Trade News
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African officials gather in Egypt to talk mega trade pact
TFTA is to be launched at a summit of heads of state and governments on Wednesday in Sharm El-Sheikh.
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60 days after Sharm El-Sheikh
An outlook on economic reforms a bit after 60 days since the economic summit.
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Economy: World Bank Group President to visit Egypt for first time
Mr Kim will address the question of the important role of the private sector for economic growth in Egypt.
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Egypt business activity steadier in May as employment rises: PMI
An investment conference in March secured tens of billions of dollars in commitments and Egyptians are waiting to see results.
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Reuters More: Reuters Reuters World Merkel tells Egypt's Sisi: death penalty is wrong but let's trade
Merkel told the news conference there were many good reasons for close ties between Germany and Egypt, such as a common interest in achieving security and peace.
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Siemens signs 8 billion euro power deal with Egypt
Siemens said the installations, when completed, would add 16.4 gigawatts (GW) to Egypt's national grid.
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Egypt's railway authority signs deal with military to upgrade 92 crossings
Egypt has seen a rise in deadly train accidents over the past decade mostly caused by an outdated railway system in dire need of renovation.
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BP to pay some exploration costs for UAE's Dana Gas in Egypt
BP will pay for up to $39 million of the cost of Dana's drilling of a first natural gas exploration well.
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HSBC considering financing Egyptian projects: Amr Bahey
HSBC Egypt loan portfolio grew 9% last March, says senior official.
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Egypt’s GDP, exports to see ‘stronger growth’: HSBC
Mahlab noted that the $12.5 billion in pledged deposits and investments by UAE, Saudi Arabia, Kuwait and Oman will be used in development projects.
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Egypt's external debt down to $39.58 bn in Q3 in FY2014/15: CBE
Egypt's gross domestic debt amounted to LE1.9 trillion ($252.3 billion) at the end of December 2014.
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Egypt buys 5 mn tonnes of local wheat, above target
Egypt, the world's largest wheat importer, procured 3.7 million tonnes of local wheat in the 2014 season.
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Egypt remains largest tobacco market in Arab world depsite steps to reduce smoking
In Egypt, the law on tobacco control prohibits smoking in health and education facilities, government venues, sports and social clubs, youth centers, as well as public transport.
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SFD injects $236mln for Egypt's Small, Micro Projects end May
SFD intends to ink new contract worth EGP 100 million with Nasser Social Bank to finance microbus project.
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Egypt, Russia trade exchange reached $5.5 billion in 2014: minister
Bilateral relations between Russia and Egypt have deepened politically, military and economically during El-Sisi's rule.
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Russia, UAE to invest in Egypt economy
The fund’s management held a series of meetings with partners in the region, including ministries and agencies of Egypt, Middle Eastern investment funds as well as Russian companies interested in developing business in the Middle East.
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Egypt: Sisi Review Efforts to Provide Foreign Exchange, Banking Sector Activities
The recent economic decisions and actions have the greatest impact in raising the credit rating of Egypt from "stable" to "positive".
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Automotive market parties establish Egyptian Automotive Council
No one can deny market is divided, council is chance to reunite, says El-Tobgy.
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Egypt's Qalaa says seeing strong foreign interest in asset sales
Over the past six months foreign and local companies have announced their intention to invest tens of billions of dollars in Egypt.
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Abu Dhabi's Gulf Capital says eyes four deals in Egypt
This would be up from $3.5 billion currently.