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20 Oct 2014

Deutsche Bank plans to allocate $35 m in grants to Egypt -minister

Deutsche Bank intends to allocate $35 million in grants to Egypt within a total of $150 earmarked for Africa, according to Minister of Investment Ashraf Salman.


During a meeting held on Sunday with Sebastian Caulfield , Deutsche Bank’s Board of Directors member responsible for the investment portfolio, Salman"......

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20 Oct 2014

Emirati company Al-Sweiden to invest over LE40 bln in Egypt

Emirati firm Al-Sweiden Holding Company is seeking to construct a commerce and shopping district close to the Suez Canal axis, the Ministry of Supply and Internal Trade announced on Sunday.


This"...

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20 Oct 2014

Price rises to kill fertiliser black market: Agriculture Minister

Minister of Agriculture Adel El-Beltagy described the recent governmental decision to increase the price of fertilisers to EGP 2,000 per tonne will tackle the black market.


The price rise from EGP 1,500 per tonne is also part of a move to protect fertiliser producers threatened with bankruptcy.


"......

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20 Oct 2014

Export Council to set up Egyptian products exhibition in Uganda

The Egyptian Export Council will set up an exhibition for Egyptian products in the Ugandan capital, Kampala, in March 2015.


The move comes as part of a Ministry of Foreign Affairs initiative to establish a free trade zone between the two countries.


"......

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20 Oct 2014

First phase of Arabtec housing project to start before year-end

UAE-based construction company Arabtec said it will commence with the first phase of its project building 1 million residential units before the end of 2014, the company said on Sunday.


Arabtec"...

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20 Oct 2014

REUTERS SUMMIT-Egypt planning minister calls for legal review, 'economic revolution'

Egypt needs an "economic revolution" to recover from damage caused by political instability as it seeks to attract billions of dollars in foreign investment and repair its state finances, planning minister Ashraf al-Arabi said.


The"......

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20 Oct 2014

Moody's raises Egypt's outlook to stable on political stability, improved growth

Moody's raised Egypt's credit ratings outlook to stable from negative on Monday, citing a more stable political and security situation and signs of economic recovery.


It"......

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20 Oct 2014

Israel's Tamar Partners Sign Letter of Intent with Egypt's Dolphinus Holdings

Israel’s Tamar Partners have signed a letter of intent (LoI) with Egypt’s Dolphinus Holdings Limited to supply five billion cubic meters (bcm) of natural gas, Delek Group, one of the partners in Tamar field, said on Sunday.


Dolphinus"......

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20 Oct 2014

Egypt signs pacts to dredge new Suez Canal

Egypt has signed contracts with six international firms on Saturday to carry out dredging of the new Suez Canal, the flagship project in President Abdel Fattah Al-Sisi’s programme to revive the economy.

The companies are National Marine Dredging Company of the United Arab Emirates; Royal Boskalis Westminster and Van Oord, both based in the Netherlands;...

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20 Oct 2014

Egypt's natural gas exports down 86% y-o-y in August

Natural gas exports continue to drop as more production is used to meet Egypt's rising electricity demands.

Egypt's exports of natural gas in August witnessed an 86 percent drop compared to the corresponding month of the previous year, the state-run Information and Decision Support Centre (IDSC) reported on Sunday.

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