News
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Egypt has high hopes of reviving tourism
The most populous Arab nation aims to attract 12 million tourists by the end of 2017 with a six-point plan.
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Healthcare provider Cleopatra Holding plans IPO in Egypt's bourse
Egypt's leading investment bank, EFG-Hermes, will manage the Initial Public Offering.
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A high-tech attempt to ease Egypt’s grain drain
Egypt is the world’s largest importer of wheat but also a prolific squanderer of its own crop.
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Egypt's Redcon targets business worth $168mn by 2017
Egypt-based Redcon Construction Company aims to expand its volume of business in the Egyptian market to reach USD 168 million by 2017.
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19 Most Expensive Schools in Egypt: 2016-2017 Edition
Tuition prices have little to do with the quality of education. The numbers you'll find in the list below are the raw tuition fees.
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Egypt, Saudi Arabia to build joint bridge over Red Sea
The agreement includes establishing King Salman Ibn Abdel Aziz University and building residential buildings in Sinai.
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One of Egypt last dyeing workshop fights to survive
A shortage of dollars needed for the purchase of goods has also taken its toll on the small business, which once had numerous workers.
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Egypt bans trading of foreign wheat in domestic market during local grain procurement
Egypt's state grain buyer, the General Authority for Supply Commodities (GASC), aims to purchase 4 to 4.5 million tonnes of domestic wheat this year.
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Egypt's non-oil business activity slows for sixth month in a row
The economy grew around 4.2 percent in 2014/15 and is expected to grow around 4.4 percent in 2015/16.
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Emirates Auction launches first subsidiary in Egypt
It will meet the needs of a large segment of people who want to buy and sell real estate, goods and cars in Egypt.
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Egypt's financial regulator issues rules for covered bonds
More corporate issuance would give companies an important channel to raise funds for investment.
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Saudi businessmen invest $4B in Egypt projects
At the end of 2015, there were 3,302 Saudi-owned companies in Egypt, with a total capital of $27.9 billion.
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Egypt's foreign currency reserves slightly up in March
The central bank will repay $800 million to the Paris Club and the remaining $1 billion it owes to Qatar next July.
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Army’s control on market does not affect businessmen
Naguib Sawiris has supported the economic role played by the army, yet expressed concerns that this could affect its main role in defense.
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Telecom Egypt names Maged Osman Chairman, Tamer Gadallah CEO
Telecom Egypt, which has a 45 percent stake in Vodafone Egypt, has sought in the past years to enter the mobile operations market to face competition.
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69% of real estate professionals confident in market growth
Investors and real estate professionals have much to be optimistic about.
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Ramping up gas production in Egypt
Egypt’s upstream gas industry is attracting multi-billion-dollar investments as it looks to meet rising domestic demand.
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Cairo says Washington keen to boost Egypt's ailing economy
Egypt’s Foreign Minister Sameh Shoukry held bilateral discussions with US counterpart John Kerry in Washington.
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NBK-Egypt posts $64m net profit, up 53pc
The net loans and advances reached EGP13.8 billion at year-end 2015, up 37.4 per cent compared to the previous year.
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Telecom Egypt expects EGP 1.5 bn in profits from Vodafone Egypt
Vodafone Egypt will pay the profits in two equal installments in April and June, according to the TE statement.