News
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Egypt allocates $50 million to revive tourism: official
The allocation will be directed to an intense advertisement campaign among countries with the highest rates of travelers to Egypt.
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US lawmakers: Egypt's "descent toward despotism" risks US aid
Further funds should be withheld until Egypt's leaders demonstrate a commitment to human rights.
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Egypt expanding efforts to ease food subsidy costs -minister
The new system aims to raise incentives for Egyptians to buy only as much subsidised bread as they need.
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Egypt has enough wheat to last 6 months: Official
Wheat stocks should last until the end of the year, thanks to the government buying a record 3.7 million tons of wheat from local farmers.
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Central Bank of Egypt establishes "Long Live Egypt Fund" to support economy
Fund will use account number 037037 in reference to the date of former president Mohamed Morsi’s ouster.
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The military crowds out civilian business in Egypt
Assigning domestic infrastructure projects to the military is hardly a new practice by Egyptian authorities.
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Egypt susceptible to economic pressure from West, say experts
Canada and U.S. urged to use influence at IMF to step up pressure over rights abuses.
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Nestle opens chocolate plant in Egypt, builds factory in Dubai
The new plant in 6th of October City is a 65 million-Egyptian-pound ($9 million) extension to Nestle's existing dry goods factory.
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Stock Exchange ignores Sisi's speech, loses LE4.8 bn
The main EGX30 index dropped 1.66 percent to 8,167.43 points, and the small and medium stocks EGX70 index dropped by 1.56 percent.
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Precautionary measures on Egypt bourse to be removed
Limits on stock price movement to be extended from 5 to 10 percent after Ramadan, financial watchdogs announce.
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Tourism Minister: Egypt to attract Arab tourism
The minister said that the promotion plan included holding a number of events and celebrations in Sharm el-Sheikh and Hurghada.
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Aramex reaffirms commitment to Egypt, directs more investments
Aramex invested EGP 183 million in the Egyptian market during the past two years, confirming that Egypt remains a key market for this region.
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Egypt's Arab Contractors to expand investments in Africa
Leading construction company says it has 35 projects in Equatorial Guinea, plus a highway linking Ethiopia and Kenya.
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Egypt fails to make the cut in top 20 Arab Companies list: Forbes Middle East
Country was fourth largest contributor to Top 500 companies in the Arab World’s list, Forbes Middle East indicated.
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55 % of new budget to allocate for social dimensions program
The new budget includes the expected revenues of the capital market tax and the additional five percent tax imposed on certain income groups.
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Saudi's Almarai, Pepsico to invest at least $345 mln in Egypt
The announcement was a fresh sign that foreign investment in the country may revive as a measure of stability returns.
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Egypt has no choice but to use coal in high-energy industry: Minister
Egypt's economic woes must be taken into consideration, says its environment minister, who insists that coal will only be used for cement.
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Egypt investment minister projects $10 billion foreign investment next year
“I need FDI. It has a magical effect in creating jobs and lowering poverty,” said investment minister Ashraf Salman.
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Minister: Establishing a bank for ideas, solving problems to develop work
Minister of Finance Hany Qadry announced the establishment of a bank for constructive ideas and proposals.
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National Bank of Egypt raises retail banking portfolio to EGP 35bn
Bank aims to raise its retail banking portfolio in FY 2014/2015 as part of policy to increase retail customers to 5 million over next five years.