News
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QNB Al Ahli to offer EGP 2 bln mortgage finance to Egypt's low- and middle-income groups
Egypt’s Social Housing and Mortgage Finance Fund (SHMFF) signed a protocol with QNB Al Ahli, the Egyptian arm of the Qatari QNB Group.
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Investments in Egypt's oil & gas sector in 2014-2023 amounts to LE1.2T
Between 2014 and 2023, the Egyptian government invested LE1.2 trillion in the oil and gas sector, evidenced by completed projects worth LE844.2bn and others in-progress worth LE344bn.
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Egypt's Railway Authority Announces Discounted Subscriptions for Students
The Railway Authority announced discounted subscriptions at nominal prices on the (3rd air-conditioned - 3rd ventilated - Long Live Egypt) trains.
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Visa, CIB launch She's Next programme to empower women in Egypt
Visa has a new cooperation with Commercial International Bank (CIB) to launch the She's Next programme to empower women-owned businesses in Egypt.
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Egypt celebrates success of house, road-building programs
Egypt has spent millions of dollars on new urban communities over the past nine years, its housing minister said on Sunday.
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Up to 17 million Egyptians receive electricity for less than a quarter of its price: President Sisi
President Abdel Fattah al-Sisi stated 17 million Egyptians receive electricity at significantly subsidized rates.
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President Sisi urges investors to support 150 key projects in Egypt
Egypt's President Abdel-Fattah El-Sisi has invited Egyptian and foreign investors to invest in a list of about 150 projects identified and prioritized
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GAFI to Launch New Silver License to Support Egyptian Startups
Egypt's GAFI plans to introduce a new Silver License by year's end to facilitate business activities for startups and younger firms, following the earlier launch of the Golden Licenses.
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24 Japanese companies visit Egypt’s SCZone exploring green fuel investments
A delegation of 24 Japanese companies has visited the Suez Canal Economic Zone (SCZone) to explore renewable energy investment opportunities.
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TNA revolutionises potato product supply for the Egyptian Army
TNA has delivered two cutting-edge complete production lines for potato products. Specifically designed for Hash Browns and Rosti.
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Bourse Prepares to Launch Digital Registry for EGX-Listed Companies’ IR Officers
The Egyptian Exchange (EGX) is organizing a digital registry for IR officers of EGX-listed firms. Registration commencement post successful interviews, tests and bourse training.
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Egyptian importers call for expanding food export bans amid price increases
As Egypt’s three-month ban on onion exports comes into effect on Sunday, importers have asked for stronger measures to control prices.
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Egypt Targets 7-8% Sustainable Annual Growth
The minister remarked that Egypt aims to boost private sector investments from 36 percent to 65 percent of the overall investments by 2030.
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Telecom Egypt to connect the Red Sea with Medusa system
Telecom Egypt signed an agreement with the Medusa Submarine Cable System to extend the Mediterranean network to the Red Sea by the end of 2025.
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GAFI, UAE-South African consortium partner to establish financial hub in New Administrative Capital
GAFI in partnership with a UAE and South African consortium is set to establish a financial hub in the New Administrative Capital, fostering a business-friendly environment and attracting more investments.
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Egypt to save $3.5 bln annually from power cuts: El-Sisi
Egypt could save EGP 108 billion ($3.49 billion) annually through the daily power-cut plan that commenced in July, President Abdel-Fattah El-Sisi said
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Egypt: Edita unveils $45mln loan from IFC
Edita will use the financing to boost its working capital as well as capital expenditure in Egypt and Morocco.
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ValU set to expand fintech services to Jordan in early 2024
Fintech services provider valU announced it is planning to expand into Jordan in early 2024, the company said in a statement on Sunday.
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CBE Deputy Governor Meets Swiss Delegation to Foster Economic Relations
Ramy Abul Naga, the Deputy Governor of the Central Bank of Egypt (CBE), recently hosted a Swiss delegation, highlighting Egypt's economic reform program and future collaborations.
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Currency exchange between Egypt, China and UAE to start in 2024
The swap agreement means that Egypt will obtain a dollar as the dirham is an oil currency that is convertible to other currencies such as the dollar.