News
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$6bn foreign company investments in FY 2015/2016: El Molla
Total foreign investment, which is being pumped this year, is estimated at $7.5bn.
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Egypt, Russia sign new customs regulatory protocol
Trade between the two countries is expected to grow through the facilitation of customs regulation.
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Egypt to propose building tallest tower during March conference
Announced by the housing ministry, the new structure would be 13 meters taller than the Cairo Tower.
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Egypt's Global Telecom says 2014 losses narrowed by 84 percent: statement
Almost half of Global Telecom is owned by Russian Vimpelcom.
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Egypt: New dept to regulate natural gas market
The new authority will protect consumers and prevent monopolies.
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‘Egypt is Close’ campaign to support inter-Arab tourism
Campaign will be launched by specialised company, expected to continue for three months, says Tourism Minister.
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Egypt: Suez Canal authority asks Italy to invest
The presentation took place as part of a ''visit on the ground'' in Ismailia at the end of the entrepreneurial mission.
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Egypt ready for change in a cash economy
Cash still dominates the Egyptian consumer economy. It accounts for an estimated 94 per cent of financial transactions in the country.
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Egypt buys 290,000 tonnes of American wheat: Minister
The latest purchase is expected to cover the country's needs until mid-May.
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British Airways to increase passenger rate to 90% per flight to Cairo, Sharm El-Sheikh
British Airways plans to organise flights to Sharm El-Sheikh beginning in September, with two flights per week.
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Egyptian pound steady at official auction, stronger on black market
The government is trying to bolster the economy ahead of a major investment conference next month.
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Egypt banks saw cash inflows of over $400 mln in a week: CBE governor
New restrictions on cash deposits are paying off as banks are sold unprecedented amounts of dollars in cash.
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Sisi urges Italian business delegation to increase investments in Egypt
The president called on the Italian business community to capitalize on investment opportunities and increase their investment in Egypt.
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Conflicting opinions on legislative framework for digital marketing industry
Google activities in Egypt will not be affected by online advertising laws, says Qureshi.
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Egypt to auction 8 oil and gas blocks in Mediterranean: ministry
The auction is expected to be launched before the end of February.
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Foreign currency availability in market improves: FEDCOC
El-Wakil attributed the improvement to the recent (CBE) instructions regarding prices of exchange.
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Orange Increases Stake in Egypt’s Mobinil for $240 Million
With about 33 million customers Mobinil has a market value of about $2.1 billion
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Egypt: Sace, Italian exports potentially worth 5 bln in 2019
In Egypt, Sace has a portfolio of insured engagements worth some 480 million euros, mainly in energy, petrochemical and industrial technology.
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Giza Automotives expects 5% increase in car market prices
If the dollar exchange rate keeps increasing against the Egyptian pound, the total costs of the domestic and imported cars will increase at the same rate of dollar.
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Egyptian developer Palm Hills posts 2014 profit of 353 mln pounds
Revenues rose to 2.1 billion from 1.2 billion pounds.