News
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Egypt’s SCZone, Chinese companies sign $487 million deals in energy, textiles, petrochemicals, bromine in Ain Sokhna
Gamal El Dien said TEDA-Egypt signed an agreement with China's Hidier Group for establishing several projects.
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35 startups shortlisted for 3rd Egypt’s Entrepreneur Awards
A total of 35 startups have been shortlisted across 11 categories for the third edition of the Egypt’s Entrepreneur Awards (EEA).
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Egypt must face reality and reform to build on its success stories
The need is to transform the minority of successful Egyptian companies into an overwhelming majority.
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Is this fashion’s watershed moment in Egypt?
It takes more than glossy runway photos to make fashion a major source of revenue in a relatively young market like Egypt.
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China and Egypt: A flourishing relationship?
China’s role in supporting Egypt’s faltering economy will highly likely encourage China and Egypt’s relationship to prosper for the rest of 2023.
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Egypt’s strategic wheat reserves at 5.9 months
Egypt has strategic reserves of wheat sufficient for 5.9 months.
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NileSat posts 2.8% YoY higher profits in Q1
NileSat is an Egypt-based public shareholding company.
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African Pharmaceutical Technology Foundation receives strong endorsement at AfDB annual meetings in Sharm El-Sheikh
The newly established APTF aims to propel Africa towards the attainment of the United Nations’ Sustainable Development Goals.
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Africa Investment Forum showcases $1.475bn in green energy deals at AfDB 2023 annual meetings
The Africa Investment Forum presented four projects to investors during the 2023 annual meeting of the African Development Bank Group.
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HHD’s profits skyrocket 512.3% YoY in Q1
Heliopolis Housing and Development (HELI) reported a 512.36% year-on-year (YoY) leap in net profits after tax for the first quarter.
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AfDB expects Egypt's GDP growth at 4.8 percent for FY 2023/24
Egypt's GDP growth is expected to increase to 4.8 percent in FY 2023/24, up from 4.4 percent in the current FY, according to the African Economic.
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Bühler commissions first tahini halva processing line at silo foods industries in North Africa
The tahini halva line is part of the second stage at Silo Foods Industries, which was officially opened by Egyptian President.
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Egypt ranks 14th among world's most attractive emerging markets
Egypt ranked 14th among the world's top attractive and trusted emerging markets for foreign investments, ahead of Turkey, Morocco, South Africa.
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ADNOC, TAQA, and Orascom partner to establish a $2.4bn water project
It is also expected to deliver water through over 230 km of distribution pipelines and two pumping stations.
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Egypt sees increased demand for purchasing Gold Investment Fund documents
He explained that the subscription takes place online and by attending the headquarters of the subscription.
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Al-Sisi calls on multilateral finance institutions to reconsider soft loan criteria, conditions
This came in the speech delivered by the President during the opening of the Annual Meetings of the African Development Bank Group in Sharm El-Sheikh.
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Egypt seeking concessional loans to fund healthcare, education & food security programs
Egypt is seeking concessional loans from regional and international development partners to ensure sustainable spending.
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Sovereign Fund of Egypt begins receiving acquisition bids for Wataniya Petroleum
The fund showed strong flexibility in the process of issuing shares, as it replied that there is no maximum limit for selling shares in the company.
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The Star of Egypt Diamond Sold for $3 Mln at Christie’s Auction
Christie’s Geneva Magnificent Jewels sale garnered $45.8 million. It was 94 percent sold by lot, “The Star of Egypt.” a diamond that sold for $3 m.
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Why Hasn’t The United States Eliminated Hepatitis C When Egypt Did So?
Three years ago, Egypt and the United States had approximately the same number of people infected with chronic hepatitis C.