News
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Israel to supply Natural Gas to Egypt
Noble Energy announces Letter of Intent with Union Fenosa Gas for the export of Tamar Natural Gas to existing LNG facility.
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Ericsson offers Vodafone Egypt a taste of Barcelona
Mobile World Congress is the world's greatest annual mobile event where the industry gathers in Barcelona to experience new ideas.
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Vodafone to invest EGP 9bn in Egypt
The future investments will create 3,000 job opportunities for Egyptians until 2017 with the aim of revitalizing the economy.
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Egypt's Palm Hills in talks over $342.5 mln loan
The country's second-biggest listed property developer said it would be used to refinance around 640 million pounds from its current bank loans.
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Nigeria, S. Africa, Egypt account for half of Africa's economy: World Bank
Nigeria, South Africa and Egypt account for about half of the African economy says new data released by the World Bank Group last week.
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Telecom Egypt agrees to pay 2.5 bln EGP for mobile licence
Telecom Egypt approves to obtain mobile phone licence without frequencies for LE2.5 billion.
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Egypt petroleum companies owe $6bn to foreign companies: EGAS
Egypt is facing a serious issue as a result of the government’s inability to pay its debts to foreign partners in light of poor economic situation.
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Egypt launches “We Miss You” ad campaign to lure back visitors
Egypt's Tourism Minister Hisham Zaazou says there is still a demand for Egypt and a demand for Egyptian products.
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Egypt is safe for Arab tourists, says Tourism Minister
The Arab nation is looking towards the Gulf region to revive its slowing tourism sector.
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Egypt's GASC buys 110,000 tonnes of wheat from Ukraine, Russia
GASC said it bought 55,000 tonnes of Ukraine wheat from Venus and 55,000 tonnes of Russian wheat from Glencore.
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Sabahy announces emergency economic plan
Presidential hopeful outlines 21 projects that aim to help Egypt achieve “economic development that will lead to social justice.
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Egypt's richest man on the country's outlook
Though Nassef Sawiris predicts Egypt’s turbulence will continue until the summer, there are sectors right now that are still attracting investors.
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Egypt's tourism authority approves new investments worth LE3 billion
Following 50 bids, the TDA offered five pieces of land to the winning developers to build five touristic projects in Egypt’s Ain Sokhna and Ras Sedr.
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Business backs Sisi for president
Local business tycoons overwhelmingly cheered the downfall of the Muslim Brotherhood's Mohammed Morsi in July 2013.
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U.S. worries its aid to Egypt may be misdirected
The US fears that the Egyptian government's heavy-handed tactics may be fueling recruitment for ABM or other extremist groups in the region.
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BG Group threatens to close Egypt fields
Rudderless oil and gas explorer BG Group today threatened to shut down its Egyptian operations amid ongoing political turmoil and unpaid bills.
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Canon and DigiPro launch professional print showroom in Egypt
Aimed at B2B and professional business clients, the showroom will allow Canon to provide its regional partners with insights into customer demands.
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Egypt's debt to foreign oil firms up at $5.7 billion
Money owed to foreign oil majors including BP and BG Group totalled $4.9 billion in December, indicating Cairo's debts to the firms continue to mount
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Egypt’s dire need to wean off subsidies
The culture of subsidy is creating an imbalance in economy it can no longer afford.
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Egypt builds upon its outsourcing growth
As with many other service sectors, the BPO and KPO industries were affected by the fallout from the 2011 revolution.