Latest news
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Egypt's banking sector achieves LE 626.6B surplus in net foreign assets
Notably, May's surplus was the first since January 2022 when a surplus of EGP 9.674 billion was noted.
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SAIB Bank supports fintech startups, entrepreneurship
SAIB Bank has been actively supporting companies in the Egyptian market, including One Order, Aalnota, and Waseela.
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EFG Hermes ONE rebrands
EFG Hermes ONE offers the Egyptian market's pioneering licensed e-KYC digital onboarding process.
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11 main objectives of Egypt's national initiative 'Ebdaa'
The initiative aims to rely on local products and reduce imports, by enhancing the role of the national private sector.
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Egypt has huge capabilities in medical tourism field
Advisor to Health Minister Mohamed Gad said that Egypt has huge capabilities in the field of medical tourism.
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Egyptian consortium seal $660 mln deal to establish Alexandria Supply Chain Company
The project will be implemented with 100 percent Egyptian capital with investments reaching $660 million.
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Saudi Arabia to Deepen Investments in Egypt
Saudi Investment Minister Khalid Al-Falih announced the kingdom’s intention to escalate investments from the Public Investment Fund (PIF) in Egypt.
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Are Renewables an Answer to Egypt's Energy Crisis?
The immediate priority has been to keep the lights on as it urgently seeks new gas import options while pursuing an upstream drive.
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IBAG partners with Banque Du Caire to increase Egyptian expats’ remittances
This partnership aims to attract new customers from many social segments to support the financial inclusion initiative.
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Power cuts are set to return to Egypt starting September 15
Egyptian Minister of Electricity, Mahmoud Essmat, affirmed that the load shedding plan, which was suspended on July 20.
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English Shard Capital considers $7 bln petrochemical project in Egypt
The Ministry of Petroleum and Mineral Resources stated that the English company Shard Capital proposed building a petrochemical complex.
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Radisson Hotel Group launches new Cairo Heliopolis location
Radisson Hotel Group expands in Egypt with the opening of new Cairo Heliopolis Residences, offering modern luxury.
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Egypt Receives Third Tranche from IMF worth $820 Million
The International Monetary Fund announced the completion of a review that allows Egypt to withdraw $820 million.
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6 things you need to know about Egypt's Ostwal deal
The announcement of India's Ostwal Group planning to build a $300 million fertilizer plant in Egypt has garnered significant attention.
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How boycotts are boosting local brands in Egypt
Recent boycott campaigns in Egypt, driven by solidarity with Gaza, have had a significant impact on global brands.
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5 ways AI is getting better
Three companies have presented new large language models this week. And Google's DeepMind has just won the silver medal at the Maths Olympiad IMO.
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Metro and Train ticket prices increase in Egypt
The latest prices come soon after a 10-15 percent increase in ticket prices for buses, microbuses, and taxis announced earlier on Thursday.
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New Alamein City at full capacity as festival draws crowds
The New Alamein Festival is proving a success, with hotel occupancy rates in the city reaching 100 percent until the end of August.
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Revitalizing Egypt's cotton industry
Recent discussions between key government officials have underscored the urgency and strategic importance of this initiative.
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The top countries exporting the most tourists to Egypt
The CEO of the Egyptian Tourism Authority Amr al-Kady announced an increase in tourists coming from England, Holland, Saudi Arabia and China.