Spare-Parts News
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Egypt pays $670m debt to creditors
The latest payment would have further shrunk Egypt’s total foreign debt, which dropped to $39.9 billion in the 3rd quarter from $45.29 last year.
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Egypt's pound steady after earlier depreciation
Egypt's central bank held the Egyptian pound steady at 7.73 pounds to the dollar at a regular forex auction.
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Egypt's domestic debt surpasses two trillion pounds
The central bank statement showed that the balance of bonds and bills reached about 1.7 trillion pounds for the third quarter, which ended in March.
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$520m increase in Egypt’s foreign exchange reserves in June
Reserves were supported by government-issued dollar bonds in the international markets during June.
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Egypt suspends all cotton imports to protect local market
The decision comes shortly after the Egyptian government lifted cotton subsidies completely at the beginning of 2015.
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Ministry of Tourism sets cost of participating in 3 international exhibitions at €2,500
The three exhibitions will be held in Germany, Russia, and Spain, since 72% of the annual tourist flow to Egypt is from Europe.
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Egypt's central bank governor says pound depreciation not worrying
Ramz: There is nothing to worry about from the dollar's rise. This is a normal movement. It only moved 2.5 percent and this happens in many markets.
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IMPORT & EXPORT Trading company
Golden Horse Golden Horse Trading Company is Young aspiring Trading Comapny Established on 5th May 2002 it's acts as Principal in Most Trading
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Business activity expands in June for first time in five months
The PMI survey showed that the private sector grew in June, however, inflation and currency depreciation remain a concern.
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Egypt’s economy grows by 3% in Q3 of 2014/2015
Egypt’s new budget for FY 2015/2016 projects economic growth at about five percent, compared to a projected 4.2 percent during FY 2014/2015.
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Egypt restricts GDR deals to pounds for local investors
Foreign investors who often use GDRs traded in London and New York to gain exposure to stocks on the Egyptian bourse are not expected to be affected.
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Cairo receives 290 natural gas-fuelled buses
Ukrainian company provides seven-year guarantee for spare parts and maintenance during warranty period, says El-Saeed.
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Interview: Egypt's market offers chances, challenges to Chinese investors: chief of key China firm
The magnitude of manufacture and infrastructure projects offers great opportunities to Chinese investors.
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Slums make up 40% of Egypt's urban areas: Official
Eradicating' slums from Egypt could cost up to LE250 billion, says ministry official.
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Egypt drops to 47th in brand ranking in 2014/2015: Bloom Consulting
Significant decline noted in country’s online performance.
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Developments around Egypt's ports and Suez Canal
The paper highlights and analyses the importance of the most significant mega projects currently underway around Egypt's ports and Suez Canal.
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Egypt's draft budget slows fiscal reform, a credit negative: Moody's
The government also targets a debt-to-GDP ratio of 80-85 percent by FY 2018/19 after soaring to 97 percent in FY 2013/14 on the back of Gulf aid.
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Egypt to host 3rd session of Arab European business summit in November
He added that the summit aims to integrate Arab and European investors with international companies, technology exporters and modern management ways.
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National Bank of Egypt picks banks for potential benchmark bond
The Egyptian government returned to the international debt market this month after a five-year hiatus due to political and economic instability.