News
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Abu Rawash industrial project to provide growth opportunities
Abu Rawash zone includes more than 800 industrial projects with investments totaling 10 billion EGP.
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Report: Egypt says food subsidy bill to be $4.31bn
Hanafi estimated that around 7 million Egyptian pounds of the subsidies bill was wasted yearly due to the smuggling.
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Egypt, why to go now
Turmoil in Egypt has triggered a sharp fall in tourist numbers, but it is still safe, and if you go now you'll have its treasures all to yourself.
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VIDEO: Wave of strikes sweep across Egypt
A wave of strikes has been sweeping Egypt for over a month, bringing some sectors to a standstill.
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Talk about a comeback: Egypt's stock market hits a three-year high
Egypt's stock market closed the week on Thursday with a three-year high as daily turnover of listed securities hit LE1.4 billion ($201 million).
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Egypt covers 50% of foreign investors’ repatriation backlog
The bank said backlogs had accumulated because foreign investors had refrained from using the central bank’s repatriation mechanism.
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Egypt sees 28% drop in tourism in Jan/Feb 2014
Drop in tourism largely stems from 58% decline in visitors from Arab countries.
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In Egypt, the Military means (big) business
The business class has been vocal in its support of al-Seesi, who is probably the next president.
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It’s murder on the Nile
For businesses that serve tourists, the downturn feels even worse than tourism figures suggest.
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Egypt regulator sets rules for index, real estate funds
Changes will increase liquidity in the market and draw more local and foreign investors.
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Egyptian envoy praises UAE’s support
UAE contributes effectively to help Egypt tackle challenges, says Egyptian Ambassador.
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Egypt’s Orascom TMT 2013 after-tax profit tumbles 70%
OTMT’s shares closed at 1.51 pounds on Wednesday, putting its market cap at 7.92 billion pounds.
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Egyptian tax system inefficient and unfair: Economists
Leftist and liberal economists agree in debate on Egypt taxation that the current system is inefficient, but differ on what changes should be made.
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Egypt’s finance minister sees GDP growing slower than expected
Hany Kadry Dimian said the state’s budget deficit for fiscal year 2013/14 would be around 12% and expected it to stand at 10-10.5% next FY.
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Telecom Egypt expects mobile licence in March or April
Telecom Egypt has been relying on its data business to boost revenue.
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AIG plans expansion in Egypt
Insurance market comprises just 0.5% of Egyptian GDP, lower than the global average for developing countries of 3-5%.
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Q&A with EFG Hermes Co-Chief Executive Karim Awad
It’s been a tumultuous few years for EFG Hermes, the Arab World’s largest investment bank.
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Egypt signs power plant electrical operations contracts
The contracts with a value of EGP105m ($15m) were signed between the Egyptian and foreign companies.
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High rates of unemployment, social justice main challenges in Egypt: PM
PM Ibrahim Mahlab said that one of the most important challenges facing Egypt now is the high rates of unemployment which hit 13.6 percent.
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Germany to cancel travel warning for Egypt soon - Zaazou
We expect Germany to cancel the ban within a month, and hope it will be at the beginning of April to promote for tourism in spring, Zaazou said.