News
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Egypt's 11-month primary surplus 1.2% of GDP: Finance minister
Egypt's primary budget surplus was 1.2 percent of GDP during the first 11 months of the current fiscal year (FY2022/23), which ends 31 June.
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Egypt's Tourism Min. Holds Talks in Rome to Boost Tourism from Italy
Issa illuminated Egypt's national tourism strategy, underlining the significance of bolstering access to Egypt as a top-tier tourist destination.
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India explores barter trade with economically distressed Egypt during credit line negotiations
an agreement is expected to be unveiled later this month during Indian Prime Minister Narendra Modi's inaugural visit to Egypt.
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Developing and renovating the Alexandria port cost LE 60B: Kamel El Wazir
The inauguration was attended by Defense Minister Mohamed Zaki, Transport Minister Kamel Wazir along other ministers.
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Finance Minister: Egypt mobilizes all capabilities to increase investment
Egypt mobilizes all its capabilities to prop up investment and local production, affirmed Finance Minister Mohamed Maait.
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Flynas celebrates inauguration of the direct route from Jeddah to Sphinx International Airport in Cairo
The new route facilitates the arrival of Umrah performers and visitors between the two brotherly countries.
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Russia, Egypt talk establishing ‘Sun City’ industrial zone over 2,000 hectares worth US$4.6 bn
The UAE President Sheikh Mohammed bin Zayed proposed tripartite cooperation between Russia, Egypt and the UAE.
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Egypt: Orascom Investment Holding records higher consolidated net profits in Q1-23
The company’s operating revenue jumped to $1.22mln in Q1-23.
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Egypt suspends airline SOTO ticket system
The Civil Aviation Authority added that the suspension decision will be applied as of June 15 until further notice.
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Egypt’s central bank auctions $1.27bln debt instruments
The CBE issued another tranche of T-bills amounting to EGP 23 billion which carries a 364-day tenor until 18 June 2024.
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President Sisi Boosts Startups with 5-year Tax Exemption
The government spends between $24 billion to $30 billion annually to bring production requirements for about 150 producers.
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Forbes: Egypt Top 50 Companies Market Value Rises to $30.4 Billion
Net profits fell 8.9% to $4.9 billion, and total assets declined 23.3%, from $142 billion at the end of 2021 to $109.2 billion at the end of 2022.
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Egyptian bank assets rise 14 percent in first three months of 2023
Egyptian bank assets increased by 14 percent to nearly EGP 13 trillion ($420.71 billion) during the first three months of 2023.
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Dabaa nuclear plant project progresses according to schedule
The minister explained that the total installed capacity of renewable energy will reach about 10,000 megawatts by 2025.
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Investment file is Egypt’s top priority during current phase: PM
The investment file is Egypt’s top priority during this stage, affirmed Prime Minister Moustafa Madbouly.
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KSA and Egypt among top 10 destinations for travellers in 2023: Report
Egypt and Saudi Arabia are among the top-ranking traveller destinations in 2023, Mastercard Economics Institute revealed in its Travel Industry Trends
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MCIT Minister discusses investments with Atos, OECD as part of his trip to Paris
This came in line with Talaat's visit to Paris which included holding talks VivaTech head and a number of officials of the government.
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Egypt has 152 investment opportunities in industrial sector that could bridge $20bn trade deficit
There are 152 promising investment opportunities in the industrial sector that could bridge the country’s trade deficit estimated at $20bn.
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Qatar in talks with Egypt to purchase 30% stake in 7 state-owned hotels
Qatar Investment Authority (QIA) is reportedly in talks with Egypt to acquire up to 30 percent of seven state-owned hotels, according to Reuters.
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Egypt’s plans to up its logistical infrastructure and reel in more transit trade
Port Said Port secured the 10th spot out of 348 ports worldwide in the World Bank and S&P Global’s Container Port Performance Index.