News
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Russell's Annual Index reclassifies Egypt from emerging to frontier market
Sherif Sami, chairman of the Financial Supervisory Authority (EFSA), refuted the downgrade, claiming it was irrelevant.
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No electricity price increases since January 2013: Minister of Electricity
Minister Mohamed Shaker tells citizens to direct complaints over rising energy to companies that provide the service.
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LE105 mn for Suez power plant project
The Ministry of Electricity signed on Monday three contracts worth LE105 million for the Suez steam power plant project with a capacity of 650 MW.
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Dubai retail giant to expand investments in Egypt
Majid Al-Futtaim plans to build new malls and hypermarkets in Egypt, creating over 40,000 jobs.
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Arabtec agrees Dh147.6bn housing contract with Egypt army
The company said it expected that work on the project would start in the third quarter of this year and be completed before 2020, it said.
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Egypt’s urban inflation slows to 9.8% in Feb.
Annual inflation reached its highest rate in nearly four years in November but has been falling since then.
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Entrepreneurship grows in Egypt's flailing economy
Egypt's salvation may lie in the small, informal businesses run by those scraping out a living in the Arab world's most populous country.
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Global tourism industry emerges from downturn
Holidaymakers are spending more on their vacations, going for higher-quality or more frequent trips abroad.
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Egypt receives award of best tourism activation film from Berlin ITB
The film is one of five films produced on desert tourism (safari), exhibition tourism, cultural tourism and diving tourism.
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Egypt cement prices hit by whopping rises
Price of cement per tonne has gone up by 30 percent in the last two weeks.
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Egypt army chief Sisi says economic situation is very difficult
Field Marshal Abdel Fattah al-Sisi, who is expected to become Egypt's next president, said on Thursday the country's economic situation is grave.
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Egypt lobbies Germany to ease travel advisory - minister
"The latest crisis that we are in today is the negative travel advisory by the German government," Egypt's Tourism Minister Hisham Zaazou said.
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Ministry of Tourism sends Chinese tourists on safari
As part of the project, the ministry sent 200 Chinese tourists in 60 cars on a safari trip to the Giza Pyramids and Bahariya oasis.
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Egypt lifts law against trading foreign stocks
Reserves stood at $17.307 billion in February, down from around $35 billion before 2011.
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Egypt to create a sovereign fund to manage public business sector
Public business sector will directly follow Egypt's cabinet after the merger of the ministries of investment and foreign trade and industry.
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Efforts to improve internet services after escalated complaints: source
The source also noted a remarkable improvement in the past few days in the areas that suffered from bad services.
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Efforts to improve internet services after escalated complaints: source
The source also noted a remarkable improvement in the past few days in the areas that suffered from bad services.
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Ashburton Investments: Fund buys assets in Nigeria, Egypt
It also expected Cairo-based Oriental Weavers to benefit from a falling currency.
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Orascom acquitted of Egyptian tax evasion claims
After a four-month investigation, the prosecutor exonerated Orascom of any wrongdoing and all tax evasion claims last month.
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Coca Cola pledges $500 million investment in Egypt
Coca Cola will invest $500 million in the form of capital expenditures and other commercial and community programmes.