News
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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.
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Egypt to hedge oil supply during FY2023/2024, finance minister
Egypt engages directly in the oil derivatives market to lock in supplies, becoming a significant market player. An official revealed that Egypt has purchased hedging contracts covering 35% of its expected oil imports.
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Siemens delivers first of 176 Desiro electric trains in Egypt
These fully electric trains boast a 70 per cent reduction in carbon emissions. according to the rolling stock manufacturer.
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Huawei announces $430 mln 5-year investment plan for North Africa
The Chinese company Huawei Technologies announced its $430 million five-year investment plan, named “Intelligent Future,”.
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Egypt aims to double the number of tourists to reach 30 million by 2028
Egypt's Tourism and Antiquities Minister Ahmed Issa says they are seeking to double the number of tourists in the next five years.
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CBE Governor Discusses with Chinese Counterpart Currency Swap, Panda Bond Issuance
The governor stressed the similarity of views between the two sides regarding the need to enhance joint cooperation.
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Egyptian businessmen, Japanese officials discuss cooperation
It will also boost the transfer and localization of advanced technologies in production and in the fields of research and development to Egypt.
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Egypt Splits Investors Over Default Risk After Devaluations
The market is in disarray in navigating what’s become a once-a-decade crisis in the Arab world’s most populous country.
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Global e-payment giant Visa opens new office in Egypt
Global e-payment giant Visa opened a new office in Egypt to support the country’s digital transformation towards a cashless economy.
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Italy installs six grain storage silos after cancelling $100 mln in debt owed by Egypt
Quaroni explained that $75 million was allocated for a program to develop six advanced technological silos for storing grain in Egypt.
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UK investments in Egypt reached $21.5B, says Trade Minister
Trade exchange rates between Egypt and the UK have recently significantly improved, reaching almost GBP 3.4 billion in 2022.