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New Administrative Capital company to name int’l IPO advisor in 3Q of 2024

Abbas estimated the ACUD assets at around EGP 300 billion. Their value is expected to triple following the liberalization of the local currency.

Egypt collects US$12 billion in revenues from Ras al-Hikma

The nation’s economic and financial performance is improving, he assured, adding that “we expect better indicators than the target by the end of June.

Egypt to increase value of industrial investments by 10% during 2024

The goal is to reach a minimum of $3.6 billion, surpassing the $3.3 billion recorded in 2023.

CBE receives offers worth $1.117bn for USD-denominated T-bill auction

This auction, announced by the CBE on Monday, has a total value of $980m and is set to mature on 29 April 2025.

Unification of FX in Egypt will attract Emirati, Saudi FDI: UAE-based Freezoner CEO

The recent unification of the foreign exchange rate in Egypt will contribute to attracting more foreign direct investments into the country.

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Seamless North Africa 02.07.2024

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