News
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Entrepreneurship crucial for Egypt’s advancement
The challenges facing entrepreneurs in Egypt include education, access to finance, legal regulatory framework.
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CB holds pound steady at 7.93 per $1
CBE has given permission to trade dollars up to 0.10 EGP and 0.15 EGP above or below the official rate at banks and exchange bureaus.
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Egypt's wealthiest man Sawiris raises stake in Adidas, becomes largest investor
Nassef Sawiris remains Egypt's richest person with a net worth of $6.7 billion, according to the 2014 Forbes list.
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Individuals pay for government’s ambition through taxes
Around 25% of budget revenues are from sales taxes, indirectly obtained through taxes on cigarettes, fuel and petroleum products, telecom, hotels..etc
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Egypt to host 2nd Lebanese-Egyptian Business Forum
The forum is meant to promote trade and investment between the two countries.
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Egypt's Mahalla textile workers say will continue strike on Saturday
Striking workers say that this is the first time that they have been denied their annual social bonus since 1987.
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Positive signals for Egypt’s FMCG sector
In a year marked by major acquisitions, Egypt’s food manufacturing industry is preparing for a round of new listings.
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Egypt Slides in Overall Ranking of Annual Doing Business 2016 Report
The country's overall ranking out of 189 countries fell to 131, losing five positions compared to last year.
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Economists divided on Central Bank of Egypt's next interest rate decision
Five economists talked to by Ahram Online differ on the CBE's next step regarding its key policy interest rate.
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Egypt's economic woes persist beyond monetary measures
Despite that Egypt's official reserves stand at around $16 bn, little is owned by the government, pointing to the depth of ongoing economic problems.
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Egypt's trade deficit rises 39% to $4.4bn in July
Egyptian factories also slowed down production with some plants completely halted due to energy shortages as Egypt has become a net oil importer.
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Egypt's Suez Canal revenues fall in September
Economists and shippers said increased traffic and revenues the government promised would require acceleration in global trade that seems unlikely.
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Ministry of Communication take steps for mega projects
Partnerships with private sector in the form of projects at a cost of EGP 2bn and others at EGP 3bn set to launch before end of 2015.
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Huawei’s market share 12.1% until end of September
Head of Devices Sector denies rumors of company's exit from Egyptian market.
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Egypt is second biggest insurance market in North Africa
Global rating agency Moody's said Egypt comes second place after Morocco, the biggest insurance market in North Africa.
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Egypt's Sisi on maiden India visit this week
He will discuss boosting economic cooperation between the two countries and increasing investment in Egypt especially in the new Suez Canal project.
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Application of sustainability enables Egypt’s economy to attract $20bn
Omran says conference is not luxury but rather means to think outside the box, since waiting for market challenges to end is not an option.
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Egypt begins feasibility study of Nile Basin countries’ navigation lane
The cost of the project is expected to exceed $10 billion. It is scheduled to be partially operational by 2017.
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World Bank, AfDB reaffirm commitment to boost Egypt economy
World Bank and African Development Bank delegation met Prime Minister Ismail to reaffirm commitment to cooperate in reviving the country's economy.
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Egypt's new central bank head seen as a win for big business
Predecessor Hisham Ramez reportedly faced increasing criticism for his reluctance to devalue the Egyptian pound.