News
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When will the ‘US dollar gap’ disappear in Egypt?
Prime Minister Mostafa Madbouly reassured investors by talking about investment incentives and the immediate measures taken by the state.
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EBRD provides over $530 mln to Egyptian state banks, equity fund
EBRD provided $532.5 million in soft development financing to two Egyptian state-owned banks and an equity fund.
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Egypt: SODIC eyes $2.59bln sales from new development project
The scheme will be established on two adjacent plots spanning around 440 acres on the northern coast.
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Mashat: Global inflation, economic repercussions upped development requirements
Global inflation and consecutive economic repercussions increased requirements to attain development and reduced the capability to meet growing needs.
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Finance Minister confirms approval of draft law canceling preferential tax treatment for state-owned companies
The draft law will cancel all legal provisions granting preferential treatment to state-owned companies, the PM explained.
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Talaat Mostafa's ICON seeks ‘significant’ stakes in 7 Egyptian state-owned hotels
The seven hotels are owned by the Egyptian General Company For Tourism and Hotels (EGOTH).
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Irrigation minister unveils efforts to sort Ministry assets, remove encroachments
Sweilam had received a report from his assistant for investment Dr Khaled Wassif on measures to maximize benefits from Ministry assets.
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Egypt's cement exports climb 33% YoY in 5 months
Egypt's cement exports grew by 33% during the first five months of 2023, recording $380 million, compared to $286 million during the same period 2022
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Historic’ – Over 7 million tourists visit Egypt in 1st half of 2023, minister announces
Issa thanked and congratulated the private sector, stressing its role in achieving these historic figures.
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Egypt Signed Contracts to Sell State Assets Stakes worth $1.9 Billion
The Egyptian Prime Minister Mostafa Madbouly said that Egypt aims to offer 32 companies within the government offering program.
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Egypt finalizes 1st ship supply service in Sokhna port
The move comes within the SCZone’s 2020-2025 strategy to localize maritime services in affiliated ports.
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Suez Canal Records 64% Increase in crossing yacht tourism in First Half of 2023
Suez Canal Authority (SCA) announced Monday that the increase rate in the number of yachts crossing the canal hit 64 percent in the first half of 2023
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Egypt plans to secure $3 bln in financing through end 2023: Minister
Egypt targets securing $3 billion in financing through the end of 2023 from several external markets to bridge its financing gap.
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PM asserts importance of developing Souq Square in Siwa
The project is part of a national project aimed at upgrading the irrigation and drainage management system in the Siwa Oasis.
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Egypt's Exports Rise by 16% Year-on-year
A unified electronic platform will be launched to operate and liquidate companies, so that dealings will be done electronically.
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Egypt builds more polytechnic universities to address skilled workers shortage
This is one of the factors that hold the populous country from moving upward in the international value chain.
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Egypt: aiBANK joins InstaPay as part of its digital transformation strategy
Offering instant payment services is a strategic move that is part and parcel of our vision to enhance our digital footprint and customer experience.
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Egypt among top 25 countries in IATA Air Global Connectivity Index 2022
The IATA Air Global Connectivity Index for 2022 shows that Egypt has advanced 14 places in the rankings, now ranking 24th among 100 countries.
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Egypt overtakes Nigeria as Africa tech funding slows
Venture capitalists and private equity firms which have flocked to Africa in recent years, are beginning to apply the brakes on invesments.
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Egypt Aims to Increase Proceeds in Dollars to $191 Bln Annually
The government's goals, according to the prime minister, include bringing the value of commodity exports to $88 billion annually.