News
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Beko Egypt on track to open $100mln home appliances factory in Egypt in Q4
Günel outlined Beko Egypt's ambitious plans to deepen localisation and make Egypt a global export hub for household appliances.
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Azimut Egypt set to launch sovereign-bonds investment fund for Egyptian expats
Azimut Egypt is considering launching an investment fund for Egyptian expats to attract subscriptions in foreign currency.
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Egypt: El Ahram for Printing’s losses widen 247 % YoY in H1
Net sales dropped 43.67% YoY
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Egyptian Bonds Seize Biggest Gains in Emerging Markets after Rate Hike
The bonds due in February 2026 increased about 0.9 cents on the dollar to 53.4, snapping its biggest gain since July 14.
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Egyptian Banks to Raise Rates to 19.5% following CBE's Decision
The interest rate on the platinum certificate with a variable return offered through the NBE is expected to increase from 18.5% to 19.5%.
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Egyptian Ezz Dekheila Steel seeks loans to compensate shareholders after delisting
Al Ezz Dekheila Steel Alexandria, Egypt's biggest steel manufacturer, is seeking syndicated loans in foreign currency.
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TMG partners with Emirati ADNEC to partially acquire several Egyptian state-run hotels
The seven hotels are owned by the Egyptian General Company For Tourism and Hotels (EGOTH).
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Irrigation minister reviews efforts to upgrade northern lakes
Irrigation Minister Hany Sweilam met Sunday with senior officials at his Ministry to review projects and studies.
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Egyptian Cabinet issues report on progress rate of railways development
The start is with train engines as 130 out of 260 planned new units entered service, 61 out of 400 designated train engines have been rehabilitated.
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Egypt receives 600 kg of duty-free gold in 3 months
Travelers to Egypt have brought around 600 kilograms of gold from abroad under a national decree exempting gold from customs duties.
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Fine Hygienic Holding aims to increase its investments in Egypt to $185m
Fine Hygienic Holding, affiliated to Nuqul Group, aims to increase its investments in Egypt to $185m next year, compared to about $178m currently.
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Ibnsina Pharma tops Egypt’s drug distributors in H1 with market share of 24%
In June, the company topped the list of drug distribution companies in Egypt, with a market share of 25.31%.
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Egypt's Eastern Company likely to increase tobacco prices by 17% annually over 5 years
Egypt's largest tobacco producer Eastern Company is expected to raise prices by 16.9 percent annually through FY2027/2028.
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Indian embassy in Cairo organizes event for tourism promotion
In a statement on Sunday, the embassy said India is one of the oldest civilizations in the world and it is famous for many tourist attractions.
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Egypt's foreign exchange reserves rise by $72M in July
Foreign currencies in Egypt’s foreign reserves include the U.S. dollar, euro, Australian dollar, Japanese yen and Chinese yuan.
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Egypt extends deadline for gold mining exploration bid in Eastern Desert until November
Egypt's state-owned Shalateen Mineral Resources Company (SMRC) has decided to extend its bid round until 9 November.
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Suez Canal makes all-time high returns worth $9.4 billion in 2022/23
Head of the Suez Canal Authority Osama Rabie has said the canal made all-time high returns worth $9.4 billion in the fiscal year 2022/2023.
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Egypt's Suez Canal Economic Zone to establish own investment company
The Suez Canal Economic Zone (SCZone) will launch an investment company named SCZone Istithmar Company after receiving approval from the Cabinet.
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Egypt, Turkey propose signing industrial cooperation MoU
The MoU should include exchanging technical expertise and providing technical training, pre-university and university education.
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Egypt bolsters its competitiveness in green hydrogen field
This came during the fourth edition of the round table meeting held on green hydrogen industry in Egypt.