Monthly Archives: December 2013

3.6 mln Egyptians are entrepreneurially active: GEM

The main motive of early stage entrepreneurs in Egypt is necessity, as about 3.6 million Egyptians are early stage entrepreneurially active, of which 1.4 million are nascent entrepreneurs, 2.2 million are owners of new firms, and 1.9 million are owners … Continue reading

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#Egypt to partake in investment in #Kuwait on Wednesday

A high-level Egyptian delegation grouping Planning Minister Ashraf el-Arabi and Investment Minister Osama Saleh arrived in Kuwait Tuesday 10/12/2013 on a few days’ visit to attend Arab investment talks. The ministers will represent Egypt at the “Arab Investment Meeting (AIM): … Continue reading

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Mobile internet use increased 7 % in #Egypt in 2013

Mobile Internet use is on the rise in Egypt, as a new Nielsen Internet profiling survey revealed that 23 percent of Internet users access the Web using mobile devices, up 7 percentage points from a year ago. “Internet on the … Continue reading

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#Egypt sees 19% rise in tax revenues in first half of FY2013/2014

Egypt’s tax revenues reached LE80.3 billion ($11.7 billion) for the period July to December 10th 2013, indicating a 19 percent increase from the same period in the previous year, according to the ministry of finance, citing Mamduh Omar, head of … Continue reading

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#Egypt’s foreign minister: Invest, invest, invest!

Egypt is on track for increased political stability, making it a good opportunity for potential investors, Egypt’s foreign minister Nabil Fahmy told CNBC. Since Egypt’s first democratically elected president, Mohammad Morsi, was toppled by the army in July this year, … Continue reading

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#Egypt’s bourse rallies on rate cut and constitution; most #Gulf shares up

Egypt’s bourse rallied 2.4 percent on Sunday as a draft constitution gained traction and an interest rate cut boosted sentiment, while most Gulf shares also rose. Egypt’s Nour Party, the second-largest Islamist political group, said it would support a new … Continue reading

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Egyptian #fashion e-commerce startup looks to Eureeca for funding

For the first time, Dubai-based equity crowdinvestment platform Eureeca is hosting a campaign launched by an Egyptian entrepreneur. Noha El-Shazly launched Opendayz in April 2012, as an e-commerce site that helps local fashion businesses sell their products online. After graduating … Continue reading

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