Latest news
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Egypt's gold: From a cultural legacy to an economic shield
Gold continues to play a crucial role, not just as a symbol of wealth but as a strategic financial asset amidst economic uncertainties.
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Why Egypt is Africa's 3rd most attractive investment destination
Egypt has emerged as one of Africa's top investment destinations, ranking third in a recent report by Rand Merchant Bank (RMB).
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5 new ways the government is supporting Egyptian exporters
From immediate cash payments to enhanced cooperation with the banking sector, the measures aim to provide financial support and stability to exporters
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Egypt to open Saudi investment office in Cairo
Egypt is set to open a Saudi investment office at the headquarters of the General Authority for Free Zones and Investment (GAFI) in Cairo this August.
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Egypt to introduce ‘Instagram Filters’ at museums
Fikry said that eight artifacts were carefully selected to reflect the different historical eras of Egyptian civilization, in the central hall.
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Egypt’s T-Vencubator launches new initiative to fund 5 local startups
Egypt-based VC-incubator T-Vencubator has launched its inaugural initiative "Where's the Problem?" to back the Egyptian ecosystem.
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Egypt and EIB discuss bolstering partnership and collaboration in electricity sector
Discussions during the meeting centered on identifying opportunities for collaboration between the ministry and the EIB.
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Egyptian customs releases $44 bln worth of goods since January 2024
The Egyptian Customs Authority (ECA) has released imported goods worth $44 billion from its ports since the start of 2024, the head of the authority.
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Egyptian worker remittances surge in second quarter
The Egyptian pound was set at 30.85 to the dollar at the official rate but traded as low as 74 on the black market.
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Egypt's imports of consumer goods decrease by $7.8 M in May 2024
Egypt's overall imports decreased by 5.1 percent in May 2024 to $7.38 billion from $7.77 billion in the same month of the previous year.
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Economic diplomacy a key to strengthen Egypt position as rising int’l power
Minister of Foreign Affairs Badr Abdelatty said Monday, in a ceremony marking the 100th anniversary of the Egyptian Stock Exchange (EGX).
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Egypt, UAE Discuss Cooperation in Energy Domain
The two countries enjoy advanced infrastructure, especially in the areas of storing and trading oil and petroleum products.
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Egypt plans to set up 2 hydroelectric projects with capacities of up to 2,000MW
The investments in these initiatives are projected to reach $2.5 billion, attributing to the advanced technologies employed.
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Key economic figures of Egypt in FY2023/2024
Minister of Finance Ahmed Kouchouk announced in a press conference on Tuesday key indices and the financial performance FY2023/2024.
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Egypt’s Qardy secures seven-digit pre-Seed
Egypt-based fintech Qardy has raised a USD seven-figure pre-Seed round, invested by White Field Ventures, Vastly Valuable Ventures, along with others.
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Egypt's net foreign assets positive for second month in June
NFAs slid to 626.6 billion Egyptian pounds in June from 676.4 billion pounds as of end-May.
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Egypt’s agricultural exports hit 5.1mln tons in 7 months
Egypt’s agricultural exports reached 5.1 million tons in the first seven months of the year, valued at $3 billion.
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iPhones Are Back in The Egyptian Market
Starting Thursday the First of August, Tradeline is introducing the iPhone 15, which has broken sales records globally.
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EBRD, donors and Crédit Agricole Egypt boost green investments in Egypt
EBRD and GCF boost small businesses and green investments in Egypt, with a US$ 20 million loan to Crédit Agricole Egypt.
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Egypt's growing attraction for hotel groups
Egypt's hospitality sector is experiencing significant growth with Hilton and Radisson expanding their presence.