Trade News
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Kuwait fund to lend Egypt $1.5 bln over next five years
The fund is the Kuwaiti government's agency for aiding developing countries in areas such as agriculture, transport and energy.
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Egypt's CIB board asks management to consider making offer for Citigroup retail ops
CIB said last month that Citigroup had opened its books for a due diligence process.
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Egypt to receive Gulf deposits in two weeks: Minister
Egypt's net international reserves stood at $15.5 billion at the end of February.
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Egypt’s budget deficit up 50.5 percent
The deficit reached LE 186BN during July-February 2014/2015, compared to LE123.6 billion during July-February 2013/2014.
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Egypt’s non-oil private sector remains in contraction in March: HSBC
HSBC released a survey on Sunday and the outlook is negative.
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Four Egyptian alliances participate in Tanweer initiative
The EGP 300m worth initiative aims to provide computers to teachers and employees of the ministry of education as a first phase.
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Eitesal SMEs plan to conquer Arab markets
ICT sector contributed EGP 66bn to Egypt's GNP in 2014.
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Egypt to begin LNG imports as floating terminal arrives
Hoegh signed a five-year contract with Egypt in November 2014 to provide the import terminal and the country has since agreed to a number of LNG import deals.
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Obama Ends Freeze On U.S. Military Aid To Egypt
Obama directed the release of 12 Lockheed Martin F-16 aircraft, 20 Boeing Harpoon missiles, and up to 125 M1A1 Abrams tank kits to Egypt.
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UAE's Aabar, Arabtec said to eye more Egypt investments
Aabar last year bought a stake in Cairo-based Palm Hills Developments. Arabtec is also involved in a large housing project in Egypt.
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Egypt adds name to join China-backed AIIB investment bank
China welcomes the application and if the process goes smoothly Egypt will become a member on April 14.
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German-Egyptian trade exchange hits 4.4bn euros
Around 900 German firms operate in Egypt
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UAE stock exchanges are most attractive to Egyptian investor community
The Egyptian arm of Dubai’s largest listed real estate developer Emaar Properties, filed a formal request in February to list its shares in Egypt’s bourse.
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Evolution talks with Egypt billionaire
Gold prices are flat in 2015, hovering around $US1200 an ounce, and down $US100 from a year ago.
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Egyptian Chambers of Commerce to follow up on Economic conference
FEDCOC establishes joint working units with countries and investors to pursue EEDC agreements.
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3% of GDP in 2016/2017 budget to go to health, 6% to education: Dimian
Government targets 4.5%-5% economic growth in proposed FY 2015/2016 budget.
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‘Doing Business with Latin America’ conference launched
Sharm El-Sheikh Economic Summit showed how much Egypt can cooperate with Mexico and Latin American states: Fuentes
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Egypt sending team to explore Kenya opportunities
Negotiations ongoing about a Kenyan trade fair in Cairo to promote various Kenyan products and deepen trade ties between the two countries.
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Egyptian president orders new bonds issued for Suez project
The decree, issued Monday, did not say how much funding was sought.
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Egypt, Ethiopia, Sudan sign GERD declaration
The Declaration of Principles is foundation upon which Ethiopia will build agreement with Egypt and Sudan, says Ethiopian Prime Minister