News
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Reliance Globalcom activates 'Hawk' submarine cable system in Egypt
The company said the integration will enable additional capacity of 20 terabits in the Mediterranean region.
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Egyptians buy into real estate to escape currency dive
For the real estate industry, the weak pound is actually fairly good news.
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Egypt's pound set to sag
A poll on African currencies suggested the pound will weaken to around 7.08 per dollar by this time next year, from current levels at 6.8177.
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US Embassy in Egypt takes down Twitter account
The handle's last tweet was a link to Jon Stewart, of "The Daily Show," talking about the arrest of Egyptian satirist Bassem Youssef.
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Egypt seeks $465 million loan from Arab Monetary Fund
Egypt is negotiating a loan worth $465 million from the Arab Monetary Fund, the country’s finance minister Al-Mursi Al-Sayed Hegazy told Al Arabiya.
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US Aid to Egypt is counterproductive
The U.S. offer to provide financial aid to the Muslim Brotherhood-led government will only have major negative consequences.
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Zaazou: 20% increase in German Tourism to Egypt
Minister of Tourism Hesham Zaazou confirmed that German tourism to Egypt has increased by 20% compared to last year.
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Egypt mulls tax on bank loans and shares in controversial reforms
Lawmakers are currently engaged in secret talks on changes to Egypt’s tax law, which is currently being debated by the country’s Shura Council.
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Barclays plans new branches in Egypt after French banks retreat
Barclays may consider acquiring another lender in the Arab country “should the opportunity present itself."
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ElBaradei slams ban against Iranian tourists in mosques
Dostour Party head Mohamed ElBaradei criticized news that Iranian tourists will be prevented from visiting historic mosques in Cairo.
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Egypt lifts cooking gas price before IMF visit
The price rise comes two days before an IMF mission arrives in Cairo to continue talks on a $4.8 billion loan needed to stave off a budget crisis.
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Groundwater Reservoirs between Libya, Egypt, Tunisia and Algeria
Egypt and Libya discussed the prospects of cooperation in the field of water desalination, sewage, and water supplies for industry and training.
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Orascom Telecom bid fails to buoy disillusioned Egypt
Egypt's main stock index lost 0.8 percent to 5,057 points, extending year-to-date losses to 7.4 percent.
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Brotherhood Parliament leader optimistic about Tourism
Erian explained that tourism can be revived with the efforts of Islamist movements, the willingness of the people and a shift in the behavior.
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Morsi refers controversial Islamic bonds law to Egypt's Al-Azhar
The Salafi Nour Party has lobbied to refer the draft law to the Al-Azhar in application of the provisions of the Constitution.
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Short of money, Egypt sees crisis on fuel and food
The root of the crisis, economists say, is that Egypt is running out of the hard currency it needs for fuel imports.
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Why the Egyptian government is terrified by the 'Jon Stewart of Egypt'
One man though could have the power, money and the plan to prove a real threat to the Muslim Brotherhood's grip on the country.
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IMF team to arrive in Egypt on Wednesday for loan talks
The most populous Arab country has been seeking a loan from the Fund to ease economic strains after two years of political upheaval.
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Egypt's former Shura Council speaker summoned on corruption charges
Safwat El-Sherif, former Mubarak regime power broker, is to face fresh graft accusations.
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Al-Azhar asserts role on Islamic finance, clashes with Muslim Brotherhood
Al-Azhar’s intervention could set a precedent for clerical oversight of other affairs of state.