News
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First book exchange social network launches in Egypt
Badl Kitabk not only provides a medium for sharing books through an exchange, it also creates a social network.
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Inflation in Egypt keeps on growing
Inflation had recorded 4.3 per cent in November, its lowest level since March 2006.
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Islamic Development Bank provides $265m to state-owned oil firm
Prime Minister Hesham Qandil signed what is called a Murabha Agreement on Wednesday, which was also signed by Sharif Hadara, head of the EGPC.
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Nation's economy will meet challenges: Presidential Spokesman
Yasser Ali said that Egypt is determined to implement policies that promote social justice and support low-income groups.
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Egypt: Year in Review 2012
The IMF forecast 2% growth for Egypt in 2012, according to its assessment in October, which upgraded its expectation from 1.5%.
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Egypt must convince people of need for IMF: Lagarde
The IMF loan is crucial to plugging Egypt's balance of payments and budget deficits.
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Nokia may go Android
According to Spanish newspaper EL-Pais, Nokia CEO Stephen Elop said: “In the present war of systems, we are always thinking about what's next.”
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IMF wants pound value to drop against US dollar, says official
The IMF officials also said they were skeptical of the government's ability to reduce the budget deficit in an agreed-upon time period.
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Qatar throws Egypt $2.5 billion lifeline to prop up pound
Qatar's handout appears to be another example of the Gulf state seeking to deepen its influence in a Middle East being reshaped by revolts.
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Opinion: Building a new Egypt: Where we are today
No nation can be rebuilt in short order. Egypt is no exception. A Harvard Business School professor describes how business leaders can help.
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Egypt pound hits record low after c.bank auction
The central bank said the cut-off price at the Tuesday auction was 6.4492 pounds to the dollar - a 0.5 percent fall from Sunday.
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Egypt's finance minister is expert on Islamic economics
Al-Mursi Al-Sayed Hegazy, an expert on public finance and Islamic economics, was sworn in on Sunday as Egyptian finance minister.
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Morsi manages Egypt’s economic decline
Nervana Mahmoud writes that Egypt’s economy today recalls the worst days of the 1970s.
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IMF had 'productive' discussion with Egypt
Egypt first struck an agreement for a stand-by loan with the IMF in November, but Cairo postponed the formal end of the deal last month.
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Sukuk in Egypt unleashed
Could sukuk, or Sharia-compliant bonds, be the answer to an ailing economy?
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Egypt's gas supplies to Jordan back to "normal levels"
According to a Ministry of Energy source, the country’s Egyptian gas supplies returned to their full levels of 240 million cubic feet a day.
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Egypt’s central bank fights hard against currency crisis
The Egyptian Central Bank’s relatively high dollar sales are not resulting in defending the local currency against the greenback.
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Egypt shakes up Cabinet in move to spur economy
The reshuffle, which President Mohammed Morsi had promised in response to public anger over Egypt's economic malaise, affected two key ministries.
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Egypt ready to complete IMF talks: new finance minister
Al-Mursi Al-Sayed Hegazy will meet with a senior IMF official who is visiting Egypt on Monday.
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Changing destinations: 2012 has seen shifts in travel habits
The industry has a workforce of millions and is one of the nation’s largest sources of foreign currency.