News
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Majid Al Futtaim disburses 1st tranche of US$500mn Egypt loan
The 10-year term loan will be used to take part in funding the Group's Mall of Egypt in Sixth of October City.
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Egypt tourism totally collapsed, changes needed - minister
Zaazou told the state news agency that he is looking into legislative amendments to resolve the problems that the sector is suffering from.
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Egypt-GCC business ties grow as political bonds flourish
The Gulf aid has helped Cairo to stabilize reserves and cut foreign-currency shortages, and in turn helped to boost the flagging Egyptian pound.
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IGA: EU extends freeze on Mubarak’s assets
The decision comes in response to an IGA official request to the EU to freeze the assets of 19 members of Mubarak’s regime.
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Debt casts shadow over Egypt’s recovery
A Reuters analysis suggests Egypt’s state finances will continue deteriorating into the second half of the decade.
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Egypt to see $1.3 billion in Italian investments: Foreign ministry
Italian investments to target energy & infrastructure projects, says foreign affairs ministry, following a meeting between officials.
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Opinion: Open for Business?
While not having faced a technical recession since 1992, Egypt has been inching closer and closer to one for the past 3 years.
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Egypt CB Governor: Foreign Reserves to continue to rise
“The reserves will continue going up,” Ramez told reporters without providing details.
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Vodafone Global to invest LE9 billion in Egypt by 2017
According to Vodafone's website, by December 2011, Vodafone Egypt had more than 36.3 million customers and 6,500 employees.
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Egypt investors believe Sisi presidency will bring stability
Sisi offers the hope of relief from three years of political turmoil that began with the Arab Spring uprising.
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Egypt, UK firms discuss “Airport City” project
Ashraf Zaki said talks with the British firm, specialized in planning for cities close to airports, started on Tuesday and will last until Thursday.
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Egypt's stocks hit 5-year record high
Egyptian stock exchange rises for the third consecutive day, hitting a level not reached since 2008.
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Nemat Shafik: economist with stellar CV to be Bank of England deputy
Former deputy MD of the IMF and permanent secretary of Dfid will oversee banking and markets and will join the monetary policy committee.
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Swiss-listed Orascom warns on profit amid Egyptian instability
The group said revenue would fall by as much as one-fifth and its net loss would widen to between 145 million and 160 million Swiss francs.
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Egypt's Oriental Weavers raises dividend after 30 pct profit rise
Shares in Egypt's Oriental Weavers on Monday hit their highest level since 2007.
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Egypt’s military expands its control of the country’s economy
The industries owned by the military have always been a powerful force in the country’s economy.
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28 Saudi investment problems in Egypt cleared
The 28 firms control nearly 15 bln Egyptian pounds ($2.15 bln) in assets, accounting for over 60% of total stalled Saudi investments in Egypt.
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Minister: Egypt’s GDP grew 1.2 pct in first half 2013/14
Egypt’s economy grew 1.2 percent in the first half of fiscal year 2013/14, the minister of planning said on Monday.
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Egypt, Algeria step up agribusiness purchases from Brazil
Egypt and Algeria were on the list of leading importers of Brazilian agribusiness products in February, increasing imports by 23% &52% year-on-year.
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Etisalat Egypt considers floating in Egyptian Stock Market: CFO
The company's CFO Ehab Rushdi says its Initial Public Offering (IPO) on the EGX would be due to improvements in the country's economy.