News
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Tensions aside, Israel and Egypt do booming business
The Qualifying Industrial Zone is just one of Israel’s foreign trade success stories, says the country’s top trade official.
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Egypt's GB Auto says plans $134 mln rights issue
The rights issue would increase GB Auto's capital to 1.1 billion pounds, the company said in a statement.
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Misr Insurance renews contracts with more than 40 reinsurers
Reinsurers including Swiss Re Ltd., Hannover Re S.E. and Scor S.E., among others, deal with Misr Insurance, Mr. Moussa said.
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Business sector unready for privatisation, restructuring to take place: Investment minister
The restructuring process is aimed at developing companies, whether via financial, technical, or administrative means.
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Qatari Diar invests in Egypt with 2 major tourist projects
Qatari Diar is considered one of the foremost real estate Gulf investors in Egypt.
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Foreign investment in Egypt will reach ‘about $2 bln’ in second quarter
Egypt is also preparing a new unified investment law that will be sent to President Abdel Fattah al-Sisi by the end of February.
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Government finalises 28 projects for Economic Summit
Minister of Investment says number of projects to be presented in summit yet to be determined.
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Egypt set to make foreign investment easier
The idea is to create a one-stop shop that will make life easier for foreign investors discouraged by political turmoil and militant violence.
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Egypt to finalise Gazprom LNG deal this month: Oil Minister
Egypt agreed in principle last April for Gazprom to supply seven LNG shipments to help it meet gas supplies.
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First ATM security cabinet to be introduced in Egypt
This is the first time Egyptian clients have access to physical and electronic security at the same time.
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Egypt's metro ticket prices won't increase: Minister
Egypt's transportation minister insists that underground ticket prices won't increase from their flat fare rate of LE1.
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Eni inks Western Desert acreage agreement onshore Egypt
Eni has been present in Egypt since 1954 and is the main producer of oil in the country.
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Egypt says wheat stocks enough to last until early May
New silos to come into use in March, in time to receive the local harvest and secure strategic reserves until October.
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Egypt’s economy to grow by 4.3% next FY: Finance Ministry
Egypt is targeting a growth rate of 4.3 percent in fiscal year 2015/2016
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Emirates NBD aims to pump EGP 3bn in national projects in 2015
The bank’s loans and credit facilities portfolio reached EGP 8bn at the end of December
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Egypt signs six new oil and gas exploration deals
Among the major companies selected are Shell, ENI , BP and Canada's TransGlobe Energy.
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174m cubic meters dug at Suez Canal project
The project is scheduled to be completed after 211 days.
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Circle gets $15m payment from Egypt
Circle says this has resulted in a significant reduction in the outstanding debt owed to the Company.
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Arafa Holding plans European market entrance in 2015
Egypt’s monetary policy encourages importers and deters producers, Egyptian pound losing real value
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Egypt's Suez Canal revenues rise 6.8% in 2014
Revenues went up to $5.46 billion in 2014 from $5.11 billion in 2013.