News
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Egypt to attract 20 pct more tourists this year: Minister
The number of forward bookings for this summer and winter are 15-20 percent higher than a year ago and visitor numbers in the first two weeks of April rose 19 percent year-on-year.
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Mubarak era business tycoon offers LE4.6 bn for reconciliation with government
One of the most prominent cases against the business tycoon involves exporting natural gas to Israel below market rates, resulting in losses to Egypt.
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Mashreq Bank expands in Egyptian retail banking market
New initiatives to be launched this coming year to enhance services.
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Half of Egypt's farmers own less than 15% of agricultural land: report
According to a source from the ministry of agriculture, the decline in the farmer's share of land is the main reason for increasing poverty rates in the countryside.
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Mercedes-Benz denies withdrawal from Egyptian market
Market is unstable due to fallacy of statements, lack of understanding, company heads say.
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Orascom, Bombardier to build $1.5 billion monorail in Egypt
The train will connect the Cairo metro system, which is being expanded, to areas west of the capital including 6th of October City and Sheikh Zayed.
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Egypt’s PayPal merchants can now sell internationally
The new service comes as part of PayPal’s commitment to developing e-commerce in Middle-East and North Africa, and specifically in Egypt.
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Sudan, Egypt opens land port to boost border trade
The inauguration of the Qustul land port will boost the volume of trade between the two African countries.
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Egypt's labour movement could regain momentum despite strike ban
The first three months of this year saw more than 300 protests by workers in factories, teachers, healthcare employees, drivers and others, according to data compiled by local NGO Democracy Meter.
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Stock market head: First quarter of 2015 worst since 2008 crisis
The Egyptian Stock Exchange has been experiencing waves of sharp fluctuations in recent weeks after the issuance of the executive regulations of the tax code.
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Al- Sisi meets Spanish economy minister, businessmen
Officials discuss prospects of Spanish investment in Egypt, presidency says.
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Access Power supports Egypt’s renewable energy future
Access Power MEA is involved in every aspect of energy supply, from development to operation, and holds multiple power assets across the Middle East and Africa.
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Egypt's government to issue sukuk in FY2015/16
A law regulating Islamic bonds (sukuk) is being revised and is expected to be issued soon.
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Egypt’s crackdown on dollar black market cripples importers
Egypt has four main sources of foreign currency including direct investments, tourism earnings, revenues of the Suez Canal and the remittances coming from overseas Egyptians.
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Egypt's Mobinil sells unit stake to Eaton Towers subsidiary
Mobinil, 99 percent owned by France's Orange, said revenue rose to LE2.794 billion from LE2.649 billion.
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Sainsbury’s rejects Egypt legal case against CEO Coupe
In 1999, Sainsbury’s invested in a company called Edge that was owned by Nasharty. The joint venture was wound up in 2001 with Nasharty agreeing to buy back Sainsbury’s shares for about 40 million pounds ($61.6 million).
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No official decision to ban WhatsApp voice call: Egypt telecom minister
Egyptian Minister of Telecommunications Khaled Negm says there is no official decision to ban WhatsApp's free voice call service.
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Beach Energy Sees Egypt Interest Spurring Deal in Coming Months
Beach Energy Ltd. is making progress in efforts to sell its oil and gas holdings in Egypt and seeking to sign a deal in the coming months as the Australian explorer hunts for acquisitions at home.
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Chevrolet, Hyundai lead automotive market sales
Volume of vehicles YTD sold reach 72,193 units.
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Egypt’s Dollar Black Market Returns as Shortage Unresolved
Egypt’s black market for dollars has reappeared less than three months after the central bank declared it finished.