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Minister of Communication announces EGP 5bn sector development plan

  /  April 16, 2014  /  Business  /  1 Comment

Atef Helmy says that the implementation of the plan will take seven years

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Ministries of Housing and Supply cooperate on development of services in new cities

  /  April 16, 2014  /  Business  /  1 Comment

New cities will be provided with markets, trade complexes, logistics areas and factory outlets, housing ministry says

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Government to adopt new economic stimulus package

  /  April 15, 2014  /  Business  /  3 Comments

Minister of Finance says package would focus on industry, housing and construction, communication and tourism sectors

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Natural gas supplies to be temporarily reduced by 5%

  /  April 15, 2014  /  Business  /  2 Comments

A natural gas supply unit will stop working from 17 to 27 April, Ministry of Electricity says

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Ministry of Industry obliges governmental bodies to reduce electricity consumption by 20%

  /  April 14, 2014  /  Business  /  1 Comment

Industry minister says that starting next June, new air conditioning system will be adopted with the aim of rationing electricity consumption

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Egypt looking to revitalise economic relations with US: Industry minister

  /  April 14, 2014  /  Business, Economy  /  4 Comments

Government plans to adopt measures to attract foreign and domestic investments, says minister

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Deloitte Middle East ranks Egypt 84th for social progress

  /  April 13, 2014  /  Business  /  1 Comment

The 2014 Social Progress Index ranks 132 countries based on their social and environmental performance

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Egypt imports 230,000 tons of wheat from Russia, Ukraine and Romania

  /  April 13, 2014  /  Business  /  3 Comments

Minister of Supply says current wheat supply is sufficient until mid-June

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Egypt still in need of financial assistance: International Monetary Fund

  /  April 12, 2014  /  Business, Economy  /  1 Comment

Financial aid could come from Gulf countries, the IMF or other financial institutions, says IMF’s chief of mission in Egypt

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Egypt’s real estate prices expected to increase by 15% in 2014

  /  April 12, 2014  /  Business, Economy  /  1 Comment

High demand on property units is partly attributed to climb, says Executive Chairman of Coldwell Banker New Homes

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Ministry of Finance launches blog to communicate with the public

  /  April 9, 2014  /  Technology  /  No Comments

The aim of the blog is to communicate with the public regarding the country’s economic situation, the ministry says

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Communication services shutdown temporarily in Aswan

  /  April 9, 2014  /  Technology  /  2 Comments

Telecom Egypt says the Tuesday outage occurred due to damage in a communication cable

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Tourism revenues slide 66% in first half of FY 2013/2014

  /  April 9, 2014  /  Business  /  1 Comment

Ministry of Finance says the tourism sector brought in $1.9bn in six months.

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Arab Contractors to complete 138 projects by June: Housing ministry

  /  April 8, 2014  /  Business  /  1 Comment

Projects involve construction of roads, bridges, housing and water and sanitation stations

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Egypt considers establishing first integrated commercial city

  /  April 8, 2014  /  Business  /  2 Comments

Minister of Supply says city would boost shopping tourism and generate job opportunities

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Egypt’s real estate market to recover in late 2014 and 2015: Jones Lang LaSalle

  /  April 8, 2014  /  Business  /  1 Comment

The international firm attributed the recovery to positive economic moves in Q1 2014

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Minister of Housing seeks partnerships with private companies to revitalise housing sector

  /  April 7, 2014  /  Business  /  2 Comments

Real estate summit Cityscape Egypt launched

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Social insurance debt to be repaid by 2021: Finance ministry

  /  April 6, 2014  /  Business  /  2 Comments

Value of social insurance debt between 2011 and 2013 amounted to EGP 162bn, according to finance minister

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Reservations of 50,000 residential units to be accepted by mid-April

  /  April 6, 2014  /  Business  /  2 Comments

Construction of the units, which is part of Egypt’s social housing programme, will be completed within a year, housing minister says

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Government attempts to mitigate negative impact of coal usage

  /  April 5, 2014  /  Business  /  1 Comment

Violations of environmental standards will be met with taxes and tight penalties, government says

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World Bank loans Egypt $300m to grow small businesses

  /  April 5, 2014  /  Business  /  1 Comment

The loan will finance 130,000 micro and small enterprises, World Bank says

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Government announces measures to stave off summer power outages

  /  April 2, 2014  /  Business  /  2 Comments

Natural gas will be imported address fuel shortage to power stations, cabinet says

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Minister of Communication talks strategy with American, Polish and Ugandan counterparts

  /  April 2, 2014  /  Technology  /  No Comments

At the World Telecommunications Development Conference, Atef Helmy calls for international cooperation on issues of privacy, digital identity, and cybersecurity

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Italy provides Egypt EGP 3.5m for solar power in Wadi Al-Rayan

  /  April 1, 2014  /  Business  /  2 Comments

The solar energy units are currently delivering electricity to 19 buildings in the area

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Egypt’s economy needs mutual funds: EGX chairman

  /  April 1, 2014  /  Business  /  2 Comments

Mutual funds will help boost economic growth, Omran says

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EBRD invests $190m in Egyptian power plants

  /  March 31, 2014  /  Business  /  No Comments

Upgrading Shabab and West Damietta plants will cost a total of $900m

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Budget deficit shrinks by 6% in 8M FY 2013/2014

  /  March 31, 2014  /  Business  /  1 Comment

From July to February, the budget gap marked EGP 123.6bn compared to EGP 146.5bn in the same period in FY 2012/2013

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Faisal Islamic Bank to participate in CBE housing initiative

  /  March 30, 2014  /  Business  /  No Comments

Bank chairman meets prime minister to discuss industrial, urban and economic development projects

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Ministry of Petroleum pushes for use of coal to solve energy crisis

  /  March 30, 2014  /  Business  /  1 Comment

Debate between the Ministry of Petroleum, the Ministry of Environmental Affairs, and the Federation for Egyptian Industries heats up

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Banque du Caire eyeing ‘socially responsible’ projects: CEO

  /  March 29, 2014  /  Business  /  2 Comments

The bank signed contracts last week to provide petroleum sector with an EGP 2bn and a $150m loan

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