News
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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.
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DCNS Exports Pegged to Egypt Frigate Order
Egypt is due to pay for the frigate in full rather than by installments when the ship is handed over in August.
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Egypt’s stock market to see boom in 2015: EGX Chairman
Omran: The EGX indexes have been the highest worldwide for the past 84 months.
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Egypt hikes tax on cigarettes for third time in a year
An increase in sales taxes on cigarettes is part of a wider trend from the state which has raised taxes to bring down budget deficit.
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Egypt's Suez canal revenue at $434.8 mln in January - state news agency
The revenues decreased from December.
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Italian oil firm “Eni” intends to bolster investments in Egypt
The company believes in the promising opportunities in the Egyptian economy.
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Ministry of Supply studies listing FIHC in stock market
Ministry of Petroleum is also studying possibility of capital market listing.
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Egypt's Qalaa Holdings approves 1.7 bln Egyptian pound capital hike - sources
Qalaa has some $9.5 billion in assets under management, including dozens of firms mainly in Egypt, east and north Africa.
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Egypt seeking investment in solar sector
Egypt is promoting international investments in the energy sector to face its energy crisis.
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Hilton to open first Doubletree in Egypt
Hilton Worldwide will open its first Doubletree property in Egypt in 2017.
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Orascom Construction to raise up to $241 mln in Egypt share offer
The Sawiris family plan to move the primary listing of their construction assets back to Cairo.