News
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Why U.S. aid to Egypt is here to stay
Rand Paul's attempt to stop aid to Egypt likely to fail today in the Senate.
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Oil companies decline to sign PSC for Egypt blocks
Citing changed circumstances and the unstable conditions prevailing in Egypt, the companies will not be signing the production sharing contracts.
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Egyptian exports boom despite crisis
Egypt’s export sector accounts for only slightly more than 10 percent of the overall economy.
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Egypt receives 6 fuel shipments from UAE
Shipments of diesel, petrol and mazut are part of the aid promised by the UAE after Morsi's ouster.
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Turkish Foreign Ministry refutes claims of hung-up deals with Egypt
Egyptian-Turkish agreements that are already in effect will remain in effect, noted the foreign ministry statement.
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Cairo laying ground for ‘Marshall plan’
It is under intense pressure to avoid unpopular steps such as increasing taxes or reducing spending on energy and food subsidies.
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OCI NV buyout nets over 97% of Egypt’s Orascom
OCI NV has said Orascom will have greater access to international capital markets with its base in Amsterdam.
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6mn tourists visit Egypt in 2013, but travel warnings slow recovery
Despite 9.6% rise from same period in 2012, Western travel warnings imposed since 30 June unrest threaten tourism comeback.
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Egypt slips for fourth session, Gulf mixed
The main drag on the market was again Orascom Construction Industries, which fell 1.9 percent.
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Fifty-five percent decline in passenger traffic, six companies cancel flights
Passenger traffic at Cairo airport continued to drop, with only 55 percent of passenger seats occupied.
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Misr Insurance cites Egypt stability to get A.M. Best’s Credit Rating
A.M. Best Company has traditionally focused exclusively on providing a letter rating for insurance carriers.
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Political turmoil hits mobile money transfer market
Low rates of usage for the service were the result of political turmoil.
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Hundreds of Egypt bank employees demonstrate against board decisions
Protesting employees of public-owned Misr Bank call for strike, demonstration on Monday against restructuring plan.
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Deadly weekend in Egypt while tourism is still functioning
Despite hundreds killed in the streets of Cairo and Alexandria and travel warnings from many countries, tourism still functions.
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Opinion: What the Egyptians need most is economic liberty
The Egyptian people are not the problem; it’s the environment they’re forced to live in.
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Egypt violence threatens plans to revive economy
The violence may undermine efforts by the interim administration to lift the economy out of its worst slowdown in two decades.
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In Egypt turmoil, start-up firms find ways to flourish
Gross domestic product grew an annual 2.2 in the first quarter of this year, far below the level of about six per cent needed.
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BG flags Egypt concerns as profit slips
UK-based international gas producer is concerned about instability in the country as it reports 3 percent fall in Q2 net profit.
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Cutting military aid to Egypt puts the U.S. in a box
The U.S. is not legally required to determine if Mursi’s ouster counts as a coup, which allows aid to keep flowing.
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IMF abandons plan to provide $4.8 billion loan to Egypt
Minister previously stated that “it is not appropriate to have a new round of negotiations with the IMF until Egypt regains political stability."