News
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Germany hands over 40 smuggled artifacts to Egypt
The cultural officer for the Middle East and Africa region at the German Foreign Ministry handed the artifacts to the Egyptian embassy in Berlin.
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Egypt inflation hits all-time high in June, reaching 36.8%
Egypt's headline inflation maintained its upward trend in June, reaching 36.8 percent, compared to 34.8 percent in May, as announced by CAPMAS.
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Egypt’s e-Commerce volume rises to $30 bln: Senior Banker
CEO and Managing Director of United Bank, Ashraf al-Kady said that 72 percent of Egyptians have switched to online shopping using e-cards since 2020.
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Egypt launches 20 mobile tech centers for government services in El-Alamein
The project comes in line with presidential initiatives to better provide accessible government services to the citizens.
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Tourism revenues in Egypt to rise to $14.4 bln: Fitch Solutions
The Fitch Solutions agency issued a report expecting tourism revenues in Egypt to rise to US$14.4 billion in 2023, compared to $13 billion during 2022
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Egypt-based fintech investment platform Exits.me raises $1.25 mln capital
According to a press statement issued on Monday, Exits.me, an Egypt-based fintech investment platform, has grown its total capital to $1.25 million.
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Egypt negotiates with Siemens early delivery of Desiro HC train to be exhibited at TransMEA 2023
The company will be supplying 175 trains, model is Desiro HC and produced by Siemens Mobility.
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Egypt Post partners with Qardy
Online aggregator marketplace Qardy has announced its partnership with Egypt Post to offer SMEs access to financing opportunities in Egypt.
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45 villages in Menoufiya connected with fibre optic cables: Minister
Minister of Communications and Information Technology Amr Talaat reported that 45 villages in Menoufiya have been connected with fibre optic cables.
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SCZONE: We are keen on cooperation with Chinese firms
Abdel-Khalek welcomed the delegation and affirmed the SCZONE’s keenness to cooperate with the Chinese side.
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President Sisi Approves FY 2021-2022 Closing Budgets for Key Sectors
2. This notable move ensures continued government support for these sectors, reinforcing their key roles in Egypt's national development.
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TAQA Arabia’s stock surge by 3900% after first day puzzle
TAQA Arabia’s stock surged by a whopping 3,900 percent to close at a value of EGP 20 per share, up from EGP 0.5, ending a two-day havoc.
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Carrefour opens 1st store in Porto Marina in collaboration with ACAP: Egypt
The new store is strategically located in the heart of the North Coast, at Kilometer 110 on the Alexandria-Marsa Matrouh Road.
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El Molla, US DOE’s Crabtree discuss methane and Carbon reduction co-op
The meeting examined the current efforts between the two countries within international initiatives.
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Israel plans submarine power cable to Europe, Egypt, Gulf countries
Israel’s Energy and Infrastructure Ministry is planning to construct a 150-kilometer submarine cable along the country’s Mediterranean coast.
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Egypt Cabinet to hold press briefing Tuesday to reveal progress on IPO programme
Egypt’s Prime Minister Mostafa Madbouly will hold a press briefing on Tuesday to reveal the progress the government has made on its privatization.
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Cleopatra Hospital sees 1.4% YoY downtick in Q1 consolidated profits: Egypt
Consolidated net profits attributable to the parent company reached EGP 94.592 million in Q1 2023.
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Egypt plans to reduce electricity network loss to 16.83% in FY23/24
The network loss is expected to reach 18.21% for the fiscal year 2022/2023, while the actual loss rate of the FY 2021/2022 was 22.188 percent.
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An Interview with Ibrachy & Dermarkar discussing Cartels in Egypt
Dr Amir Ibrahim is among the few Egyptian experts in the area of competition and economic regulation.
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Sidi Kerir Petrochemicals aims to complete acquisition of Ethydco this quarter
The US dollar exchange rate was calculated at EGP 30.9, so that the fair value of Ethydco in December was about EGP 33.54bn.