News
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Egypt’s August exports drop to $1.433b
Meanwhile, the imports soared by 15.3 percent in June 2015, to a total of LE40.7 billion.
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Egypt real estate market needs 900,000 units annually
Egypt should establish 900,000 housing units annually to meet real estate market's needs: Director of development solutions at Colliers International
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Egypt's trade deficit grows 62.5 percent in June
Egypt's trade deficit continues to grow on higher crude oil exports.
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Hill International’s business volume in Egypt reaches $12bn
Hill International is a project management firm that manages mega public, private, infrastructure and industrial projects in Egypt.
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Egypt’s economy may grow 4.5% in FY 15/16
budget shortfall shrank from 13 percent to 10 percent in FY 2015/2016, while it is projected to slow down to 8 or 9 percent in the coming years.
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Egypt moves to protect locally made products
The regulation clarified the needed rules for enhancing the values of transparency and it doesn’t have any discrimination against Egyptian products.
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Saudi Halwani Bros. to offer acquisition of Egypt's Rashidi El-Mizan
There is also unconfirmed news of other companies looking to acquire Rashidi El-Mizan.
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Egypt- El-Wahab, Al-Manar contract to supply brake linings in exchange for engine oils
El-Wahab Group for Manufacturing & Assembling Cars has signed a cooperation protocol with Al-Manar for Manufacturing Car Fluids (AMCF).
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Egypt security forces accidentally kill 7 mexican tourists
gyptian security forces accidentally killed 12 people, including 7 Mexicans in the Western Desert after mistaking a group of tourists for militants.
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Ending parallel market has positive impact on Egypt's economy
Egypt is on its way towards achieving economic recovery, Ramez noted, asserting that Egypt's economy proved to be tough in face of serious challenges.
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Indian company to invest Rs 5,000 cr in Egypt's agro sector
Indian corporate Embee International is in the process of acquiring 33,000 acres of land for farming in Egypt.
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Egypt becomes focus of world’s attention
Banque Masr Chairman states that Egypt is a promising market for investments using new Suez Canal as an example.
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Egypt needs more investments to boost its economy
The government is hoping for a total of $10b in investment in the 2015-16 fiscal year.
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Egypt cabinet submits resignation, president accepts
Egypt's cabinet has resigned but will stay on in a caretaker role until a new government is formed.
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Egypt's core inflation slows to 5.6% in August
measures taken to reduce budget deficit like raising fuel prices have contributed to soaring pricing.
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Egypt faces tougher sell on second post-Arab Spring Eurobond
There are plenty of reasons to expect Egypt's second bond sale since the 2011 is going to be a tougher sell than the first one 3 month ago.
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Egypt creates ministerial committee to settle investor-government contract disputes
The committee will include the ministers of finance, justice, transitional justice, international cooperation, investment, industry and foreign trade.
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No government intervention in monetary policy
Egypt's cabinet says the central is independent following remarks by Egypt's investment minister on Monday about devaluing Egyptian pound.
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Egypt downsizes Arabtec project to 100,000 units
Egypt's project with Arabtec was downsized to 100,000 units instead of 1 million, the Egyptian Housing Ministry tells privately-owned newspaper.
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Egypt closes 4 ports in Suez province due to sandstorm
Egypt's state news agency says authorities have closed four ports in the Suez governorate because of poor visibility due to a sandstorm.