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Economy
- Service : English
- Category : Economy
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693 flights to be launched to tourist destinations during new year
Date: 2013-12-18 10:44:24 GMT - Egypt - Economy - SN:29 - ID:448247
As many as 693 additional and regular flights will be operated to Sharm el-Sheikh, Hurghada, Luxor and Aswan between December 20 and January 11, 2014, said Chairman & CEO of EgyptAir Holding Company Captain Hossam Kamal Wednesday. Coordination ....
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Board of Real estate tax authority workers fund to be reshuffled
Date: 2013-12-18 10:38:05 GMT - Egypt - Economy - SN:25 - ID:448228
The board of the Workers' Fund of the Egyptian Real Estate Tax Authority will be reshuffled with a high possibility that its statute will be also amended to cope with current economic and social changes, according to a statement by the Manpower ....
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World Bank receives $52 Billion in aid to poorest countries
Date: 2013-12-18 10:25:16 GMT - USA - Economy - SN:22 - ID:448192
the World Bank said it received a record amount estimated $52 Billion in financing over the next three years for the fund for the poorest countries. In a statement, the bank added a global coalition of developed and developing countries today ....
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Egyptian gov. to pump in new stimulus package worth EGP 30 bln- minister
Date: 2013-12-17 19:39:16 GMT - Egypt - Economy - SN:52 - ID:447522
The government plans to pump in a new stimulus package worth EGP 30 billion to spur the economy, finance minister announced Tuesday. Ahmed Galal's remarks came in a speech before the French Chamber of Commerce in Cairo. The minister said ....
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Domestic liquidity up 3 percent: CBE
Date: 2013-12-17 18:06:12 GMT - Egypt - Economy - SN:44 - ID:447379
The Central Bank of Egypt said on Tuesday that the total domestic liquidity hit 13,350 billion pounds at the end of September, with an increase of 38 billion pounds, or 3 percent. The bank deposits in local currency with the CBE rose by 10.9 ....
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EGX index up 1.15%
Date: 2013-12-17 15:16:42 GMT - Egypt - Economy - SN:38 - ID:446813
Egyptian Exchange (EGX) indexes moved closer to levels prior to the January 25 Revolution Tuesday prompted by intensive purchases by Egyptian and Arab investors optimistic about a popular consensus about the new constitution. The market capital ....
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Minister of Oil signs oil exploration agreement with two German companies
Date: 2013-12-17 12:55:41 GMT - Egypt - Economy - SN:26 - ID:444964
Minister of Oil and Mineral Resources Sherif Ismail on Tuesday signed an agreement with two German companies for oil and gas exploration in the Gulf of Suez at investment costs of about 22 million dollars. The agreement comes within the framework ....
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Tourism flow to Egypt increases during November
Date: 2013-12-17 12:45:18 GMT - Egypt - Economy - SN:23 - ID:444743
Tourism Minister Hisham Zaazou said Tuesday that the flow of tourists to Egypt increased during November compared to the previous two months. As many as 573,000 tourists visited Egypt in November rising from October during which 562,000 tourists ....
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Investment minister lays foundation stone of commercial complex in West Somed
Date: 2013-12-16 18:04:38 GMT - Egypt - Economy - SN:60 - ID:443584
Minister of Investment Ossama Saleh on Monday laid the foundation stone of a commercial complex in West Somed area in 6th of the October City at costs amounting to 52 million EGP. The project includes warehouses and a supermarket on an area of ....
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Egypt bourse declines on Arab, foreign sales
Date: 2013-12-16 17:25:43 GMT - Egypt - Economy - SN:41 - ID:443491
The Egyptian Exchange (EGX) indexes went down at the close of trading on Monday due to the continued sales by foreign investors, joined by Arab investors. The market capital lost about 900 million pounds to reach 418.3 billion pounds, after ....
