News
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Egypt tourism revival boosts Marriott in Q3
The company’s RevPAR increased by 15% year-on-year to US $88.59, while occupancy was up 9.6 percentage points to 54%.
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Russian firm to invest in Egypt’s global logistics centre project
Ministry of Supply says company has offered to supply all necessary equipment and machinery.
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Egypt rises one place to 112th in 2015 Doing Business ranking
Egypt rose a place in the global rankings, due to improvements in its business environment in 2014, according to a new World Bank report.
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Final ruling for the OCI postponed to 4 November
Following a number of meetings with the Egyptian government, the tax dispute liability case was referred back to the committee.
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Etisalat Egypt deploys ariesoGEO
JDSU today announced that Etisalat Egypt has deployed its ariesoGEO solution to enhance service quality and optimization for postpaid customers.
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IMF cuts Egypt's growth forecast citing concerns on tourism revenues
The IMF says it has revised its projection for Egypt's growth as a result of security concerns but still sees positive economic reform.
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New electronic system launched for paying electricity bills
Bee, South Cairo Electricity Company, and e-finance collaborate to provide service.
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Egypt's Cabinet to approve investment law in 2 weeks: Minister
The World Bank has already approved a $5 million aid package to Egypt to implement the new system and to establish an updated investment database.
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Egypt greenlights construction of grain storage hub
Egypt approved construction of a ‘global logistics hub’ for grain storage in the country in an effort to reduce annual food import bill.
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Egypt's Suez Canal revenues rise 6.3% in September Y-O-Y
Suez Canal revenues are up year-on-year but have dipped 8% since August.
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Egypt prepares for business foray into Ethiopia
Abdel Nour will be accompanied by 50 Egyptian company executives, businessmen, investors and manufacturers to participate in the forum.
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Lew urges Egypt to push forth with reforms to stabilize economy
U.S. Treasury Secretary Jacob J. Lew urged Egypt to persist with economic and political changes that could attract private investment.
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Egypt's economy improves as politics stabilise says Moody's
Egypt is demonstrating signs of political stabilisation and economic improvement, with credit challenges centred on weak government finances.
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Egypt must target neediest in Food Subsidy Reforms: WFP
Reform will be a tall order in the Arab world's most populous country, where some 68 million have ration cards that entitle them to subsidies.
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Kuwait's $1bn aid to Egypt unconfirmed, says finance minister
Egypt's press says Kuwait gave $1 billion in aid - but finance minister won't confirm.
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Dave McClure sees big opportunities in Egypt
Growth rates in emerging markets are far in excess of US markets, with more opportunity internationally, McClure said.
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Vodafone Egypt negotiating $560 million credit line
"The company is currently in the process of completion of the signing of a credit facility contract," a spokeswoman said via email.
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Egypt's cabinet to approve investment law in two weeks: Minister
Minister Ashraf Salman says a new law on investment will soon be approved by the cabinet, ahead of an economic summit in February.
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Alex Bank Plans EGP 400mn Investments into Egypt Market
The lender unveiled its plan to inject fresh investments worth EGP 400 million into the local market in the next four years.
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The real estate market in Egypt is experiencing intense competition
The real estate industry has gone through different stages since the 1980’s while gaining an increasing importance for the Egyptian economy.