News
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IMF loans would lead to subordination, says expert
Economic expert Mustafa Al-Nasharty disagreed with Egypt’s new finance minister, Al-Beblawy, who said he has not ruled out borrowing money from IMF.
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Elsewedy expected to benefit from abroad
Egypt's Elsewedy Electric is expected to benefit from improving demand in Saudi Arabia and Qatar's construction sector, AlembicHC said yesterday.
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Egypt Keeps Benchmark Interest Rate Unchanged to Help Economic Growth
Egypt’s central bank kept its benchmark interest rate at the lowest level in more than four years with the aim of helping the economy.
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HSBC sets GB Auto’s target price at EGP 24
HSBC Bank defined the price estimate of automobile manufacturer GB Auto at EGP 24.
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Egyptian International Tourism Projects H1/2011 profits dip to LE 54 m
EITP reported standalone financial results posting a net profits of LE 54,758,656 for the period from 01/01/2011 till 30/06/2011.
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Egyptians using Twitter to raise money
Twitter is a force in Egypt & local activists hope it will be a way of raising money for a charity to support popular development projects.
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Egypt's Fawry helps MasterCard launch electronic bill-paying services
MasterCard Worldwide in Egypt has teamed up with Fawry to allow cardholders to pay bills and top-up mobiles via Fawry’s retail network.
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Negotiations stall surrounding US aid to Egypt
Ongoing negotiations surrounding President Obama’s recently pledged US$2 billion aid to Egypt suffer from disagreements between Cairo and Washington.
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Egypt’s first bond sale since uprising may cushion debt costs
Next week’s sale is the first of planned auctions for a combined 22 b pounds in 2-year fixed-rate, 2 year floating-rate & 3 year bonds this quarter.
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Emirati delegation studies projects given by the GAFI in Egypt
Egypt’s General Authority for Investment and Free Zones (GAFI) will offer a presentation of small- and mid-level projects to an Emirati delegation.
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Egypt can still lead the Arab world to democracy
Egypt is progressing steadily — though messily — toward greater freedom.
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The future of Turkish-Egyptian relations
When Prime Minister Recep Tayyip Erdo?an publicly urged Hosni Mubarak to give up power, I was one of those who expressed concern.
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Egypt gives Pakistan complete access to international markets
Pakistani businessmen can now enjoy complete access to American, African and EU markets via Egypt.
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The Emerging Startup Culture In Cairo Will Blow You Away
The International Finance Corporation reported that in 2011 out of 183 economies, Egypt's "Starting a Business" ranking rose to 18 from 23 in 2010.
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Bee offers payment solutions to Egypt customers
With plans to invest around LE 100 million in Egypt over the next three years, Bee Payment Solutions underlined its confidence in the country.
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Glass half-full: Egypt minister commits to market economy
Minister designate does not rule out return to IMF; Sees temporary difficulties, long-term outlook good
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Egypt Banks Pass on Repos, Signaling Market Has Enough Funds
Egypt’s central bank didn’t receive bids for seven-day repurchase contracts today, indicating banks have sufficient funds
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Avail access to int' l market via Egypt
Ambassador of Egypt to Pakistan, Magdy Amer on Wednesday said that Pakistani businessmen can enjoy market access through Egypt.
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Agriculture minister dismisses 25 advisers
Agricultural Minister Ayman Farid Abul Hadidon on Wednesday dismissed 25 advisers, even though the minister is scheduled to be replaced on Thursday.
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Egypt plans to raise 5 billion pounds at T-bill sale tomorrow
Egypt plans to raise 5 billion EGP ($838 million) at an auction of treasury bills tomorrow after yields dropped from the highest levels since 2008.