News
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Egypt takes delivery of second floating LNG import terminal
The BW Gas terminal arrived and will remain at the Gulf of Suez port of Ain al-Sokhna port where the Heogh terminal is also moored.
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Egyptian Technology Turns Salt Water Into Drinkable Water
The researchers say this new technique can also be used with different types of contamination such as sewage and dirt.
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Ministry of International Cooperation, AfDB sign $650,000 grant agreement
Finance is for first phase of initial feasibility studies needed to establish shipping line connecting Mediterranean Sea and Lake Victoria.
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Automotive industry strategy included in unified manufacturing law
Chairman of the Federation of Egyptian Industries stated that ministry of Finance is reviewing law before presenting it to cabinet.
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Kellogg's acquires Egypt's leading cereal maker
The deal marks the second acquisition by Kellogg in Egypt in a year as the US company seeks to expand in emerging markets.
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Egypt to host Economic Investment Conference in November
Conference will be attended by Arab, African and European business institutions and leaders.
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Egypt’s president plans shift to VAT regime
El-Sisi said the VAT regime, along with a simplified tax system for SMEs will raise revenues and bolster investments, growth, jobs and cash flow.
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Egypt tourism industry expects modest growth
Minister Hisham Zaazou expects around 10 million tourists this year or slightly higher, 1 million less than the previous forecast of 11 million.
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Egypt has largest customer base in Arab region electronics market
Lebanon came in 4th place with 2.6 million buyers, then Kuwait with 2.4 million buyers through the Internet, while Jordan took the last place.
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33 Indian companies participate in textile exhibition in Egypt
33 Indian textile companies will showcase their yarn and fabrics in a textile exhibition in Egypt, one of the biggest markets for Indian textiles.
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Egypt’s 2014 trade with COMESA totals $2.6 billion
The volume of trade exchange between Egypt and the Common Market of Eastern and Southern Africa (COMESA), totaled $ 2.6 billion, through 2014.
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Ismail assigns Salman to report on Sharm El-Sheikh projects
Six agreements are being implemented with $30.2bn in the fields of petroleum, electricity, transportation, according to investment minister.
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France sells warships to Egypt, after Russia deal scrapped
French government sources said Egypt would pay 950 million euros ($1 billion) for the warships, with "significant" financing from Saudi Arabia.
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Empty Cairo homes beyond reach of Egypt’s poor
In a country where 26 percent of the population lives below the poverty line, social housing has become a pressing need, but it is often beyond the means of those who most need it.
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Indian market opened to Egyptian onion
Egypt's onion exports to India which hit 114,000 tons against 380,000 in the same period last year.
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Egypt gets $450m AfDB funding in 2015
The minister also stated that the ministry’s priorities include supporting the state’s budget as well as providing funding to stimulate growth.
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Egypt launches urgent plans to meet market’s fuel needs
Mola also urged to increase the amount of pumped fuel to 22,500 tons of petroleum and 42,000 tons of diesel fuel.
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Egypt's Global Telecom to move headquarters to Amsterdam
The firm will continue to have a registered office in Cairo and the move will not have an impact on its listing on the Cairo stock exchange.
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Telecom Egypt head resigns shortly after cabinet reshuffle
The head of Egypt's telecom regulator resigns, cites unfriendly work environment.
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IMF concludes visit to Egypt
IMF recommended flexible exchange rate, implementing VAT.