News
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Egyptian official: Poverty main cause of overpopulation
Economic development is in part calculated by a country’s per capita income, in addition to the amount of goods and services produced.
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Arab Contractors and OCI to carry out EGP750m Cairo Metro works
The bridge will cost EGP 500 million, and tunnel will cost EGP 250 million, Youm7 newspaper quoted the AC Chairman Mohsen Salah.
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Egypt must revise trade agreements, extraction industry concessions: Experts
UNCTAD 2014 Trade and Development Report warns of growing trends that shackle government policy-making.
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SacOil acquire oil field in Egypt
The field is at a development stage with heavy oil (16-18° API) in shallow reservoirs and light oil potential in deeper reservoirs.
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Egypt’s rising prices dampen hopes for growth
The price of transport, which rose 28.1 per cent year on year, was the biggest contributor to inflation.
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Majority owner of Egypt's Juhayna sells 1.2 pct of firm
Top shareholder in Egypt's largest dairy and juice company sells 1.2% stake in deal worth $14 mn to investment firm Pharon.
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Jumia online shopping app Google Play store favourite
Jumia’s phone app was featured in the Our Favourites section of Google Play store, the online shopping company announced earlier this week.
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Egypt faces power cuts, potential drought
The Aswan Dam committee has discharged 10 million cubic meters from the Nile per day, for 10 days, to produce more hydroelectric energy.
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Egypt and Sudan's new trade agreement comes with territorial dispute
Egypt's FM spokesperson stresses that Halayeb and Shalateen are two Egyptian cities when addressing Egyptian-Sudanese for economic integration zone.
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Glimpse of Egypt stability enough for some to resume deals
From small business to billionaires, a vanguard of Egypt’s entrepreneurs is starting to bet that the economy has finally turned a corner.
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Egypt consumer inflation picks up to 11.5 percent
Egypt's annual core inflation -- which strips out subsidized goods and volatile items -- climbed to 10.07 percent in August.
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Egypt seeks to cut public debt to 80% of GDP by 2017: Minister
Egypt's total public debt now stands at nearly 95 percent of GDP - but the government hopes reforms will slash debt and budget deficit.
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Cabinet agrees to activate local Product Law
El-Sewedy added that the industrial sector was not represented in government tenders due to the lack of standardisation of specifications in Egypt.
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Egypt to fix feed-in tariff for renewable energy
Move should spark investment in alternative forms of energy in Egypt - hit hard by an energy crisis in recent years.
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Egypt to host Donors Conference on Gaza
Egypt will host a donors conference on the reconstruction of Gaza in October, after the UN says $550 million will be needed for Gaza.
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Government looks to restore confidence in economy: Finance minister
Dimian said that Egypt only experienced an economic recession during one quarter in 2011, and that the past two years have been recession-free.
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Egypt puts back first LNG import terminal start to December
Egypt's oil ministry and Norway's Hoegh LNG said in May they had agreed for Egypt to use one of Hoegh's Floating Storage and Regasification Units.
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Suez Canal II feeds Egyptian ambitions
One official said expanding the Port Said to Suez shortcut will take five years, while President Sissi said he hopes it’ll take just one year.
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Enough GCC aid will be made available: Merrill Lynch
Tightened liquidity suggests a need for the GCC aid in the second half of 2014 to support the Egyptian pound and ease external funding pressures.
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IDB approves $425 mn loan to Egypt
Loans will help fund development of petroleum refinery and first phase of redevelopment work at Sharm El-Sheikh airport.