News
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Egypt shares rebound on foreign investor interest
Cairo’s benchmark index rose 2.2 percent and closed very near its intra-day high, extending its 2012 gains to 49.6 percent.
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Egypt’s president got his constitution, but can he fix the economy?
While Morsi works to manage the political fallout of his constitutional campaign, economic issues will also take priority in the short term.
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New economic crisis as Egypt hit by dollar shortage
Western Union denied Wednesday evening a suspension of US dollar transfers, confirming that its work will continue normally.
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Egypt rules out tax increases
The government has begun a series of meetings with businessmen, trade unions, non-governmental organisations and other groups.
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New turmoil hits Egypt's tourism
Egypt's touts have always been aggressive — but they're more desperate than ever after nearly two years of devastation.
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Egypt's Morsi to reshuffle cabinet to tackle economy
Morsi acknowledged Egypt had gone through "disquieting" weeks of unrest, but said he was ready for political dialogue.
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Egypt to raise bond sale target by 60 percent
The plan marks a reversal of the government’s strategy last quarter to cut long-term debt sales by 49 percent.
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Egyptian Communications Minister quits Kandil's govt
Hany Mahmoud Abdel Megeed announced late Tuesday in his statement of resignation that he was “quitting for Egypt.”
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Egypt’s central bank reacts
The Central Bank of Egypt is taking all necessary steps and measures to preserve the stability and security of the banking sector.
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PM: Stability key to fixing economy
Egypt's budget deficit surged to 11 percent of gross domestic product in the financial year that ended in June 2012.
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Egypt constitution passes, economic crunch looms
The battle over the constitution left Egypt deeply polarized at a time when the government is increasingly cash-strapped.
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Morsi issues decree to establish controversial Zewail science centre
The decree is the latest measure in a struggle between Nile University and the Zewail City of Science and Technology over disputed land.
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S&P downgrades Egypt credit rating
Standard and Poor's has downgraded Egypt's long-term credit rating because of "elevated" tensions over its political crisis.
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In Egypt, Samsung, IBM, Intel, Oracle are investing eagerly
Samsung announced plans to build its first plant in the region in Egypt.
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Egypt to announce result of constitution vote on Tuesday
The creation of a new constitution is a vital step in Egypt's transition to democracy almost two years after the fall of military-backed Mubarak.
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Tourism losing thousands of dollars every minute
An unstable Egypt is costing the country a fortune in missing tourism funds.
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Passing Egypt's constitution hopeful step to revive economy
A new constitution, an elected president, along with prospective parliamentary elections mean a stable political system.
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Fragile Egypt economy overshadows Mursi's vote win
Morsi may have squandered any chance of building a consensus on tax rises and spending cuts that are essential to rein in a crushing budget deficit.
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Dubai’s MAF Group eyes Egypt supermarkets in $300m deal
The Majid Al Futtaim group is reportedly in talks to buy the supermarket business of Mansour Group.
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Egypt’s incessant protests are scaring away tourists
Egypt’s revolution and ensuing unrest have caused the number of visitors to the country to decline by about 37 percent.