Egypt Gets Help for its Logistics Center Project
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Egypt Gets Help for its Logistics Center Project

Egypt plans to create a massive global logistics center in Damietta to handle and store grain and other food commodities. Several countries are joining in the efforts and investing in the 15-billion pound project. The logistics center is supposed to increase the annual capacity of food commodity trading in Egypt by triple and benefit several…

Dubai Seeks Sweeter Manufacturing Deals Outside the Oil Industry
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Dubai Seeks Sweeter Manufacturing Deals Outside the Oil Industry

According to a recent Gulf News report, “Dubai FDI, the investment development agency in the Department of Economic Development (DED) has assisted one more multinational move to Dubai for broader market access and expansion with Lindt & Sprungli, the famous Swiss manufacturer of premium chocolates, establishing its representative office in the emirate.”

Egyptian Economy Inexplicably Stable During Widespread Violence and Protests
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Egyptian Economy Inexplicably Stable During Widespread Violence and Protests

Economists are trying to understand how Egypt’s economy is remaining so stable, even as the death toll from recent violence surpassed the 1,000 mark in six days. The violence began June 30 after the ousting of Islam President Mohamed Mursi, a member of the Muslim Brotherhood. The new military government is struggling to keep industries…