News
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Egypt signs African FTA agreement, ratification awaits parliament
The agreement for the FTA accounts for $1.2 trillion, more than half of Africa's GDP.
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Egypt signs $4.6 bln construction deal with Arabia Group -statement
The agreement was made at the Economic Summit that was held in March.
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HSBC dismisses employees, management in Egypt remains silent
According to a bank statement, 8,000 employees out of 48,000 employees who work in the bank’s UK branches will be affected.
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Egypt hits 'complications' in plan for new administrative capital
The plan to build the new Egyptian capital was to be finished within five to seven years at a cost of $45 billion.
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Egypt's central bank to hold rates after inflation pick-up: Survey
Low foreign currency reserves and a fluctuating exchange rate have also dogged the Egyptian economy since the 2011 uprising.
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Egypt Says Cleared 50% of Foreign Investor Repatriation Backlog
The central bank will cover the remaining backlog in the “near future”.
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Egypt to allow unrated and covered bonds this summer: EFSA head
Unrated bonds allow small and medium-sized enterprises to access the bond market without going through long and expensive credit rating process.
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Egypt's winemakers seek to revive ancient art
Egypt is unlikely to emerge as a top wine producer anytime soon, or even challenge nearby Lebanon, Israel, Turkey or Greece.
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Egyptian lender CIB to buy Citi's Egypt retail business
The U.S. bank said last October that it was pulling out of consumer banking in 11 markets, including Egypt and Japan, to cut costs.
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Egypt to exempt millions of subscribers from July's electricity price hikes
During the current fiscal year, which ends in three weeks, the government has cut fuel subsidies, pushing prices at the pump by up to 78 percent.
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Dana Gas commences drilling gas well in Egypt
Firm can sell government's share of condensate at market rates.
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Real estate developers seek low cost funds from EGX
Listing real estate companies allows them to increase capital to compete with foreign companies.
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Egypt's foreign reserves fell in May: CBE
Reserves stood at about $36 billion before the 2011 revolt.
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Egypt’s EFG-Hermes plans Saudi Islamic fund as market opens up
EFG-Hermes says nearly a third of its $3 billion of assets under management is in Saudi Arabia, with $265 million managed by its Saudi unit.
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African officials gather in Egypt to talk mega trade pact
TFTA is to be launched at a summit of heads of state and governments on Wednesday in Sharm El-Sheikh.
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CIB receives 5 international awards in 1H of 2015
There are abundant opportunities across Egyptian market, says Chairman.
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Economy: World Bank Group President to visit Egypt for first time
Mr Kim will address the question of the important role of the private sector for economic growth in Egypt.
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The challenge of Egypt’s rising fecundity
Meeting the demands of this population will require strong, sustained economic growth and redistributive policies.
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EIA: Egypt Oil Market Analysis
Egypt is the largest non-OPEC oil producer in Africa and the second-largest dry natural gas producer on the continent.
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Ashburton Top Stock Pick Is Egypt’s CIB, Pares Morocco Holdings
Cairo’s benchmark EGX30 stock index has advanced more than 80 percent since an army takeover of Egypt in July 2013.