News
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Egypt-Greece business council to hold third meeting in Athens
The council will discuss overcoming obstacles facing the export of Greek cotton to Egypt and the export of Egyptian potatoes to Greece.
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Egypt to buy eight Boeing passenger planes
The new planes will replace the Airbus A320-200, the minister noted.
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Egyptian business activity falls to 2-year low in November
New orders fell for the second straight month and at the quickest rate of decline since September 2013.
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Egypt ordered to pay 1.75bn over gas supply cut to Israel
Egypt's petroleum ministry said it would appeal the judgement reached through international arbitration after Cairo annulled its contract with Israel.
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Egypt Economy Continues Economic Progress
Egyptian authorities revised its previous GDP fiscal year estimate of 5.0 to 5.5 percent amid renewed infrastructure investments.
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Egypt's Banque Misr closes $250 mln 3-yr loan
The transaction is the first time the bank has sought to borrow from international banks since the North African country was hit by political unrest.
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Egypt launches $2.3 million energy efficiency project with IFC
The project will finance studies on the feasibility of locally manufacturing clean energy technologies to be used in local industrial facilities.
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Kiosks offered to metro’s street vendors
Four kiosks built, 20 more expected by the end of the month.
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Egypt lifts 2015-16 GDP growth forecast
Egypt's inflation rate for 2014/2015 was 10.9 percent, Arabi said.
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Trade Minister Discusses Facilitating Access of Egyptian Exports to Russian Market
The ministry is currently coordinating with different export councils to discuss means to increase the Egyptian exports to the Russian market.
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Egypt keen to buy Pak's JF-17 Thunder fighter jet
The Egyptian Ambassador told the minister that Egypt is looking for collaboration with Pakistan in the defence industry.
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Egypt's forex reserves almost unchanged in November
Egypt's reserves inch up to $16.423 billion in November compared to $16.415 billion in October.
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Egypt to open museum at Cairo airport amid tourism slump
Antiquities Minister Mamdouh el-Damaty said the move will help boost transit tourism.
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Barclays Africa's Talks With Parent on Egypt, Zimbabwe Fail
Talks to buy Egyptian and Zimbabwean operations from the parent ended after they couldn’t agree on price.
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Sisi tells Egyptian businessmen private sector key for economy
El-Sisi asked the businessmen to form a contact group of Egyptian business leaders and investors for direct contact with the presidency.
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Egypt's Dolphinus Sees Gas Import Deal With Israel in Months
An agreement would alleviate an energy shortage in Egypt that has cut industrial output and may also help to position the country as a transfer point
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Germany works with Egypt to ensure tourism security
Lufthansa had announced it would halt flights to Hurghada until further notice, a decision that impacted Eurowings' weekly flights departing from Koln
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Egypt Stock Market Jumps Up After Government Pays Dues to Foreign Investors
CBE said in a statement on its website that it has cleared "all the pending backlog" owed to foreign investors "to date".
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Army opens 61 new outlets for consumer commodities nationwide
Offering products at the cost price to face high prices and prevent monopolistic practices.
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Egypt experiences 9.3 % decrease of tourist arrivals in October
The biggest number of holidaymakers was those coming from Eastern Europe, with 39.7 percent of the total, of whom 71 percent were Russian.