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Digital agriculture competition launches in Egypt
Digital agriculture can help with major issues in agriculture like water usage and production limitations for Egypt's agriculture sector.
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Telecom Egypt gets profits from Vodafone earnings
WE owns 45% of Vodafone Egypt while Vodafone International owns 55%.It received EGP 2 billion that disbursed last March.
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Egypt's economy riding high on $354.8bn project pipeline
A major event for the building sector, The Big 5 Construct Egypt will be back on June 26 and run until June 29.
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Lenovo acquires 31.8% of Egypt’s market share
Lenovo Egypt maintained the highest market share for the fourth consecutive quarter, amounting to 31.8% during Q4 of the fiscal year (FY) 2020/2021.
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Egypt Takes on Sukuk
Egypt is getting ready to offer its first sovereign bonds (Sukuk), almost the first of its kind for the country, following parliament’s approval.
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Egypt, UAE central banks ink MoU
According to the MoU, the two central banks will cooperate in fields of licenses & the ownership structures of the licensed financial institutions.
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Philippines in talks with Egypt to open up market
The focus is on future cooperation for the promotion of products such as desiccated coconut, bananas (fresh and dried), and coconut oil.
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Egypt is growing exports
Egyptian exports have significantly increased since the beginning of this year amid expectations of further growth.
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edtech iSchool secures $160K investment
iSchool aims to help students master artificial intelligence (AI) programming, software development, robotics, big data, and multimedia.
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Egypt aims to vaccinate 40% of population by end-2021
By the end of Wednesday, 2.5 million people will have been vaccinated from a total of 6 million people who signed up on the government's registration.
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Egypt starting point for Russian business in Africa
Egypt working on plans to strengthen mutual relations with most African countries through the implementation of huge projects.
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Egypt's economy grows 2.9% in Q3-20/21
The country is projected to achieve 5.2-5.5% economic growth in Q4 of FY20/21, the minister noted.
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NBE receives $100 mln from EBRD
NBE will on-lend the funds to SMEs operating in the sectors of industry, commerce and agriculture to help improve the use of energy, water and land.
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7 facts about DX4SW software initiative
Egypt’s Information Technology Industry Development Agency (ITIDA) launched a new initiative for Software companies in Egypt to go global.
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Egypt’s shift to green economy in FY 2021/22 is ‘priority’
The plan also addresses the issue of the transition to a green economy with a focus on environmental improvement initiatives, El-Said added.
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Almentor closes $6.5 mln Series B
In 2016, Almentor closed a $3.5 million seed round and two years ago raised $4.5 million Series A led by Egypt’s Sawari Ventures.
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Egypt bets on ancient finds to pull tourism
Officials are betting that the new ancient discoveries will set it apart in the mid-and post-pandemic tourism market.
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Egypt lifts price of subsidised vegetable oils
Egypt's strategic supplies of vegetable oils were sufficient to last five months, the ministry said in a statement.
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Egypt, UN launch roadmap for strategic partnership
The roadmap aims to organise the stages of preparing the new framework for the strategic partnership in a practical and elaborate manner.
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New Holiday Inn in Assiut Asayla
With a strategic location, the power of IHG’s scale and resources, and their well-known signature hospitality, the hotel will be a great success.
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Egypt, IMF agree on $5.2 billion release
The IMF had also loaned Egypt a $2.8 billion emergency loan in 2020 to face the consequences of the pandemic.
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Flatlabs6 closes $13.2m fund
Launched in 2011, Flat6Labs is a regional seed accelerator with offices in Egypt and Tunisia. They invest in more than 100 startups across Egypt.
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NSK reduces machine tool quadrant glitches
In sectors such as mould and toolmaking, manufacturers demand ever-higher levels of accuracy and surface finish.
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Some banks report good results in Q1
The net profit at Al Baraka Bank – Egypt increased by 2% in Q1 of 2021 compared to Q1 of 2020, and by 108% compared to Q4 of 2020, recording EGP 269m.
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Egyptian business tycoon Ahmed Bahgat passes away
Ahmed Bahgat established the first residential community in the 6th of October City, then established the largest amusement park in the Middle East.
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Telda announces $5M pre-seed
A newly launched digital bank, Telda, is announcing a $5 million pre-seed round to digitize how Egyptians save, send and spend money.
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Egypt: Expanding export capacities
Al-Ahram Weekly reports on suggested changes in Egypt’s export-support programme.
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Egypt, AfDB ink €145 mln for railway
Under the agreement, Egypt’s Railway Authority's main lines will be extended with 953 km controlled by the European Train Control System (ETCS-L1).
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Egypt’s e-payments transactions at EGP 37bn
e-payments to suppliers, state worker salaries record EGP 628bn, EGP 377bn respectively. Total of 13.5 million transactions worth EGP 37bn.
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Bosta raises $6.7M to expand e-commerce delivery
Egypt, one of the most active e-commerce countries in the region, is anticipated to grow 33% annually to reach $3 billion by 2022.
