Service News
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IFC plans up to $2 bln investment in Egyptian infrastructure, power
IFC plans to contribute between $300 million and $500 million per year over the next four years in different sectors, but mainly infrastructure and energy.
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Egypt-based Sawari Ventures to close $50 mln fund to new investors by year-end
The fund opened last month at an international investment conference in the Red Sea resort of Sharm el-Sheikh where Egypt signed deals worth $36 billion.
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World Bank approves $400 mn for two Egyptian social schemes
Takaful (Solidarity) and Karama (Dignity) target impoverished families to help with youth education and the elderly respectively.
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Moody’s expects Egypt economy to grow 4.5% by June 2015: Finance Minister
Non-banking financial activities witnessed significant growth last year, 2015 indicators are promising, says Mehleb.
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Kuwait fund to lend Egypt $1.5 bln over next five years
The fund is the Kuwaiti government's agency for aiding developing countries in areas such as agriculture, transport and energy.
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Egypt to receive Gulf deposits in two weeks: Minister
Egypt's net international reserves stood at $15.5 billion at the end of February.
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Egypt’s budget deficit up 50.5 percent
The deficit reached LE 186BN during July-February 2014/2015, compared to LE123.6 billion during July-February 2013/2014.
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Egypt's stock market to close on April 12-13 for Easter, Sham El-Nessim
April 12 and 13 mark the Eastern Easter holiday and the beginning of spring.
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Egypt’s non-oil private sector remains in contraction in March: HSBC
HSBC released a survey on Sunday and the outlook is negative.
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The Arab social media influencers award honours Nafham
Nafham is a free online K-12 platform specifically for educational purposes.
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Ghabbour Auto and Cisco Join Forces to Drive ICT Education in Egypt
Egypt’s Leading Automotive Assembler and Distributor Calls on Cisco to deploy the latest Network Infrastructure Technology Solutions and to deliver free ICT Skills Training.
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Egyptian Chambers of Commerce to follow up on Economic conference
FEDCOC establishes joint working units with countries and investors to pursue EEDC agreements.
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Egyptian president orders new bonds issued for Suez project
The decree, issued Monday, did not say how much funding was sought.
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KSA, Egypt to curb customs’ violations
The agreement demands that the customs authorities provide a number of documents that would facilitate customs clearance on goods and exchanged commodities.
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Aspire Woman and Aspire Khan celebrate the International Woman’s Day
Aspire Woman is a multi-year initiative aiming to empower 25,000, train 5000, and create job opportunities for 1000 young women.
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Egypt's Sawiris to diversify Orascom, invest $500 million in Egypt
Sawiris said Orascom Telecom would diversify into new sectors including infrastructure, logistics and energy projects alongside its core business.
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Egypt listed for EBRD trade investment drive
Increasing trade will contribute to the overall economic growth in North Africa and the Arab countries.
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Egypt: No Black Market in Currencies in Egypt - Central Bank Governor
The central bank has offered a "more flexible" exchange rate and policy and has enforced a set of technical rules which have completely eliminated the unofficial currency market.
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Egypt: Prime Minister Lays Out Egypt's Plan for Economic Reform
Larger space for private sector, developing human resources and creating a healthy atmosphere for investments are among the reforms.
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Sisi to inaugurate Egypt Economic Development Conference Friday
Prime Minister Ibrahim Mahlab will hold a press conference Friday afternoon to demonstrate the timeline and activities of the conference.