Spare-Parts News
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Egypt Central Bank Keeps Benchmark Interest Rate Unchanged
Egypt’s annual urban inflation accelerated to 11.5 percent in March from 10.6 percent a month earlier, while core inflation stood at 7.21 percent.
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Egypt receives $6 bln from Saudi Arabia, UAE, Kuwait: cenbanker
Saudi Arabia, Kuwait, the UAE and Oman jointly pledged $12.5 billion in aid, investments and central bank deposits at a March investment conference in Egypt's resort town of Sharm el-Sheikh.
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Egypt to launch new grain storage system next week: Minister
The government signed an agreement with Blumberg Grains in December to replace 93 local wheat barns with food security technology and systems at a cost of $28 million.
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Egypt’s Railway Authority’s 2015/2016 budget may reach EGP 12.8bn
The investment plan will be the authority’s largest and would focus on the much-needed revamping of run down facilities.
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Egypt requests new $ 300m World Bank loan for health sector
Egypt will receive loan in May and loan repayment period will be between 25-30 years, says Kouchouk.
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Egypt's foodmaker Edita signs $12 mln contracts with Hostess Brands
CEO: Edita is targeting sales of more than 2.5 billion Egyptian pounds in 2015.
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Egypt to issue Eurobond by end of May: minister
Aiming to raise $2bn to help reduce the state budget deficit, Egypt's government will issue international bonds starting at the end of next month
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Egypt central bank to hold rates after inflation pick-up -survey
Critically low foreign currency reserves and a fluctuating exchange rate have also dogged the Egyptian economy since a 2011 uprising.
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Egypt's GASC buys 300,000 tonnes of wheat
Minister of Supplies had said stock of wheat is enough till the end of May.
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Egypt to impose 8 pct import tariff on steel rebar
Egypt's major steelmakers had petitioned the government to impose anti-dumping measures on rebar and wire rod imports.
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EU supports post-Sharm El-Sheikh investments in Egypt
The plan includes promotion rounds in Milan, Greece and Barcelona.
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Notorious conman reveals holes in Egyptian investment market
Imposing a tax on financial documents owned by the investment funds, even if they are not sold, places a burden on these funds, HC Securities Deputy Chairman says.
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IMF says Egypt’s measures against currency parallel market ‘welcome’
The pound stabilized against the dollar on the parallel market as it was changing hands at 7.62 EGP per dollar.
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Egypt: FM Meets Hungarian Economy Minister
The meeting took up means of promoting tourism, economic, trade and investment cooperation.
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Egypt, Sudan to Open Qastal Port 30 April
President Abdel Fattah Al-Sisi stressed the importance of cooperation with Africa.
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Hungary, Egypt sign tourism agreement
According to Varga the agreement would aid exchanges between businesses, experts and the two states in general.
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Kuwait deposits $2b in Central Bank of Egypt
Four Gulf countries pledged a total of $12.5 billion in fresh support for the Egyptian economy.
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IMF upgrades outlook for Egypt’s economic growth to 4% in 2015
This upgrade was the first positive step from the most reserved rating agency since the January 25 Revolution in 2011.
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Egypt’s AIIB membership approved
Final decision for approving Egypt’s membership was in hands of bank’s approved members.
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Orascom Development Holding records $37.01m net profits in 2014
The group had accumulated losses worth $171.3m in 2013.