News
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World Bank helps finance Helwan power plant
Announcement comes during deputy Prime Minister’s visit to Washington DC last week.
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Business is slow, but Giza Pyramids and the Egyptian Museum are open
Egypt’s travel and tourism industry is very much open and is in dire need of business.
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Egypt uses live webcams to show tourists that Red Sea resorts safe
Although the Red Sea has survived relatively unscathed, tourism figures to other usually popular destinations have suffered.
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Egypt 'mulling' $4bln Russian weapons purchase
Moscow has offered Cairo "a historic deal giving Egypt an option to buy the most advanced weaponry without any restrictions."
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Egypt denies Israeli firm securing Suez Canal
Officials deny that an Israeli security company has a permit to secure the Suez Canal.
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Egypt studying joint bourse trading with Turkey
Turkish investors would be able to trade directly on the Egyptian bourse through Turkish brokerages and vice versa.
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Water Resources Minister: Egypt, Sudan, Ethiopia to meet December
The minister said the three countries agreed to hold another meeting on December 8 to complete talks to reach a satisfactory agreement.
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Egypt stocks hit 3-year high as Morsi trial passes calmly
Hopes of an economic revival were spurred by strong trading Wednesday, with Egypt's main index rallying amid general calm.
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Egypt to repay $1 billion debt to oil and gas foreign partners: Anadolu
The government is considering a number of alternatives for additional payments owed to its partners.
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Egypt's private sector remains exempt from minimum wage law
The exempted sector might include small and medium enterprises, villages, and the tourism and textile sectors.
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Bad weather blamed for Egypt's shortage of cooking gas
Government blames weather conditions and black market for the shortage of cooking gas cylinders.
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Egypt business activity shrinks for 13th month in row, HSBC says
October’s reading marked the slowest contraction since Egyptian business activity began to worsen in October last year.
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The Morsi trial cannot distract attention from Egypt’s economic problems
In no small part, Mr Morsi’s unpopularity stemmed from his failure to tackle economic problems from joblessness to inflation.
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U.S. chamber delegation to explore business in Egypt
Chamber’s Brilliant announces trip during luncheon with Egyptian Deputy Prime Minister Bahaa-Eldin.
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Egypt central bank returns $500 mln deposit to Qatar
The central bank expects to return a further $500 million in early December, the official added.
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Middle East jobs: In which sector are salaries up by 60%?
There is one industry definitely heading for a jobs boom - the oil and gas sector.
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Ministry of Finance rates Egyptian banks
The ministerial results included the banks that topped the primary market, where the ministry sells the bonds and bills to 15 authorised banks.
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Egypt mounts drive to lure 13.5 million visitors next year
In 2010, 14.7 million visitors came, but arrivals slowed to 9.8 million the following year, with revenues of $8.8 billion.
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CBE to auction 3 billion EGP in treasury bonds, Monday
The bonds will be offered in two 1.5 billion EGP installments, one with a three-year term, the second with a seven-year term.
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French auto parts manufacturer expands investments in Egypt
Valeo, which currently includes 580 Egyptian specialised engineers, is to hire 150 engineers annually over the next three years.