News
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Egypt's Tahya Masr fund executive announces social service projects
President Abdel-Fattah El-Sisi launched the fund in 2014 to create projects to bolster the economy.
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Egypt’s e-commerce activity expected to double: Souq.com co-founder
Egyptians prefer using domestic shopping websites, says MasterCard’s online shopping behaviour report.
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Egypt to launch new grain storage system next week: Minister
The government signed an agreement with Blumberg Grains in December to replace 93 local wheat barns with food security technology and systems at a cost of $28 million.
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Egypt’s Railway Authority’s 2015/2016 budget may reach EGP 12.8bn
The investment plan will be the authority’s largest and would focus on the much-needed revamping of run down facilities.
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Egypt eyes $26 bn in revenues from tourism by 2020: Minister
The tourism sector made a gradual recovery this year after four years of political instability and two changes of regime.
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Egypt requests new $ 300m World Bank loan for health sector
Egypt will receive loan in May and loan repayment period will be between 25-30 years, says Kouchouk.
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Annual salaries in Egypt’s private sector rose 7.9% in 2013: CAPMAS
The number of workers in the private sector rose 10.8 percent to 1.2 million in 2013, compared to one million in 2012.
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Egypt's EFG-Hermes seeks to raise $51 mln in capital hike
EFG-Hermes will distribute 1.46 of the shares for every 10 shares
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Egypt's foodmaker Edita signs $12 mln contracts with Hostess Brands
CEO: Edita is targeting sales of more than 2.5 billion Egyptian pounds in 2015.
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Urban development project set to upgrade informal settlement of Istable Antar
Residents suffer from lack of services and medical care, and isolation from basic needs.
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Egypt to issue Eurobond by end of May: minister
Aiming to raise $2bn to help reduce the state budget deficit, Egypt's government will issue international bonds starting at the end of next month
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Egypt central bank to hold rates after inflation pick-up -survey
Critically low foreign currency reserves and a fluctuating exchange rate have also dogged the Egyptian economy since a 2011 uprising.
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Egypt's GASC buys 300,000 tonnes of wheat
Minister of Supplies had said stock of wheat is enough till the end of May.
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HSBC Egypt launches LE300 mn fund for SMEs
Medium-sized enterprises with 10 to 50 employees account for around 2.7 percent of total businesses.
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Egypt arm of Dubai developer Emaar reports big profit increase
The company's revenues rose 110 percent in the same period to 751.5 million pounds from 357.7 million.
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Egypt seeks bigger share of India's tourist pie
Hamid: We believe that India could be a very promising market for us.
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Indian petrochemicals giant Sanmar to invest $350 mn in Egypt
The added investment will bring total investment in Egypt by Sanmar Group to $1.45 bn.
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Hikers: Sinai tourism is safe
Tourism almost recovered in 2012 then shrank again to 9.5 million in 2013 after various attacks on tourist destinations.
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Egypt to impose 8 pct import tariff on steel rebar
Egypt's major steelmakers had petitioned the government to impose anti-dumping measures on rebar and wire rod imports.
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Egypt's new administrative capital utilities to cost LE2 billion
The prospective new administrative capital is estimated to cost around $45 billion and would take five to ten years until completion.