News
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The Egyptian price enigma: What's behind the rising costs?
With media reporting that the new iPhone will soon be released in Egypt at a price of EGP 100,000 per device.
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Egypt grows as an investment gateway to Africa
Hussein Abaza, CEO of Commercial International Bank, sheds light on Egypt’s strategic position as a trade and investment gateway to Africa, spotlighting Egypt's economic transformation plan.
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Egypt buys 170,000 tons of European wheat despite drop in Russian prices | Hellenic Shipping News Worldwide
European wheat has continued its winning streak in Egyptian tenders as an unofficial price floor has weighed on Russian wheat’s competitiveness.
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Load reduction measures will continue indefinitely, Egypt's Electricity Ministry confirms
Egypt's Electricity Ministry reveals indefinite continuation of load reduction measures. No set date for ending the outages.
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Egypt plans subsea solar energy exports to Europe
With the proposed Egypt-Greece Interconnector, Egypt reaffirms plans to provide solar energy to Europe, subsequently aiming to reduce Europe's fossil fuel dependence.
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Egypt's FDI inflows rise 10% in FY2022/23: GAFI chairman
Egypt recorded a 10 percent increase year-on-year in foreign direct investment (FDI) inflows by the end of FY2022/23.
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ABK-Egypt Recognized as Fastest Growing Bank in Egypt for 2023
Al-Ahli Bank of Kuwait – Egypt (ABK-Egypt) has been honored as the Fastest Growing Bank in Egypt for 2023 by International Business Magazine.
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Saudi Public Investment Fund eyes stake in Palm Hills Development
Saudi Public Investment Fund (PIF) in talks with Arab African International Bank to acquire a significant stake in Palm Hills Development, an eminent real estate company in Egypt.
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PM: State made unprecedented achievements over more than 9 years
Egyptian Prime Minister, Mostafa Madbouly, asserts that the state has achieved remarkable growth in various sectors in the past nine years.
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Egypt, UAE sign trade agreement swapping EGP 42 billion for 5 billion AED
The Central Bank of Egypt (CBE) signed a trade agreement with the Central Bank of the UAE (CBUAE) that involves swapping EGP 42 billion for AED 5 bln.
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UNDP signs MoU with Microsoft Egypt
UNDP in Egypt and Microsoft Egypt have signed a MoU to cooperate on sustainable development and digital innovation, aiming to enhance skills for future jobs, empower women and girls, and mitigate climate change effects.
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Egypt imports 200k tons of raw sugar: Supply minister
Egypt's Minister of Supply and Internal Trade Ali Moselhi announced Wednesday the import of 200,000 tons of raw sugar.
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World Bank Finances 14 Projects Worth $6.9 Billion in Egypt
The World Bank Group is investing $6.9 billion in Egypt's development through 14 diverse sector projects, implementing the new 2023-2027 Country Strategy.
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AUC Press to release first ever biography on Sir Magdi Yacoub
In this first authorized biography of its kind, British journalists Simon Pearson and Fiona Gorman document the life of Yacoub.
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Egypt wins Platinium Award in Digital Health Leadership in Arab World
This comes within the framework of the golden initiative launched by the Arab Hospitals Federation.
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Egypt Advances Three Spots in Global Innovation Index 2023
Egypt’s ranking has advanced significantly in the Global Innovation Index in the last four years.
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Egyptian steel titan Ezz Dekheila re-buys listed shares for nearly EGP 8.7 bln
Al Ezz Dekheila Steel Alexandria, Egypt's biggest steel manufacturer, has bought 6.95 million of its listed shares from shareholders for EGP 8.69 bln.
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Egypt signs €54M debt swap agreement with Germany to boost energy sector
Egypt targets a 42 percent boost in its renewable energy mix by 2030 with a €54M debt swap agreement with Germany. The move accelerates previous plans set for 2035.
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Chexim extends an $400M additional loan to Egypt's LRT project
The LRT project, initiated by the government in 2014, aims to establish a modern transit system connecting Cairo with urban and industrial communities
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USAID, ITIDA graduate 3rd cohort of Startups Accelerator Programme in Egypt
The United States Agency for International Development (USAID) has celebrated the graduation of 23 Egyptian startups from the third cohort of its Startups Accelerator Programme in Egypt.