News
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Egypt non-oil business activity slows for 11th month running in August
New orders, and employment deteriorated, with purchase prices rising sharply amid a hard currency shortage.
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Women contribute 50% to 1.2 mln micro enterprises in Egypt
The official statistics body highlighted that there are 2.4 million small and micro-sized enterprises all over Egypt with 6.3 million employees.
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Army to end infant milk monopolization
Brig. Samir said on Saturday that the Armed Forces found that the companies importing infant milk are monopolizing the sale of milk packages.
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Developing countries should be integrated into world economy
Egypt’s foreign minister Sameh Shoukry delivered a speech at the G20 summit calling for the integration of developing countries in global economy.
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South Korea seeks enhanced business cooperation with Egypt
President Sisi and President Park met on the sidelines of the summit of the Group of 20 advanced and emerging economies in China.
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Egypt's GASC buys 50,000 tonnes of Brazilian raw sugar
GASC bought the sugar for $491.50 per tonne, it's due to arrive between 15-30 October.
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Lava in venture with Egypt’s Easy Group
Lava has agreed on a joint venture with Easy Group, which will enable the home-grown handset maker to start selling its mobile phones in Egypt.
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G20 leaders meet in China to tackle economy, environment
Among the hopes for this year's summit: New China-US joint commitments to fight climate change could be on the menu.
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US-Egypt Business Council supports government’s request for IMF loan
The successful implementation of this agreement will help Egypt transition to a more market-oriented economy with a robust private sector.
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Turkey eyes better ties with Egypt, Syria in future
Turkey looks towards a future of normalized relations with Egypt after strain.
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Shell discovers new gas field in western desert
A new gas field (PTI – 2) discovered in the Alam El-Shawish concession area in the western desert with gas reserves of about 500bn cubic feet.
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Egypt power struggle rattles wheat market as traders shun tender
Egypt is paying $6 a ton to $7 a ton more than private companies partly because of quality-inspection requirements.
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Approval of the VAT is a historic achievement
Change in national tax code will affect all portions of society, unless explicitly exempted.
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Egypt's trade deficit down 15.7 percent year-on-year in June
On a monthly basis, June's trade deficit registered a decrease from the 24.6 percent figure in May.
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Telecom Egypt becomes the country's first operator to secure 4G licence
The other operators have until 22 September to pay required financial obligations and sign up for the licences.
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Cyprus, Egypt sign deal paving way for gas pipeline
Cyprus and Egypt have signed an agreement paving the way for the supply of Cypriot gas to the Arab nation through an envisioned pipeline.
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Egypt's tire market hit by foreign currency woes
The prices of all brands Korean, German, Turkish, Canadian, American have increased significantly in 2016.
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SMEs may be the key for a better Egyptian economy
SMEs have the ability to provide a large number of jobs to subdue unemployment and produce important products.
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International experts in Egypt to inspect Metrojet wreckage
Experts from Russia and Germany are in Egypt to inspect the wreckage of a Russian passenger plane that crashed in Sinai last year.
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Sawiris deepens regional financial ties with market-making strategies
rascom and its subsidiaries are expanding for regional and international exposure.