Monthly Archives: December 2012

#Entej Works to Connect #Egypt_Entrepreneurship_Ecosystem

What do you do when you come up with a great project idea? Of course, you start looking for partners and team members, probably through social media networks such as LinkedIn, Facebook and Twitter. You might email friends who are … Continue reading

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Rebel economy wrap, #Egypt’s New #Central_Bank Governor – #Hisham_Ramez

The sky is not falling, yet. While Egypt’s Central Bank Governor’s resignation now appears final, it does not mean that the pound is imminently going to undergo devaluation. But it does raise questions about how monetary policy may change in … Continue reading

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Retreat for #Egyptian_stocks

Egyptian stocks fell yesterday for the first time in four days as concern that the government would fail to revive economic growth overshadowed initial results showing a draft constitution won approval. Palm Hills Developments, a developer of luxury homes, tumbled … Continue reading

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#Egyptian_banks bring in dollars from abroad to meet local demand

Egyptian banks have resorted to drawing on balances from abroad to meeting the growing domestic demand for US currency in the face of a local dollar shortage. This increased demand has negatively impacted the value of the Egyptian pound, leading … Continue reading

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#US supports #Egyptian_entrepreneurs to attend #Global_Entrepreneurship_Summit

A delegation of Egyptian entrepreneurs, academics, and government representatives participated in last week’s third annual Global Entrepreneurship Summit in Dubai, United Arab Emirates (U.A.E.), jointly hosted by the U.A.E. and United States (U.S.) governments. Since President Obama elevated entrepreneurship as … Continue reading

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Korean #Rotem wins bid for revitalising metro line

The head of the National Authority for Tunnels (NAT), Ata Al-Sherbini, announced that the Korean company Rotem has recently won a bid to provide 20 air-conditioned trains for Cairo’s Marg-Helwan metro line at a cost of EGP 2.16bn. The project … Continue reading

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#USA urges #Egypt, #IMF to ’quickly’ reach loan deal

The US Department of State tells Ahram Online they urge Egypt and the International Monetary Fund (IMF) to come to an agreement ‘as soon as possible’ to free up the postponed $4.8 billion loan. The United States urged Egypt and … Continue reading

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