News
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Obama Ends Freeze On U.S. Military Aid To Egypt
Obama directed the release of 12 Lockheed Martin F-16 aircraft, 20 Boeing Harpoon missiles, and up to 125 M1A1 Abrams tank kits to Egypt.
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Cairo, Sharm El-Sheikh most likely to grow in MENA tourist destinations: Colliers International
Report expects visits to Cairo to increase by 58%, Sharm El-Sheikh by 29%.
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Egypt's Edita says public offering 4.5 times oversubscribed
Edita is one of the biggest food companies in Egypt.
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Visa halt negatively affects 40% of tourism income: Former ETF Chairman
Foreign ministry decided to stop all individual visas to Egypt, leading to fears of negative impact amid ongoing tourism sector crises.
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Egypt's CIB Bank to issue dividend of 1.2 pounds per share
The bank last month reported annual net profits of 3.74 billion pounds until December.
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Egypt: Fuel subsidy bill down 30%
Egypt spent 44.8 billion Egyptian pounds on fuel subsidies in the first half of the current fiscal year.
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UAE's Aabar, Arabtec said to eye more Egypt investments
Aabar last year bought a stake in Cairo-based Palm Hills Developments. Arabtec is also involved in a large housing project in Egypt.
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Egypt El-Sewedy Electric profits triples in 2014
El-Sewedy Electric, Egypt's largest listed cable maker, saw its net profit reach LE403million in 2014.
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Egypt adds name to join China-backed AIIB investment bank
China welcomes the application and if the process goes smoothly Egypt will become a member on April 14.
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Egypt's Sidi Kerir to pay dividend of LE1.65 per share
Petrochemicals firm posted annual net profits of LE996.6 million for the year ended in December, down from LE1.3 billion the previous year.
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Egypt's Edita sets share price at 18.50 Egyptian pounds
Subscriptions for a separate domestic offering available only in Egypt will close at the end of the month.
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A review on Arab Tourism in Egypt through 2014
Percentage of visiting Arab tourists does not surpass 20% at any given month in 2014.
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German-Egyptian trade exchange hits 4.4bn euros
Around 900 German firms operate in Egypt
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EFG Hermes reports highest net profit since 2010
Investment bank operates in 8 Arab countries.
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UAE stock exchanges are most attractive to Egyptian investor community
The Egyptian arm of Dubai’s largest listed real estate developer Emaar Properties, filed a formal request in February to list its shares in Egypt’s bourse.
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Evolution talks with Egypt billionaire
Gold prices are flat in 2015, hovering around $US1200 an ounce, and down $US100 from a year ago.
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Egypt's Amer begins construction of Jordan resort
The $221m project is due to be completed in 6 months.
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Egypt-SIA examines solar goals, market conditions
The country’s New and Renewable Energy Authority (NREA) selected 69 large-scale projects of more than 20 MW last year as part of an initial renewable energy tender.
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Thailand's PTT keen to sell stake in gas pipeline business in Egypt
PTT bought the stake in EMG for $487 million.
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Egypt's Arab Investment Bank and IDB unit launch leasing firm
Arab Investment Bank offers Islamic banking products in two of its 18 branches and is also planning to expand that range of products.