News
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Egypt faces no pressure to sign IMF agreement, Deputy PM
Bahaa el-Din is scheduled to visit the International Bank in the coming period in order to consult with international institutions.
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Egypt FDI shrink 25% year-on-year in 2012/13: CBE
Despite Q4 gains in fiscal year 2012/13, Egypt's net FDI declined in full-year report.
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Egypt’s property market fragile
Egypt’s property market remains robust in the first half of 2013.
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Positive outlook for national economy: PM
The national project in the Suez Canal region will offer great investment opportunities that will double the national income.
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Min. of Aviation: Japan liftstourism ban on Egypt
The ministry is making efforts in order to build a private town close to the Cairo Airport under the name of “Airport Town".
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Egypt's military contributes to high-speed rail funding: Minister
High-speed trains costing LE70 billion are to be funded by the military, government banks and IPO.
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Zaazou: Germans keen to boost Tourism in Egypt
Zaazou hailed the efforts made by the German government to lift the travel ban to Egypt, adding that the Germans are keen to boost tourism in Egypt.
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Chinese, Egyptian onions to the rescue
The United Progressive Alliance government in India would soon import the vegetable bulbs from China or Egypt.
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BG sees Tunisia more reliable than Egypt for gas producers
BG Group is delaying the West Delta Deep Marine project in Egypt amid political turmoil.
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Yahoo! to leave Egypt
The dot com company however did not cite the unrest in Egypt as part of the reason for its departure.
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Egypt says not interested in Israeli gas as plans LNG imports
Israel's energy and water minister said this week that it could supply Egypt with gas through a pipeline that already links them.
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Egypt's central bank governor criticises IMF
Central Bank governor Hisham Ramez, who was involved in the talks, said that "some figures" in the IMF had dealt inappropriately with Egypt.
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Min of Finance calls for Independence of Financial control in the constitution
Minister of Finance Ahmed Galal wants financial directorates independent in their regulatory roles.
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Egypt eyes more LNG from Qatar despite tensions
Tarek El Molla, chairman of state-run Egyptian General Petroleum Corporation (EGPC), recognised the importance of keeping channels open with Qatar.
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Egypt remains a key expansion market, says Al Futtaim
Despite Egypt’s political instability, it remains one of three key expansion markets for Majid Al Futtaim Properties, the Dubai-based mall developer.
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Rooster PR tasked with boosting confidence in Egypt's tourism industry
The incoming agency’s first priority will be to organise a press conference for the Minister of Tourism at the annual World Travel Market.
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Egypt to raise stimulus by a third, implement minimum wage by Jan
Egypt will spend 29.6 billion Egyptian pounds on a stimulus package to get its moribund economy going.
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Egypt's pound strengthens at central bank currency sale
Central bank sells $38.8 million at LE6.8800 per dollar during Monday foreign currency sale.
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Egypt banks' bad loans ratio down 0.5%, provisions up 99%
The non-performing loans ratio decreased 0.5% to 9.5% in the second quarter of 2013 compared to the first quarter.
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Egypt has five years to repay $2bn from Kuwait, says PM
Kuwait agreed to give Egypt the extended repayment period for the deposit.