News
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Walid Hegazy appointed Egypt financial services chief
Hegazy to replace Ashraf El-Sharkawy as head of Egyptian Financial Supervisory Authority.
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Egypt braced for protests as Mursi stands ground
On Friday, Mursi's Muslim Brotherhood and their allies will gather in Cairo, as will some opposition groups.
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CBC owner travel ban confirmed after Morsi accusations
The owner of Egyptian private satellite channel CBC, accused of tax evasion by President Morsi in Wednesday's public address, is banned from travel.
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Egypt, Ethiopia water dispute threatens nations
Despite the saber rattling rhetoric, there’s little chance Egypt and Ethiopia will actually cross swords over the Nile.
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QNB Ahli implements 5-year plan for Egypt expansions
QNB Egypt (formerly NSGB) started implementing a 5-year plan ending in 2017, Al Mal newspaper reported.
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Egypt’s unemployed target Mursi after toppling Mubarak
More than 1 million people have swelled the ranks of Egypt’s unemployed since the first quarter of 2010, bringing joblessness to a record 13.2%.
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Egypt's OCI boosts market value
The market value of OCI increased to 49.8 billion Egyptian pounds or US$7.1 billion.
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Qatar increases Egypt frequency
The Doha-based carrier is introducing five new flights to its current 16 services a week.
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Etisalat launches Flous mobile money in Egypt
Etisalat has launched a mobile payment and transfer service in Egypt.
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Egypt's banks, bourse closed on 1 July
Banks and bourse will be closed on 1 July due to end of 2012/13 fiscal year.
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The performance of the Egyptian economy under Morsy
Prime Minister Hesham Qandil’s cabinet has announced intentions to implement austerity measures to reduce the growing budget deficit.
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Egypt’s shift to large fuel suppliers “normal”, experts say
Egypt, which owes more than $5 billion to fuel suppliers, has shifted to large Swiss trading houses.
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Currency shortages hit Vodafone's Egyptian business
Shortage of foreign currency hits Vodafone Egypt as the firm finds difficulties in buying new equipment.
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Actis invests $102m in Edita
Actis has invested US$102 million in Edita Food Industries, a leading snack food business in Egypt.
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Egypt economy grew by 2.2 pct in Jan-March: planning ministry
In the nine months to end-March, gross domestic product rose by 2.3 percent, up from 1.8 percent from the same nine months a year earlier.
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Egypt to borrow US$500 million from Saudi Arabia
The state budget deficit is expected to reach LE200 million in the fiscal year 2012-2013, which will end in the next few days.
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Swiss step in to sell Egypt fuel
Traders such as BB Energy, AOT Trading, Eminent, Augusta and Sahara have almost completely stopped supplying Egypt.
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Mars Inc. inaugurates $80m production line in Egypt
Twix production line applauded by US ambassador as example of expanding American investment in Egypt.
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Egypt's controversial Luxor governor resigns
Adel al-Khayat, a member of Al-Gamaa Al-Islamiya, blamed his resignation on "an unjust media campaign" against him.
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Saudi investments in Egypt to continue
Saudi investments are present and will continue to be present in Egypt, underlined Saudi Ambassador here Ahmad bin Abdulaziz Qattan.