Trade News
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Egypt Slides in Overall Ranking of Annual Doing Business 2016 Report
The country's overall ranking out of 189 countries fell to 131, losing five positions compared to last year.
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Economists divided on Central Bank of Egypt's next interest rate decision
Five economists talked to by Ahram Online differ on the CBE's next step regarding its key policy interest rate.
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Egypt's economic woes persist beyond monetary measures
Despite that Egypt's official reserves stand at around $16 bn, little is owned by the government, pointing to the depth of ongoing economic problems.
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Egypt's trade deficit rises 39% to $4.4bn in July
Egyptian factories also slowed down production with some plants completely halted due to energy shortages as Egypt has become a net oil importer.
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Egypt's Suez Canal revenues fall in September
Economists and shippers said increased traffic and revenues the government promised would require acceleration in global trade that seems unlikely.
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Egypt's Sisi on maiden India visit this week
He will discuss boosting economic cooperation between the two countries and increasing investment in Egypt especially in the new Suez Canal project.
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Application of sustainability enables Egypt’s economy to attract $20bn
Omran says conference is not luxury but rather means to think outside the box, since waiting for market challenges to end is not an option.
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Egypt begins feasibility study of Nile Basin countries’ navigation lane
The cost of the project is expected to exceed $10 billion. It is scheduled to be partially operational by 2017.
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World Bank, AfDB reaffirm commitment to boost Egypt economy
World Bank and African Development Bank delegation met Prime Minister Ismail to reaffirm commitment to cooperate in reviving the country's economy.
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End gag on foreign businesses, Egypt’s CB told
The union sent to Al-Sisi a memorandum highlighting the problems facing industry, trade and investment resulting from monetary policies.
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Russia to outfit Egypt’s Mistral ‘tin can’ warships
Russian Helicopters is prepared to supply $1 billion worth of equipment and aircraft for Egypt’s Mistral helicopter carriers.
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Egypt’s July-August budget deficit at 2.4 percent of GDP
The Egyptian government is expecting a budget deficit of 8.9 percent (EGP 251 bn) for the entire fiscal year which will end next June.
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Global Automotive Foams Market 2015 Industry Trend Price Demand and Forecast to 2020
The report gives a detailed overview of the key segments in the market.
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Dollar price will not affect imports
Egypt’s dollar resources likely to increase, launching bonds in international markets under review not cancelled, says Dimian.
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Egypt needs private sector role in projects
The Egyptian minister said that Egypt spent $22bn in public private participation in infrastructure (PPI) from 1990 to 2014, in the MENA region.
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Foreign exchange pressures on Egypt likely to continue for years
The flexible policy recommended is bringing the currency exchange rate closer to the local currency's real value determined by strength of economy.
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Egypt vying to lure foreign capital weakens pound to record
The pound fell to 8.0301 per dollar in the official interbank market after declining by similar amount at a central bank currency sale to local lend.
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Egypt's Suez Canal revenues 'driven down by slowing global economy'
Despite the opening of the Suez Canal expansion, revenues from the watercourse dropped in August relative to the previous year.
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Egypt devalues pound for third time this year
The pound weakend by 1.3 percent to just under 8 against the dollar.
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Egypt tycoon’s party makes case for free market economy
Najeeb Sawiris’ party seeks to scrap subsidies that have ‘slowed economic growth’.