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Cabinet think tank: Corporate bankruptcy up 235 percent

Cabinet think tank: Corporate bankruptcy up 235 percent

Corporate bankruptcy in Egypt rose 235.3 percent during the first five months of 2011, with 57 companies declaring bankruptcy as…
Egypt halts decision requiring visas before travel

Egypt halts decision requiring visas before travel

Egypt's government has frozen a decision requiring tourists and other visitors to apply for visas before arrival in the country,…
Egypt’s stocks drop on Israeli Embassy attack

Egypt’s stocks drop on Israeli Embassy attack

Egypt's benchmark stock index is down slightly over 1 percent, weighed down by investor unease following the storming of the…
G8 to extend Arab Spring financing pledge to US$38 billion

G8 to extend Arab Spring financing pledge to US$38 billion

MARSEILLE, France - Group of Eight finance chiefs gathered in southern France on Saturday will pledge US$38 billion in financing…
Egypt BoP deficit at US$9.2 bln in FY 2011

Egypt BoP deficit at US$9.2 bln in FY 2011

Egypt had a balance of payments deficit of US$9.2 billion in the financial year 2010-11, reversing a surplus of $3.4…
Egypt urban inflation falls to 8.5% in August

Egypt urban inflation falls to 8.5% in August

Egypt's urban consumer inflation was 8.5 percent in the 12 months to August, down from 10.4 percent in July, figures…
Tourism officials blast Egypt’s new visa restrictions

Tourism officials blast Egypt’s new visa restrictions

Two tourism officials have criticized the new government's policy of halting issuing visas for foreign travelers into Egypt. Amr el-Ezzaby,…
Western visitors to Egypt must obtain visas before arrival

Western visitors to Egypt must obtain visas before arrival

Egypt will require visas from all travelers prior to arriving in the country, ending decade-long unrestricted entry for American and…
Egypt expects fiscal year growth up to 3.5%

Egypt expects fiscal year growth up to 3.5%

Egypt's planning minister said on Thursday she expected an economic growth rate of 3 to 3.5 percent in the current…
Egypt says April-June budget deficit US$4.99 billion

Egypt says April-June budget deficit US$4.99 billion

Egypt's budget deficit fell to 29.8 billion Egyptian pounds (US$4.99 billion) in the April to June quarter from 31.6 billion…
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