Monthly Archives: January 2013

#Stock market value up LE2.8 bn Thursday

The local stock market made some gains on Thursday from yesterday’s session, with the main EGX30 index up .55 percent. The index saw around 25,000 transactions with a trading value of more than LE448 million by the end of trading … Continue reading

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News Analysis: #Egypt’s economy overburdened by ongoing violence

Egypt’s recent bloody clashes between allegedly anti-government protesters and security men sharply affected the tourism sector, crippled production cycle and added more pressure on the ailing economy through rising budget deficit and declining revenues and foreign reserves in the turmoil- … Continue reading

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#Egypt pounds slides, worries about #IMF loan weigh

Egypt’s pound weakened further against the dollar at the central bank’s foreign exchange auction on Tuesday on worries that turmoil on the streets could further delay a long-awaited IMF loan. At Tuesday’s foreign exchange auction, the central bank set a … Continue reading

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#Mursi says sees #Egypt economy growing 5.5 % in 2014

Egypt’s President Mohamed Mursi said during a visit to Germany on Wednesday that he hoped for economic growth of 5.5 percent next year and of between 7 and 8 percent in subsequent years. Mursi, whose one-day visit to Berlin is … Continue reading

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#Egypt’s Cabinet raises pensions, moves to protect #investors

Egyptian Prime Minister Hisham Qandil announced Wednesday a series of government measures aimed at promoting social justice and creating an attractive environment in the country for investors. “The Cabinet issued a decision to increase public sector pension rates to 20 … Continue reading

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#Egypt works to finalize policies before #IMF return

Egypt is working to finalize its economic reform program before inviting the International Monetary Fund (IMF) to Cairo to finalize a vital $4.8 billion loan deal, the finance minister said on Thursday. The loan agreement – seen as vital to … Continue reading

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Business, Entrepreneurship and Innovation

In post-revolution Egypt, entrepreneurship and innovation hold the key to economic growth and prosperity. Members of the AUC community, including faculty, students and alumni, are actively participating in creating a new culture and support network for entrepreneurship through mentorship, local … Continue reading

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