News
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Still in turmoil, Egypt loses billions in tourism dollars
Egyptian tourism officials say the country had lost more than $2.6 billion by the end of June.
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Poultry prices up ahead of Ramadan
The increase in food prices accelerated ahead of the holy fasting month of Ramadan, which starts on August 1, consumers complained on Sunday.
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New companies provide 1,529 jobs
The General Authority for Investment and Free Zones announced the establishment of 146 new companies and will be providing 1,529 jobs.
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Egypt to offer LE 3 bln in 3-yr bonds
Egypt's Finance Ministry will offer LE 3 billion ($503 million) in three-year bonds at an auction on August 1st, the central bank said on Sunday.
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FSA says Electrolux submits compulsory offer to buy Olympic
FSA sent a statement to EGX saying that a compulsory tender offer has been submitted by Electrolux to buy 100 % of Olympic Financial Investments.
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Price of Steel On the Rise
The Central Agency for Public Mobilization and Statistics in Egypt announced that the price of steel increased during the month of June.
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Egypt reviews planned bridge with Saudi Arabia
Egypt and Saudi Arabia plan to build one of the longest bridges in the world that would link the Kingdom with the Red Sea resort of Sharm El-Sheikh.
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Privatization of Egyptian companies halted
The Egyptian government has decided to cancel privatization of the business sector since companies sold to private owners show serious neglect.
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Egypt to invest $1 bil to drill oil, gas wells
Egypt’s Minister of Petroleum Abdallah Ghorab said that a plan is underway to explore for oil and natural gas in Sinai.
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Yahoo launches exclusive Ramadan website
In honor of the Holy Month of Ramadan, which falls on the first of August this year, Yahoo launched a Ramadan site as part of Yahoo! Maktoob.
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WB: Investors need decisive action from Egyptian government
The World Bank (WB) held a forum yesterday in order to discuss the situation in the Middle East after the incidents that have been happening.
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Sudan: Egypt builds new Khartoum Airport
Al-Nassr Construction Co., one of the Egyptian public business sector companies will to carry out the project of building the new Khartoum Airport.
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Egypt changes ICT minister at last minute
Abdel Azim will not be the new ICT minister in Egypt, after the government was forced to make a number of last-minute changes to its new cabinet.
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Al-Ahly bank gets offer for tourism project by Red sea
Egypt’s Al-Ahly bank has received an offer from the governor of the Sudan’s eastern region to build a tourism project on the shores of the Red Sea.
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Aviation workers threaten to strike and partially close airspace
Dozens of aviation workers continued their protest at Cairo International Airport Thursday.
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Mideast’s first group buying site GoNabIt to integrate into LivingSocial
GoNabIt, the Arab region’s first group-buying website, is set to fully integrate into LivingSocial and operate under its brand name soon.
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Egypt to cut costs by reducing number of embassies abroad
The government is planning to cut cost by reducing the number of diplomatic missions abroad, a cabinet source told Al-Masry Al-Youm on Sunday.
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SPINALEX pays coupon at EGP 0.06/shr today
Alexandria for Spinning & Weaving (SPINALEX) will start today, Monday, July 25, 2011, paying coupon No. 41 at EGP 0.06 per share.
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Road to recovery a long one for Egypt
Egypt's economy may have moved on from the revolution's most chaotic days. But the impact of the unrest continues to be felt.
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InfoFort supports Egyptian economy through Cairo ICT 2011
InfoFort, the leading records & information management solutions provider in the Middle East & Africa, participated in the Cairo ICT 2011.