News
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Nestle eyes Egypt growth despite dollar squeeze
Despite the turmoil in Egypt Nestle has expanded, opening a chocolate factory in mid-2014 and doubling its employees to 6,500.
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Egypt-Korean Business Council to convene Thursday in S.Korea
Thirty Egyptian businessmen will participate in the session alongside a number of Egyptian companies.
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Egypt's Pioneers to complete Rooya listing in H2 2016
Rooya has a real estate portfolio of about 9 million square metres, with 6 million of that currently under development.
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5 Egyptian Designers You Need to Know
The International Fashion Showcase (IFS) spotlights emerging designers from across the world and IFS 2016 ultimately garnered a commendation for Egypt
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Egypt, Japan sign 3 bilateral agreements worth $500m
The loans will finance three national projects.
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Egypt's CIB appoints former CBE governor Ramez as managing director
Ramez will serve as Vice-Chairman and Managing Director of Egypt's largest listed company.
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Government committee to improve Egypt’s ranking in Doing Business
Four ministers met Saturday to discuss the business environment in Egypt, according to Minister of Investment.
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Cargo ships could save thousands by skipping the Suez Canal
Last year, Egypt completed an $8.5 billion expansion of the canal to allow two lanes of traffic and reduce transit time through the Suez Canal.
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Profit repatriation impedes acquisition deals in local market
CBE failed to resolve repatriation problems, which hindered flow of foreign direct investment, say Experts.
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Egyptian App wins 2nd best mobile startup worldwide
Young entrepreneurial siblings Samira and Ahmed Negm were awarded second place at the world's leading mobile event in Barcelona for the app "Raye7".
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We are at the end of the economic road
Egypt risks falling into trap of relying too much on central bank, says prominent economist.
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EGP4.7b collected in national fund-raising for economy
The amounts collected by the “Long Live Egypt” fund include EGP1 billion provided by the military.
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Egypt invited to attend G20 meeting for first time
The first G20 leaders' summit was first held in 2008 following the world financial crisis.
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Egypt hopes to issue international bond by end-June
Dimian said Egypt would face a "financing gap" over the next three years of between $25 billion and $30 billion.
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Egypt pound reaches record lows amid a dollar shortage
The central bank had directed local banks to prioritize giving dollars to pharmaceutical companies to import medicine and supplies.
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Egypt's central bank widens exceptions on import restrictions
The Central Bank of Egypt excluded manufacturing inputs from the requirement on importers to provide 100% cash deposits on their letters of credit.
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Crystal Lagoons wins $2bn tourism project in Egypt
Located on the Alexandria-Marsa Matrouh north coast road, the upscale $1.8 billion tourism and residential community will cover 10 million sq meters.
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Eni granted development lease for Egypt's Zohr gas field
The discovery of the super massive natural gas field by Eni last August was hailed as a game-changer for Egypt.
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Egypt Cuts Economic Growth Forecast as Tourism Reels After Crash
The revision to a range of 4 percent to 4.25 percent from a previous 5 percent underlines the challenges Egypt has faced trying to rally its economy.
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Egypt to float United Bank of Egypt
The United Bank was formed out of the merger of three failing banks which the central bank acquired in 2006.