Finance News
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Is Blockchain failing?
Maersk stops blockchain, Bitcoin often illegal, Tim Berners-Lee against Web3, Twitter allows lies, Google punishes lies.
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Egypt to witness 2.7% increase in remittance flows for 2022
The report said that this development may reflect a rebalancing of flows among host countries and regions.
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Middle East startups on a fund-raising spree
The UAE-based fintech startup Qashio raised $10 million in a seed funding round using equity and non-equity investments.
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Egypt approves $271mln financing agreement with ADF
The financing will further help support the economic growth programme by raising agricultural productivity and sustainability.
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CBE grants preliminary approval to launch prepaid card Takka
Receiving CBE’s preliminary approval to launch Takka reflects confidence in ADIB-Egypt and ADI-Consumer Finance’s compelling brand portfolio.
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Egypt's economy is good despite all global challenges
The Minister stressed that the Egyptian economy is diversified, and the business climate is attractive to increase domestic and foreign investments.
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Saudi Arabia extends term for $5 bln deposit in Egypt's c.bank
Gulf states have deposited at least $13 billion with Egypt's central bank to support its economy so far this year.
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Market rebounds to health
The Egyptian stock market has been doing healthy business since October’s devaluation, reports Sherine Abdel-Razek.
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500 Global COO Courtney Powell views Egypt as strong market for new start-ups
The global investor has joined up with Egyptian government to start programmes that will support about 200 start-ups and 60 accelerators.
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Egypt’s economy expected to achieve 5% growth in FY2022/23
El-Sisi instructed to continue conducting deep studies of the global economic situation and how it reflects on the Egyptian economy and development.
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Kuwait extends maturity of $2 bln deposits to one year
The deposits were due to mature in April 2022.
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New exchange offers Egypt another way to import wheat
With grain markets disrupted this year by fluctuating prices and the war in Ukraine, Egypt's GASC has been diversifying its purchasing methods.
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Start: Egypt initiative supporting local industry
Egypt has taken great steps that qualify it to localize local industries and even attract foreign investments for manufacturing directly within it.
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Egypt’s CBE launches financial inclusion strategy for 2022-25
CBE launched its financial inclusion strategy for 2022-2025 that sets key objectives and priorities for creating financial inclusion in the country.
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HD Bank’s consolidated profits jump 26% in 9M-22
The consolidated financial statements of the Housing and Development Bank (HD Bank) indicated a 26.40% growth in the bank’s net profits.
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What you need to know about Egypt’s NWFE programme
NWFE aims to achieve sustainable, low-emission development, and enhance scientific research and technology transfers in the climate change field.
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World Bank allocates $1.8 billion to Egypt's sustainable cities
The funds will support 33 projects in the areas of green economy, energy efficiency and green mobility, as well as the development of green spaces.
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World Bank discusses new cooperation phase with Egypt
Shaker noted that the strategic relations between Egypt and the World Bank bolstered the country’s efforts for transformation towards a green economy.
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Egypt signs deals worth EGP 10 billion for financing green projects
Egypt signed a number of partnership agreements and letters of intent (LOI) worth around EGP 10 billion with development partners last week.
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Agricultural Bank of Egypt issues first eco-friendly credit card
The card was designed and produced in cooperation with VISA, G+D and i-Finance and is environmentally friendly.