News
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Arabtec Appoints New CEO For Egypt Subsidiary
Sami Asad, formerly the CEO of Arabtec’s Construction Group, will now lead the newly created subsidiary, Arabtec Egypt.
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Egypt's Suez Cement raises dividend
The company, which lists Italcementi Group as its main shareholder, said it would make the payment in two phases.
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Egypt’s economy needs mutual funds: EGX chairman
A mutual fund is a scheme that allows investors to pool funds to buy securities to be sold to the public.
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Egypt's amended property tax law to take effect in July: Finance ministry
Families owning private properties worth up to LE2 million will be exempted from property taxes, as will a host of public buildings.
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Smartcard plan to attack Egypt's fuel crisis
Because everyone gets cheap fuel, and the rich consume more of it, the poorest are effectively left out.
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Egypt to prepare for int'l arbitration on Ethiopia dam
According to Egypt's official gazette, members of the new committee have been tasked with studying the dam project's legal aspects.
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Egypt’s bourse posted its biggest percentage loss in seven months
The main Cairo index tumbled 3.6% to 7,805 points, dropping for a third session in a row.
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Egypt’s stock market: Backing the crackdown?
Political events leave Cairo exchange unmoved, with little change in most Arab markets.
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Qatar National Bank hires McKinsey to advise on Egypt business strategy
The company is helping the state-controlled lender devise a five-year plan for Qatar National Bank Alahly.
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Egypt energy subsidy bill set to rise by 10-12 pct next year
Dimian did not say whether any reforms would be implemented during the next fiscal year that begins in July.
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Number of tourists visiting Egypt drops 27 percent in February 2014
Tourism revenue also fell by 64.7 percent, equivalent to US$2 billion, to $0.9 billion during the period from July to September 2013.
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Egypt business activity flat in February
The index had been below 50 for 13 months through October.
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Banque du Caire eyeing ‘socially responsible’ projects: CEO
The bank signed contracts last week to provide the petroleum sector with an EGP 2bn and a $150m loan.
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How to stay safe while travelling in Egypt
There is a dedicated police force for tourists. And in many respects, the risks of travel are no more than any other parts of the world.
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Egyptian Tourism & Aman Travels launch online educational programme
The program will enable Indian travel agents and tour operators to better market Egypt as a tourism destination.
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Egypt's budget deficit down by 6% in the first 8 months of 2013/14
The budget deficit is expected to reach between 11 and 12 percent by the end of the current fiscal year.
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Egypt acquires 25% of COMESA exports, ADB
Egypt ranks fourth among the major importers in the COMESA region as well, Mokaddem said during a panel discussion organized by ADB Thursday.
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Cairo Analyst says Ethiopia Dam won’t hurt Egypt
Water experts have confirmed that the dam is expected to improve flood control, and expand downstream irrigation capacity.
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Egypt army extends power by taking charge of Gulf aid
When UAE officials discussed projects shortly after Mursi's ouster, it was with the army.
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Egypt shares climb after Sisi presidential bid
Egypt-listed shares rose on Thursday after the country’s former army chief said he will run for president.