News
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Suez Canal Revenues Hit 50.9 Billion in 10 Years
The Suez Canal recorded the highest revenue during 2021/2022, valued at $7 billion; a record high of 18.4%, compared to the previous fiscal year.
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Egypt reportedly aims to increase oil exports by 15% in 2023
According to the document, Egypt's oil exports reached $18.2 billion in 2022, a significant rise from $12.9 billion in 2021.
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One Finance, CRIF Egypt team up to boost Egypt’s consumer financing services
This partnership secures access for One Finance to fully use CRIF's wide range of services.
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NBE injects EGP 100m in Irada Microfinance
Amr Abul-Azm, CEO, Managing Director, and founding partner of Irada, expressed his pride in the fruitful cooperation with NBE.
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Dawi Clinics secures $8m for expansion in Egypt
Dawi Clinics, the largest chain of outpatient care in Egypt, has raised EGP 250 million (about $8 million) in funding to support its expansion.
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Egypt's parliament calls for restricting foreign borrowing to very narrow limits
The government should do its best to restrict foreign borrowing to very narrow limits, particularly as high-interest rates are now exerting pressure.
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Ministry of Irrigation, Military Survey Department sign cooperation protocol
The protocol was signed by Khaled Amin, the Chairperson of the ESA, and Mohamed Radwan, the Director of the Military Survey Department.
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IMF Considers Necessity for Egypt to Continue Raising Rates with Caution
Sayeh pointed out that the fund believes that it may be necessary for the central bank to continue raising interest rates.
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Electrolux Group participates in the National Day of Sweden
Electrolux is also playing a good role in supporting the Swedish values through its commitment to sustainability and CSR.
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Saudi Egyptian Industrial Investment to acquire 70% of El Nasr Glass and Crystal Company
This comes in line with Egypt’s economic reforms and its IPO program that aims to raise the contribution of the private sector from 30% to 65%.
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IMF review of Egypt’s reform programme will be based on progress made by the government: Deputy managing director
During her first visit to Egypt, Antoinette Monsio Sayeh, deputy managing director of the International Monetary Fund (IMF), spoke to Al-Ahram.
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The Egyptian International Gas Technology selects ECS & SAP to power their digital transformation journey
The project aims to automate and streamline business processes, while increasing the agility of operations at GASTEC.
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EgyptAir Operates Two New Routes to Manchester, Delhi
EgyptAir announced that it will operate its newest routes to Manchester, starting July, and Delhi, starting August.
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Egypt, Japan enjoy longstanding ties in water resources
Egypt and Japan enjoy longstanding ties in the water resources sphere, affirmed Water Resources and Irrigation Minister Hani Sewilam on Sunday.
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NUCA cooperates with real estate developers to boost sector
The state is keen on continuing the growth of the property sector, as it is one of the most important economic sectors that provide huge job chances.
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Egypt increases gas, LNG exports to Jordan
Egypt’s gas exports to Jordan are set to increase, with the signing of two new agreements on Saturday that facilitate LNG storage and regasification.
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Total financial position of banks in Egyptian market increases to EGP 12.780trn in February 2023
The Central Bank of Egypt (CBE) has revealed that the total financial position of banks operating in the local market, other than the CBE.
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First phase of presidential initiative on detection of cancer kicks off
Health Ministry Spokesman Hossam Abdel Ghaffar said the initiative’s 1st phase covers nine governorates.
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Arab-Chinese cooperation 'valuable' opportunity to lure investment in Arab region: AL chief
Arab League (AL) Secretary General Ahmed Abul Gheit said that the Arab-Chinese cooperation provides a valuable opportunity to lure technology.
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Egypt among MENA's leading countries in social protection
Egypt is leading among countries in the Middle East and North Africa (MENA) in providing social protection programmes.