News
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Egypt begins close monitoring of online communication with new technology
A sister company of a US-based cyber-security firm will begins using a new system that allows greater penetration of social networking sites.
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Power cuts biggest hurdle to investment in Egypt -minister
Electricity shortages mean the country often has intermittent outages for hours a day, hitting factory production, frustrating many Egyptians.
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Russia, Egypt seal preliminary arms deal worth $3.5 billion: agency
The head of the Federal Service for Military-Technical Cooperation, Alexander Fomin, did not give further details.
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Egypt's economy to grow 6% in the new 3 years, says finance minister
Egypt has struggled to curb its swelling budget deficit whilst meeting soaring energy demands, resulting in electricity cuts around the country.
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Erian: Despite difficult challenges, Egypt has a considerable economic upside
Egypt now needs to decisively overcome four major problems; and it can do so using four major attributes, according to Mohamed ElErian.
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Barclays Egypt to open new branches, expects profits to grow
Bank projects profits to grow by 15% this year as it plans expansion in upscale Cairo suburbs.
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Looking to Suez expansion for economic growth in Egypt
Egypt’s challenging economic environment has led officials to refocus their efforts on expanding and upgrading the canal.
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Egypt's EGPC says to buy 65% oil imports from UAE's ADNOC
The agreement covers gasoline, diesel, heavy fuel and liquefied petroleum gas (LPG) that is used in homes, Egypt's cabinet said in a statement.
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Dubai lender Mashreq sets sights on Egypt and Turkey, says CEO
Mashreq is looking to join an increasing number of Gulf lenders snapping up banking stakes in other countries to diversify in the face of competition
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Finance minister hopeful reforms can revive Egyptian economy
FM said the increase in fuel prices by up to 78 percent, along with tax hikes, had boosted confidence in Egypt's economy.
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Court upholds 3 year jail sentence for Egypt tycoon Nassef Sawiris
Former OCI chairman sentenced in absentia to 3 years in prison and $7 million fine for failing to pay tax settlement to authorities.
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Egypt targets 11 pct budget deficit in fiscal 2014/15: finance min
Egypt's gross domestic product (GDP) grew 3.5 percent in the fourth quarter of fiscal 2013/14.
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Sisi: Egypt’s Blueprint for Stability, Investment and Growth
Growing confidence rests on the structural reforms the government has already implemented, as well as on additional reforms still in the pipeline.
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Egypt raises $8.5B for Suez Canal expansion
Egypt's Central Bank has raised $8.5 billion for the construction of an expansion of the Suez Canal by selling investment certificates.
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Egypt's Qalaa says H1 net loss widens 11 percent
The company said its net loss for the first six months of the year had widened to 410.6 million Egyptian pounds.
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As much as 20% or more of Egypt’s energy could be solar: Consilio CEO
Like many officials before him, Abdel Nour reiterated that new and renewable energy is at the “top the government’s priorities”.
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Euromoney: a message of stability, confidence from officials, private sector players
The main economy ministers spoke to a significantly larger gathering of attendees at this year’s installment of Euromoney.
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Egypt to generate 8 GW from solar, wind energy
New push for renewable energy sources includes solar and wind power, as Egypt tries to overcome energy shortages.
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Egypt says will boost security at tourist sites
In addition to the security cameras, the government plans to introduce mandatory background checks for tourism industry workers.
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Egypt tourism could fully recover by end 2015 - minister
Hisham Zaazou also expressed concern that tourism would take another hit if Islamic State militants showed any signs of infiltrating Egypt.