News
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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.
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HTC raises Egyptian market share of smartphones to 7%
“Setting a limit to dollar deposits lowered chances of sale growth”, says Abdel Mohsen.
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Egypt hosts annual meeting of financial regulators from emerging markets
Forty financial regulators will discuss how to develop derivatives, ETFs and bond markets within their countries.
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Hyundai Verna most sold car in Egypt
EGP 1.4bn in Korean car sales in Egypt in the first two months of 2015.
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Large-scale cooperation between Belarus, Egypt
Belarus and Egypt are connected by multipurpose and large-scale cooperation.
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IDB Seeks Egypt Repayments Before New Islamic Debt Is Issued
Egypt will need to complete projects and start repaying loans if it wants more funds from the Islamic Development Bank.
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Egyptians eye Uganda drugs sector
Raafat Sakr Group from Alexandria in Egypt, are interested in investing in Uganda’s pharmaceutical industry and the education sector.
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Mobinil consolidated losses shrink 80% in Q1 2015
Revenues reached LE2.8 billion in the first quarter of 2015.
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Egypt's Eastern Co 9-month net profit up 19 pct
Egypt's top cigarette maker's nine-month net profit rose by 19.4 percent compared with the same period last year.
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Nile Ritz Carlton to open its door in July: Source
The hotel, which looks over the Nile and Tahrir square, will include over 300 rooms and a shopping mall.