, held in partnership with the French Chamber of Commerce and Industry and the French embassy in Cairo, will be held from 9am to 5pm.
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Egypt's internet market adds 200,000 new customers in Aug
A report stated that penetration of mobile internet services reached 108.6 percent of the total population.
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Egypt set to sort out all tourist security problem before New Year
Russia suspended all flights to Egypt after an A321 Kogalymaiva passenger aircraft bound for St. Petersburg crashed over the Sinai Peninsula.
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Etisalat attracts more subscribers than Orange, Vodafone
TE lost 426,500 customers in September.
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Smart solution to Egypt’s urgent economic need
The question has always been how to redirect these resources to areas such as education and health that would improve people’s lives.
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Egypt gets $1.5 bln inflows since FX float:
Egypt's net hard currency inflows have totalled about $1.5 billion, according to central bank data, since the Egyptian pound was floated on Nov. 3
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BP to invest $13 bln in Egypt before 2020: UK embassy
Egypt's debts to international oil and gas companies rose to $3.58 billion by the end of September, rising from $3.2 billion six months ago.