News
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Magdi Yacoub Heart Foundation and Mercedes-Benz Egypt join forces
Magdi Yacoub Heart Foundation and Mercedes-Benz Egypt join forces to establish the new global heart centre in 6th of October.
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Egypt and UN sign Sustainable Development Cooperation Framework
Egypt’s government had signed a five-year partnership agreement (2018-2022) with the UNPDF.
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Will gold prices in Egypt continue to rise?
The price of gold has now risen in Egypt to follow its daily ups and downs more than once during the one-day dealings in the previous days.
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The World Bank’s new strategic partnership with Egypt through 2027
The World Bank (WB) is among the international partners that Egypt relies on to bridge its $17 billion financing gap through FY2025/26.
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Conflict in Ukraine affects commodity prices, says Egypt's Finance Minister
He acknowledged the strain on the government's finances brought on by global inflation, which has raised interest rates everywhere, including in Egypt
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Bango, TPAY, and Etisalat Egypt launch Direct Carrier Billing with Google
This partnership provides Etisalat customers the ability to pay for in-app purchases and services subscriptions through their mobile number.
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Egypt is lowering oil prices by 15%
CAPMAS reported that crude oil exports fell by 58.8% to reach $243 billion, compared to $590 million during the same period in 2022.
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Egypt is accepting bids for Safi, Wataniya in May: Prime Minister
Saad stated that major consortiums of Egyptian and foreign entities are among the contenders for Safi and Wataniya.
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Egypt starts implementation of silicon production project in New Alamein
As per the feasibility study of the project, the value of the final product from the first phase is estimated to stand at $340 per ton.
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Proparco, a French firm, invests $5 million in Egypt’s fintech sector
DisrupTech Ventures wants to give seed funding to up to 28 startups, with a main focus on those that offer services related to financial technology.
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Egypt revises up budget deficit estimate to 6.9% of GDP in FY2023/24
Egypt expects to attain a 4.1 percent real GDP growth in FY2023/2024 and a primary surplus of 2.5 percent of the GDP.
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Private sector to launch green bonds worth $200M: Planning Minister
The planning minister stressed that the private sector plays a decisive role in supporting the development of a comprehensive and resilient economy.
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Europe- Egypt Energy Interconnectivity Event: Together Towards a Sustainable Energy Action
This will benefit the economy of Egypt and Europe alike, but it will also benefit the climate in an efficient and sustainable way.
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Trains to operate on Cairo-Matrouh line ahead of summer season
Cairo-Marsa Matrouh line will accommodate crowds of vacationers during the summer, amid efforts to revitalize domestic tourism.
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Ryanair To Expand Operations to Egypt, Jordan, Israel and Morocco
Ryanair is set to ramp up its operations in the Mediterranean to include Egypt, according to boss Michael O’Leary.
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Egypt's GAFI wins 1st place in MENA at AIM 2023 Global Awards for 5th consecutive year
The GAFI chairman and the Emirati ambassador also discussed establishing partnerships in African markets to capitalize on trade agreements.
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Finance Minister: Committed to achieving goals of current fiscal year
The Finance Ministry was able to maintain a primary surplus of 1.3 percent for five consecutive years that ended last June.
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Egypt: Talaat Moustafa Group announces $65.2mln contracted sales in Q1-23
Revenues enlarged by 29% to EGP 19.87 billion in 2022 from EGP 15.34 billion a year earlier.
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The Sovereign Fund of Egypt acquires 49% in El-Ezaby Pharmacy
El-Ezaby will utilize the investment to increase its branch count to almost 600.
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Egypt’s investment plan for FY23/24 focuses on human development and private sector
Kamali reviewed the features of the economic and social development plan FY23/24.