Mohsen stressed the need for the government to expand initiatives to support industry and deepen local industrialization.
13.01.2023
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This step paves the way for selling stakes ranging between 20% and 30% in these companies to strategic investors, the sources said.
13.01.2023
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Arab Finance
Commercial International Bank Egypt announced Tuesday, that it would raise the interest on Certificates of Deposit (CDs) for a year and a half.
12.01.2023
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Egypt Independent
Japanese systems and trains will be used as part of the official development aid loan, which has a 40-year repayment horizon.
12.01.2023
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The euro prices also jumped by over EGP 1 to record over EGP 34 at major banks.
12.01.2023
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Ahram Online
The health, interior, foreign, and defence ministries are exempted, as well as agencies tasked with expenditure on subsidised food products and energy
11.01.2023
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Reuters
The gov. will stop spending on new projects that need US dollars and ordering state entities to get approval from the Finance Ministry and the CBE.
11.01.2023
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Daily News Egypt
He pointed out that the new certificates offered by Banque Misr and Al-Ahly Bank, at a rate of 25%, contribute to collecting funds.
11.01.2023
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The report ascribed that to the high inflation that erodes real wages and weighs on domestic consumption.
11.01.2023
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Ahram Online
This issuance comes as part of a short-term EGP 5 billion securitization issuance program over two years.
11.01.2023
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Zawya
The central bank allowed the Egyptian pound to depreciate by about 14.5% on Oct. 27 and let its value continue weakening slowly and incrementally.
11.01.2023
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Marketscreener
In a letter of intent to the IMF dated Nov. 30, the government said it sought the support after the war in Ukraine increased existing vulnerabilities.
11.01.2023
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Zawya
The IMF approved in December a 46-month loan for Egypt under the Fund’s Extended Fund Facility (EFF) to address the impacts of the war in Ukraine.
11.01.2023
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Ahram Online
The transaction was carried out on 1.90mln of the bank’s shares.
11.01.2023
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Zawya
The IMF expected Egypt's economy will grow by 4% in the 2022/2023 current fiscal year (FY), 5.3% in the fiscal year 2023/2024.
11.01.2023
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Egypt Today
The report detailed the main targets and commitments the government has pledged under the four-year programme.
11.01.2023
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Ahram Online
Moving from pledges to finance mitigation and adaptation projects from the repercussions of climate change.
10.01.2023
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The pound extended last week’s devaluation of 9% and fell 1.6% as of 4:22 p.m. in Cairo on Monday.
10.01.2023
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Bloomberg Business
Green projects include manufacture of electric vehicles or those equipped with natural gas, solar energy, green hydrogen, desalination of sea water.
10.01.2023
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The exhibition, opened at Al-Qubba Palace in Cairo on Thursday and runs until Jan. 11, is supervised by the Egyptian Ministry of Social Solidarity.
10.01.2023
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Arab News
