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Abu Dhabi Commercial Bank – Egypt increases its capital to US$318m
Abu Dhabi Commercial Bank – Egypt (ADCB) has announced increasing its capital to EGP 5 billion (US$318m) from EGP 1.5 billion (US$95.48m).
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US approves $2.56 billion in military sales to Egypt
The sale of 12 C-130 J Super Hercules transports and accompanying equipment is worth $2.2 billion.
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IMF upgrades Egypt’s real GDP growth for 2022 to 5.6%
The International Monetary Fund upgraded Egypt’s real GDP growth by 0.4% in 2022 to 5.6 percent, compared to the fund’s October 2021 projections.
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Egypt announces new travel restrictions
A traveler has to bring a certification of having received a single-dose or two-dose vaccine at least 14 days before arrival.
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Pakistan and Egypt set up a trade working group
The first meeting of the JWG on Trade was held on the side-line of the Pakistan-Egypt Trade Conference by the Ministry of Commerce and Textile.
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Dell launches AI initiative with 5 Egyptian universities
There will be a competition at the end of every academic year for the top 3 student projects in AI applications.
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Egypt’s Fawry for E-payment seeks to list on US stock market
Fawry, which debuted on Cairo’s stock exchange back in 2019, also announced plans to boost its capital by 800 million Egyptian pounds ($51 million).
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Egypt’s debt instrument market gets $970mln investments
These investments in Egypt’s debt instruments reflect the robust rebound of foreign investments in the Egyptian market in 2022.
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Egypt signs oil and petroleum agreements worth $506 million
The agreements are for exploration and production in its eastern desert and western deserts with TransGlobe Energy Corporation and Pharos Energy.
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Korea, Egypt to begin joint study on free trade deal
Moon arrived in Cairo a day earlier, marking the first Korean presidential visit to Egypt in 16 years.
