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Egypt to Make Changes to Economic Reform Plan
Egypt >> 1/16/2013 - Finance Minister Al-Morsy Hegazi said on 15/1/2013 that Egypt is currently seeking to change the economic reform plan to obtain thr IMF $ 4.8 billion loan. At a meeting with the Bank Group Chairman Ah...
Currency Crisis Won't End Qatar Bank's Egypt Buy
Egypt >> 1/16/2013 - Qatar National Bank hopes to complete the purchase of Societe Generale's Egyptian unit in the next two months and won't be deterred by the currency crisis in the north African country, it said on Wedn...
Egypt's Pound Vox Pops: Strong Dollar in Streets
Egypt >> 1/17/2013 - A US dollar crisis has swept Egypt since late December. As the market for foreign currency has dried up, the value of the Egyptian pound dropped consecutively against the dollar to reach LE6.59. While...
Egyptian Economists Worry for 2013
Egypt >> 1/17/2013 - Prominent economists expressed their predictions on Egypt’s economy in 2013 and the possible turns it could take in a roundtable at the American University in Cairo (AUC). Inflation is predicted to su...
Egypt Inks LE 11.8 mn for Developing Metro
Egypt >> 1/17/2013 - Prime Minister Hisham Qandil witnessed on 16/1/2013 the signing of a contract with SYSTRA of France to propose options to develop the first line of the Metro from Helwan to Marg. National Authority fo...
Bilateral Relations between Egypt and Qatar
Egypt >> 1/18/2013 - Prime Minister Hisham Qandeel received on 17/01/2013 Qatari Finance Minister Yousef Hussein Kamal to discuss fostering bilateral relations especially in the fields of economy, finance and investment. ...
EU to Provide USD 6.5 Billion to Egypt
Egypt >> 1/18/2013 - The European Union (EU) will provide more than 6.5 billion dollars in forms of grants and soft loans with long grace periods to Egypt during the fiscal year 2012/2013, once Egypt has signed its agreem...
Egypt Aims to Save 150 Megawatts in Coming period
Egypt >> 1/18/2013 - Minister of Electricity and Energy Ahmed Imam has said the ministry aims to save 150 megawatts of power in the coming period. Speaking to the Egyptian TV, Imam added that the ministry will replace sod...
Hatem Abdel-Latif Unveils Urgent Plans for Railways Sector
Egypt >> 1/18/2013 - Transport Minister Hatem Abdel-Latif on 17/01/2013 unveiled urgent plans for developing the railway sector at an estimated budget of 470 million pounds. Speaking before the parliament's transport comm...
EU $6.5 Billion Grant Dependent on Egypt IMF Loan
Egypt >> 1/18/2013 - President of the European Council Herman Van Rompuy, announced that EU's $6.5 billion loan to Egypt will only be granted once the International Monetary Fund (IMF) seals its loan agreement with Egypt,...
Loan Negotiations with Egypt at Advanced Stage
Egypt >> 1/18/2013 - The International Monetary Fund (IMF) is holding advanced talks with Egypt and will launch similar loan negotiations with Tunisia, IMF Managing Director Christine Lagarde said at a press conference in...
Kuwait Fund to Bankroll Development Projects in Egypt
Egypt >> 1/19/2013 - Arab and foreign development foundations support all steps taken by the Egyptian government at the economic level. The Kuwaiti Fund for Arab Economic Development is one such foundations, said Internat...
Egypt Enjoys Promising Opportunities for Investment
Egypt >> 1/19/2013 - Egyptian Ambassador to the United States Mohamed Tawfiq said that Egypt enjoys promising opportunities for growth and investment and is about to complete its democratic reform. During his meeting with...
Egypt's Orascom to Gain Control of Canadian Wind Mobile
Egypt >> 1/19/2013 - Anthony Lacavera, founder of Canada's Wind Mobile, plans to step down as chief executive as part of a deal that will give Egypt's Orascom Telecom control of the carrier, a newcomer to a market long do...
Mohammed bin Naif Meets with Canadian Officials
Egypt >> 1/19/2013 - Prince Mohammed bin Naif bin Abdulaziz, Minister of Interior, arrived within the framework of the tour paid by him, including the United States of America and the United Kingdom. Upon his arrival, Pri...
'Islamic' Bonds to Generate $10 Billion in Revenue
Egypt >> 1/20/2013 - The new Islamic Bonds (Sukuk) law is expected to generate $10 billion for the Egyptian government, Finance Minister El-Morsi Hegazy was quoted as saying on Sunday. The minister indicated that "studies...
EGP 635 mn for Improving Railways
Egypt >> 1/20/2013 - Prime Minister Dr. Hisham Qandil has decided to provide EGP635 million as an urgent financing for developing railway services. He said stringent measures will be taken against negligence of workers ad...
40 Syrian Investors Transfer their Businesses to Egypt
Egypt >> 1/20/2013 - Minister of Industry and Foreign Trade Hatem Saleh disclosed a full-fledged plan to set up a Syrian industrial zone in Egypt. This came after the minister met with 40 Syrian investors who decided to t...
$5.2 bn Qatari Investments to Set up Plants in Egypt
Egypt >> 1/20/2013 - Egyptian and Qatari businessmen agreed in the meeting held in Doha, the United Arab Emirates to consider a number of investment and industrial projects contracts within the coming stage including a me...
Tax Revenues Hit EGP104 bn in six Months
Egypt >> 1/20/2013 - The volume of tax revenues reached LE104 billion between July 2012 and January 2013 with a LE20 billion rise against the same period of 2011/2012, said Head of Egyptian Tax Authority Mamdouh Omar. Oma...

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