Sunday 26 October 2014
 
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Egypt

Egypt's govt has to deliver growth to survive: minister

Egypt's government has to deliver economic growth to survive and can not let complex laws and bureaucracy discourage foreign investment, the country's investment minister said. Egyptian President Abdel Fattah Al-Sisi, whos

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Egypt considers $1.5bn bond as it repairs economy

Egypt could tap international bond markets to raise up to $1.5 billion next year to shore up its finances and is open to agreeing an International Monetary Fund loan package if needed, Finance Minister Hany Kadry Dimian said on Thursday.

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Egypt's Juhayna set for recovery after ‘difficult year’

Juhayna, Egypt's largest producer of packaged juice and dairy products, expects its profits to recover next year after an increase in the cost of raw materials squeezed margins this year, its chairman said. Safwan Thabet said

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BG in talks to import gas to Egypt from Cyprus

BG Egypt, a subsidiary of global energy company BG held talks to import natural gas from Cyprus, the company said.   The talks in Nicosia between BG Egypt and Cyprus Hydrocarbons (CHC) revolve around

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Egypt eyes illegal buildings for tackling housing crisis

Egypt plans to offer cheap loans for completing apartments in unfinished buildings thrown up illegally across its cities, hoping to tackle a housing crisis that has helped to topple two presidents since 2011. Housing Minister Must

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Egypt will fix economy but don't expect miracles: PM

Egypt's Prime Minister urged the country's citizens not to expect instant results from large-scale infrastructure projects the government has embarked on to create jobs and strengthen the economy. Ibrahim Mehleb faces the monume

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Egyptian developer Sodic to invest $336m in 2015

Sodic, one of Egypt's largest listed real estate developers, plans to invest E£2.4 billion ($336 million) in 2015 and is on the look out for new projects as the sector recovers from three years of turmoil, its managing director said.

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Egypt signs deals with six firms to dredge new Suez Canal

Egypt signed contracts with six international firms on Saturday to carry out dredging of the new Suez Canal, the flagship project in President Abdel Fattah al-Sisi's programme to revive an economy battered by years of political turmoil.

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Egypt govt agrees plan to allow rice exports

Egypt's government has approved plans to allow rice exports, the supplies minister said on Thursday in a move welcomed by traders but carrying terms which could hinder the return of the country's medium-grain rice to the international ma

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Apache expects higher gas prices in Egypt by year-end

US oil and gas producer Apache Corp, one of the largest foreign investors in Egypt, hopes to reach an agreement with Cairo on higher gas prices by the end of the year and is encouraged by what it considers greater government transparency.

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