News
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41.4% decrease in foreigners working in Egypt’s government sector: CAPMAS
Number of foreign workers in any facility and its branches is not permitted to exceed 10% of employee total.
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Emaar plans to float 13 per cent of Egypt unit
If completed, the flotation will underline the link between Egypt and the UAE, with the latter providing large amounts of financial, energy and political support to the Egyptian government.
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Egypt's Suez Canal revenues rise to $422 million in April
The Suez Canal is one of the main sources of foreign currency for Egypt.
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Egypt confirms no rise in fuel prices
Egypt is to implement the long-planned smart card system for fuel at gas stations on 15 June.
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Sisi meets members of Egypt-Kuwait Business Council
The government is keen to resolve investment disputes with foreign investors through amicable means.
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Vodafone Egypt adds half million customers in March quarter
Vodafone customers reached a total of 39.717 million at the end of March
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Wall Street Exchange ties up with Fawry - Egypt, to provide easy solution for bill payments
The partnership will allow individuals and companies in the state to pay their bills through a unified electronic network covering all Egypt.
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Mövenpick Resort & Spa El Gouna awarded Green Globe re-certification
Only companies that adhere to the highest environmental standards receive the Green Globe Certification.
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6 things that Egypt can do to boost tourism
Fighting mafias, better visa regulations and promoting lifestyle tourism will greatly help tourism sector in Egypt.
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Egyptians in talks to buy foodstuffs in Brazil
A representative of importers will convene with Brazilian commodity suppliers to stock up for Ramadan.
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Egypt- Vodafone invests EGP 4.5bn to develop its technological sector: Tech Director
The challenges facing the company as a mobile operator include the electricity outages and the infrastructure offered by Telecom Egypt (TE).
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Egypt seeks expansion of QIZ trade agreement
The US was Egypt's third biggest trading partner in the last fiscal year ending 30 June 2014 with trade worth a total of $6.7 billion.
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Yellow Launches Bitcoin Voucher Service in Egypt
In general, Egypt is a tough market, due to high computer illiteracy, a poor telecoms infrastructure, and weakened economic conditions.
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Egypt puts capital gains tax on hold
Egypt's government froze plans for a 10-percent tax on capital gains on Monday, reversing a central component of its economic reform agenda that investors had criticised.
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Dollar exchange rate forces increased automotive prices
Sector workers cannot keep up with increase in taxes and customs.
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Nissan to increase investments in Egypt: Vice-chairman
Japanese automaker plans to boost investment in Egypt.
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Egypt's SODIC doubles first-quarter profit
The revenues doubled from the same period last year.
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Investment and finance ministers should switch positions
Business Tycoon Naguib Sawires expresses his views on the vague situation of the capital revenue of taxes.
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Egypt's unemployment falls slightly to 12.8% in Q1 2015
State statistics body announces small decline in unemployment rate.
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Egypt's Oriental Weavers posts slight fall in first-quarter profit
Profits fell from EGP154.09 million last year.