News
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New Egypt tax law: cuts for poor, business hikes
The interim parliament, led by Islamist allies of President Mohammed Morsi, approved the new tax measure last week.
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Egypt tourist arrivals rise, but not by enough
The number of travelers visiting Egypt in the first four months of 2013 rose 11.8 percent from a year earlier.
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Egypt: International banks eyeing long-term growth
On April 1, the international press reported that Barclays, the UK’s second-biggest bank by assets, planned to increase its presence in Egypt.
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El Sewedy shows how Egyptian companies can beat the odds
El Sewedy Electrometer is about to undertake its biggest challenge yet: making a play for the US market.
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Opinion: How to reinvigorate Egypt's economy
Blaming the revolution is the wrong approach to Egypt’s current economic woes, writes PIMCO's Mohamed ElErian.
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Antiquities minister: UNESCO threatens to declassify heritage sites
Egypt’s poor management of its ancient monuments draws threat from the United Nations Scientific Economic Cultural Organisation.
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New business consultancy helps startups get on their feet in Egypt
Those struggling to set up their startup can now turn to Connectors, a business consultancy that officially launched last month.
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IMF raises Egypt 2013 CPI forecast to 10.9%, highest since 2010
The Fund expected Egypt's inflation of 8.2 percent in 2013 in its half-yearly analysis of the world economy published last month.
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Turkey to increase $1 bln credit line to Egypt by $250 mln
Turkey has transferred $1 billion of a $2 billion budget support package to Egypt since last year.
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Stop selling liquor in Egypt!
Egypt's liquor stores are under growing pressure to stop selling alcohol from society itself.
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Egyptian business delegation visited Ethiopia
17 Egyptian companies were part of the business delegation looking for partners in Ethiopia.
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Egypt: On a knife’s edge
Salaries average $5,400 a year, and the Egyptian pound has lost more than 10% of its value over the past year.
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Egyptian banking officials protest new loan loss provision tax
Shura Council decision to raise taxes on loan loss provisions at nation's banks is met by anger.
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Long-awaited Sukuk can’t rescue Egypt’s economy alone, say analysts
Many banking analysts and investors say that while Sukuk is a good tool, expecting that much money to flow into Islamic bonds is unrealistic.
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Long-awaited Sukuk can’t rescue Egypt’s economy alone, say analysts
Many banking analysts and investors say that while Sukuk is a good tool, expecting that much money to flow into Islamic bonds is unrealistic.
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Turkey, Egypt agree to Iran proposed petrochemical OPEC
The plan is to form an international petrochemical association similar to the Organization of Petroleum Exporting Countries (OPEC).
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Sino-Egyptian economic zone attracts more investment
To boost investment in a Sino-Egyptian joint industrial zone, three large Chinese companies will start production there this year.
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British girl drowns in Egyptian hotel pool
London five-year-old Chloe Johnson dies in water park of Coral Sea Waterworld hotel in Sharm el-Sheikh.
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Sawiris, Ben Ammar unveil 100M euro film partnership
The two Arab tycoons are also planning to buy out companies in the media sector.
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Black market flourishes as Egypt’s economy founders
The supply of subsidized goods is drying up, breaking down the longstanding subsidy system and pushing those who can afford it to the black market.