News
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Samsung factory in Upper Egypt to open in June
Trade Minister Hatem Saleh says Samsung factory in Beni Suef will begin production in June.
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Egypt receives $3 bln Qatari deposit
The funds will remain with the central bank until Egypt’s Finance Ministry issues bonds of the same value to Qatar.
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Egyptian official calls for expansion of tourism ties with Iran
Iran and Egypt should make their utmost efforts to hold tourism exhibitions in a bid to demonstrate their potentials in the sector.
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Egypt pushes for reconciliation bid to lure investors
Some human rights and politician experts voiced their disapproval of ongoing reconciliation initiatives with ex-Mubarak's officials.
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Cabinet reveals state budget of LE 692 billion
Last month cabinet members presented the new proposed state budget for legislators in the Shura Council to approve.
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Egyptian appeal court cancels Ezz's conviction, jail sentence
Ex-steel magnate and NDP figure Ahmed Ezz will be retried on money-laundering charges.
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Calm in a Crisis: how Egypt’s SMEs are weathering the financial storm
Some of the problems SMEs face in Egypt, and how they handle them.
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Egypt confident of IMF deal
The IMF said on Thursday it was not currently planning a new visit to Egypt to discuss the programme.
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Egypt’s political instability taking toll on its economy
Egypt’s dire economic circumstances will not improve without political stability.
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Kandil in Turkey to attend European Development Bank meeting
Kandil heads Egypt's delegation to the summit which is held in Istanbul, the state news agency MENA reported.
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Egypt Central Bank keeps key rate unchanged at 9.75%
Egypt’s central bank kept its benchmark overnight deposit rate unchanged at 9.75 percent.
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IMF: Egypt economy deteriorating, needs reform plan
Negotiations for the loan have dragged on for more than a year for the crucial funding, which is expected to usher in unpopular austerity measures.
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S&P cuts Egypt's sovereign credit rating to 'C'
Standard & Poor's said on Thursday it lowered Egypt's sovereign credit rating to 'C' from 'B' with a stable outlook.
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Egypt's urban inflation rises to 8.1% in April
Egypt's urban consumer inflation rose to 8.1 percent in the 12 months to April.
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Tourism and Communications ministries promote Egypt via search engines
Both ministries sign protocol pact to promote Egyptian tourism destinations online.
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Going nowhere: Does Egypt have an economic plan?
A government spokesperson said the ministerial changes would not affect economic policy or plans for reform.
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Qatar to supply LNG in swap deal with Egypt
Qatar will supply 18 to 24 cargoes of LNG, each equivalent to 3.3 billion cubic feet of natural gas, for four months from May 28.
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Egypt says Libyan and Iraqi oil to arrive next month
Crude oil shipments from Iraq and Libya will start arriving in Egypt next month.
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E-Finance to operate new electronic petroleum subsidies programme
Egypt’s Finance Ministry estimated that a total of EGP 3bn will be saved monthly through implementation of the new programme.
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Can Egypt's Islamist finance minister cut a deal with the IMF?
The IMF talks mean that the replacement of Egypt's finance minister is the most important change to come out of the reshuffle.