News
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Opinion: Egypt has to learn the lesson
The economy was actually growing under Hosni Mubarak – but the effects of that growth did not filter down to the average Egyptian.
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Egypt says to complete $1.5 billion payment to oil firms this week
The government was working on a plan for full repayment of the $6.3 billion it says it owes.
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Dana receives Egypt payment
Payment of $42m was received in US dollars and the balance in the form of Egyptian pounds.
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Out of this world: Indian, Filipino, Egyptian win free trip to space
An Indian, a Filipino and an Egyptian are among 23 lucky people across the world to have won a free trip to space.
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Palm Hills to inject 1 billion EGP to complete projects
Mansour plans to expand investments in Egypt, and asked the minister to solve governmental problems hindering the implementation of two projects.
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Egypt freezes over 1,000 NGO bank accounts
A senior central bank official says some of the frozen accounts are linked to Muslim Brotherhood-controlled groups.
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Egypt to commemorate 25 January Revolution with ration cards
The government sought to improve the ration card system in September.
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Experts call for a national strategy to overcome energy crisis
The Industrial Modernization Center (IMC) prepared a study aiming to reduce energy consumption by 20 percent in 2022.
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Egypt to pay $1bn to foreign oil firms
The country has been struggling to meet soaring energy bills caused by high subsidies on fuel products for its 85 million population.
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IMF delegation to visit Egypt in January
The draft VAT Bill will be ready on 24 January; it will be discussed internally before being subject to public discussion.
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Egypt imposes stamp tax on cigarettes
Eastern Tobacco, Egypt's monopoly cigarettes producer, say a new stamp tax will not lead to a price increase, aiming only to close the black market.
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Cairo to buy 500 buses for public transportation with WB funding
The agreement included developing the Heliopolis tramway and extending to reach New Cairo.
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Egypt launches unique activities to lure overseas tourists
The tourism field started to gradually recover after a number of countries lifted the warnings of their citizens to travel to Egypt.
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Financial sector leads stock exchange
The financial services sector ranked first in the Egyptian Exchange throughout last week’s trading session.
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Egypt, African Development Bank ink deal worth USD 2 million
The deal aims at creating an integrated system for the management of industrial waste in order to create new job opportunities.
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Egypt ETF gets a helping hand from the government
The central bank is following a loose monetary policy, cutting benchmark rates in three of the last four Monetary Policy Committee meetings.
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Blackouts hit Egypt once more
Power cuts that were once restricted to summer are now being felt in winter – fuel shortages are blamed.
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Egypt current account hits surplus of $757m
Foreign direct investment in Egypt rose to $1.246 billion in the same period compared with $1.164 billion a year earlier.
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United Bank to list on Egypt stock market in May 2014
Egyptian lender The United Bank will start the procedures to list on the Egyptian Stock Exchange by May 2014, an official source confirmed to Zawya.
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EIB to finance 392 mln Euro projects in Egypt
Over the last two years the EIB's Board of Directors has approved loans worth approximately 1 billion euro for projects in Egypt.