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CEOs view 2015 world economic growth with less optimism: PWC

  /  February 1, 2015  /  Business  /  No Comments

Over-regulations, availability of key skills and government response to fiscal deficit and debt burden are among the main concerns in 2015

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Beltone Private Equity, Arabiyya Istithmaraat sign management contract

  /  January 26, 2015  /  Business  /  No Comments

Period of the contact is five years

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Beltone Capital to hold private stock issuance, construct $100m solar station

  /  January 26, 2015  /  Business  /  No Comments

50 MW solar energy facility will be in cooperation with Total Egypt

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Pound value depreciation continues, dollar reaches EGP 7.34

  /  January 21, 2015  /  Business  /  No Comments

Dollar’s value increases to EGP 7.38 at NBE and Banque Misr

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Egypt seeks pivotal role in energy trade: Al-Sisi

  /  January 19, 2015  /  Business  /  No Comments

Following 25 January Revolution, Egypt has suffered from recurring power cuts

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Dollar value rises to EGP 7.19, further 5% devaluation expected

  /  January 18, 2015  /  Business  /  No Comments

Government faces pressure to combat black market before the March Economic Summit

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Capital market gains EGP 6bn on EFTs’ first trading day

  /  January 14, 2015  /  Business  /  No Comments

EGX committee approved listing of ETFs in 2014 with initial value of EGP 10m

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500-600sqkm expected for projects in Suez Canal: Yehia Zaki

  /  January 13, 2015  /  Business  /  No Comments

Master plan will be finalised in February

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Ambassador reassures British companies’ commitment to Egypt

  /  January 13, 2015  /  Business  /  No Comments

The minister discussed the Economic Summit, which will take place in March, stating that the main rationale behind the government efforts is to increase domestic and foreign investments.

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Collection of $1.5bn in bonds expected by April

  /  January 13, 2015  /  Business  /  No Comments

Government finalising document to issue tender in order to decide which company will manage issuance

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External debt rises to $46.1bn at end of June 2014

  /  January 12, 2015  /  Business  /  No Comments

Ratio of external debt to GDP registers 16.4% compared to 17.3% YoY, the CBE said

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Real estate stimulation expected during Q1 2015: Cluttons Egypt director

  /  January 11, 2015  /  interviews  /  No Comments

Rental prices to increase in Kattameya, decrease in smart village, Nile Towers and City Stars

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Egyptian exports inched up by 0.15% during 2014

  /  January 10, 2015  /  Business  /  No Comments

Exports declined in December to $1.84bn, compared to $1.915bn the previous month

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Effect of oil prices to reflect on Q3 2014/2015: Osama Kamal

  /  January 7, 2015  /  Business  /  No Comments

Brent crude oil decline to $50 per barrel

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International foreign reserves drop to $15.3bn

  /  January 6, 2015  /  Business  /  No Comments

Egypt’s BOP recorded $410m surplus in Q1 2014/2015

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Stock markets losses EGP 9.4bn

  /  January 6, 2015  /  Business  /  No Comments

Trading on Orascom Hotels and Development stocks started during Tuesday’s session

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Removal of cotton subsidies will harm textile industry: Chairman of Eastern Cotton Co.

  /  January 5, 2015  /  Business  /  1 Comment

Removal of subsidies continues, with agriculture minister announcing the removal of subsidies for cotton cultivation

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Presidential decree to establish EGP 3.3bn phosphate industrial zone

  /  January 5, 2015  /  Business  /  No Comments

Industrial zone will be constructed over 5,115 feddans and will include 12 industrial complexes

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OHD offers 15% of stocks at EGP 506m

  /  January 4, 2015  /  Business  /  1 Comment

33m stocks were offered by the company

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Year End 2014: What has the president accomplished so far?

  /  January 3, 2015  /  Business  /  No Comments

President Abdel Fattah Al-Sisi made several economic promises to Egyptians prior to his election. Daily News Egypt reviews the goals set and analyses how far along they are from realisation. Prior to election, then-political candidate read the rest…

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Orascom Development Holding offers 10-15% in stock market

  /  December 30, 2014  /  Business  /  No Comments

The company stated that its management is “optimistic with the company’s performance”, adding that it expects a stronger performance after the completion of the upcoming parliamentary elections.

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Wheat supply sufficient until April, 120m tons to arrive from Russia

  /  December 30, 2014  /  Business  /  1 Comment

Wheat and grains logistics centre will protect Egypt from wheat market fluctuations, says supply minister

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Al-Sisi calls for launch of villages’ national development project

  /  December 29, 2014  /  Business  /  No Comments

Egyptian President discussed development of Egyptian villages with economic team

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2014 best economic year since January 2011: Cairo Centre for Economic and Strategic Studies

  /  December 24, 2014  /  Business  /  No Comments

Following Morsi’s ouster on 30 June, government adopted austerity-style policies, Centre Head says

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3 cooperation agreements signed in China

  /  December 24, 2014  /  Business  /  2 Comments

Egyptian president met with leading Chinese tourism companies in Beijing

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Al-Sisi invites Chinese inventors to March Economic Summit

  /  December 23, 2014  /  Business  /  1 Comment

Al-Sisi said the Egyptian economy was in a “very difficult position” 16 month ago, with inflation reaching its highest rates, international agencies lowering the country’s credit ratings, and the fleeing of foreign investments.

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Gold prices remain low: FEDCOC Gold Division Head

  /  December 22, 2014  /  Business  /  2 Comments

Official says gold prices were not notably affected by oil pricing crisis

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ICT market generally growing in Egypt: Intel’s META business director

  /  December 20, 2014  /  interviews  /  2 Comments

By Mohamed Alaa and Sara Aggour With the government constantly announcing new plans to develop its information and communications technology sector, Daily News Egypt sat down with Intel’s regional business director for the Middle East, read the rest…

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Stock losses continue, market declines by EGP 15.3bn

  /  December 17, 2014  /  Business  /  No Comments

Total market losses so far at EGP 48bn, while gains amount to EGP 5.9bn

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Stock market sheds EGP 12.4bn, all market indexes decline

  /  December 16, 2014  /  Business  /  1 Comment

A further drop in oil prices results in additional losses for the Egyptian capital market

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