News
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Can Morsi bite the bullet?
Egypt’s economy is in a dire state, but it remains unclear as to whether Egypt’s new civilian rulers will be able to rise to the challenge.
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EU: part of new aid package for Egypt linked to IMF loan
Egypt's government has been scrambling for loans and grants to counter a huge deficit, prop up its currency and reverse a lagging growth rate.
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Turkish premier to leave for Egypt
Erdogan will be accompanied by several ministers during his visit and will start his program by coming together with President Morsi.
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SEACOM doubles-up in Egypt
The activation of a new route across Egypt follows the activation of the primary route on 22 January 2012.
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Google Women in Technology: Inspiring Egyptian women
Google Women in Technology is an initiative by Google empowering women in Africa & the Middle East to delve into the technology world professionally.
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EU approves $6.4 bln financial aid package to Egypt
The European Investment Bank will grant Egypt 2.0 billion euros and the European Bank for Reconstruction and Development a further 2.0 billion.
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Egypt’s Finance Minister: IMF Deal by this weekend
Government officials have proposed austerity measures, weatherman calling for food riots with a chance of mayhem.
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MAF Properties set to expand further in Egypt, Saudi
Al Futtaim sales in Bahrain and Egypt, which were hit hard by the Arab Spring last year, have increased 15-20 percent year-on-year.
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Egypt's prime minister presents economic program, aiming for 3.5 per cent growth
Egypt's government sees the IMF loan as a way to raise investor confidence & reduce its budget deficit currently at 11 per cent of GDP.
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Extremist calls for destruction of Egyptian antiquities
A jihadi sheikh declared that if he and his ilk ever came to power, they would not hesitate to destroy the Sphinx and the pyramids.
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Islamic crowd funding portal launched in Egypt
Crowd funding allows large numbers of investors to become shareholders in a project by contributing very small amounts of money.
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Now that the dust has settled in Egypt, doors open to investors
For the largest country in the Middle East, the revolution in Egypt was the harbinger of better times ahead.
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€82 million of European investments to be approved
Promoting joint investments, technology transfer and human resources development are some of the pivot points.
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EgyptAir allows hostesses to wear headscarves
The 'EgyptAir' has allowed the veil which was only mandatory for female stewardesses on flights to Saudi Arabia.
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Telecom Egypt eyes deal with government on mobile service
Telecom Egypt, which is 80 percent owned by the state, has been relying on its data business to boost revenue.
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Egypt’s former finance minister warns of spiraling economic crisis
Radwan said the budget deficit of the last year was much more than expected and has amounted to 170 percent.
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Sawiris offers to buy EUR 5 bln stake in Telecom Italia
The proposed investment by Sawiris will reportedly give him a near 30 percent stake in the Milan-based Italy's largest telephone company.
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Egyptian DinaFarms to ramp up raw milk production
In September 2012, the company had secured an EGP92m ($15m) syndicated loan facility to finance civil work, machinery and purchase 2,000 cows.
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Egypt may struggle to meet Islamic finance target
Egypt is predominantly Muslim and 10 percent of the 80 million people have bank accounts - but the rise of Islamic finance in Egypt might be slow.
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Morsi opens petrochemicals factory in Alexandria
The factory, built with a 100% Egyptian capital, is expected to produce 200,000 tons annually and is part of national petrochemical projects.