News
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CBE auctions EGP 39.5 bln in T-bills to fund budget deficit
The Central Bank of Egypt (CBE) auctioned on Thursday treasury bills (T-bills) worth EGP 39.5 billion ($1.28 billion) on Thursday.
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Egypt: Mopco to pay dividend for 2022
Eligible shareholders will receive the dividend on 14 May 2023, according to a bourse disclosure.
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Egypt's planning minister, OECD secretary-general discuss cooperation
The minister presented progress on the country program’s five pillars that are inclusive and sustainable economic growth.
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Egypt: Minapharm Pharmaceuticals’ shareholders nod to 2022 dividends
The ordinary general meeting (OGM) approved the announced dividends on 26 April 2023, according to a bourse disclosure.
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Egyptian discount retailer Kazyon attracts $165 mln investment from Int'l consortium
The Cairo-based Kazyon, founded in 2014, is a giant discount retailer selling basic food commodities at affordable prices.
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Egyptian Customs Authority Sets Gold Limit at 150 Grams per Passenger
This comes in light of the gold price hikes in Egypt, which are significantly higher than the international prices of gold.
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Egypt: Sidpec announces 2022 cash dividends
Sidpec will pay out EGP 0.50 per share on 17 May, while the remaining EGP 0.40 will be disbursed on 4 October 2023.
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EBRD approves new $100 mln loan for Banque Misr to finance MSMEs
In March, the EBRD’s Vice President for Banking Alain Pilloux told Ahram Online that the bank is projected to invest over $1.4 billion in Egypt.
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Egypt approves 250 million euro loan for Alexandria metro project
The first will be implemented in October, and includes relying on the current Abu Qir railway line from Abu Qir to the Misr station for 22Kms.
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Egypt allocates LE10B to support tourism sector within productive sectors initiative
The Prime Minister affirmed the government's commitment to work towards achieving the targets of the new budget.
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Egypt's hotel occupancy grows 25% in Q1 2023
Sharm El-Sheikh’s hotels occupancy hit 55%, 65% in Hurghada, Marsa Alam 70%, 80% in Luxor and Aswan, and 85% in Cairo.
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43% of electronics consumers in Egypt give names to their smart devices
Moreover, 88% of users in the region feel sympathy for their devices if they are damaged, dropped, or broken.
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Egypt discussing $80 mln pharmaceutical raw materials project with Indian investors
Egyptian government announced that talks are underway with local and Indian investors launching projects to manufacture pharmaceutical raw material.
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Trade exchange bet. Egypt, African markets hits $2.117B in Q1 of 2023
Egyptian exports to the continent amounted to $1.611 billion, and Egyptian imports from the continent amounted to $506 million.
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Egypt soybean imports decline sharply
The report showed that soybean imports from October through February stood at 880,000 tonnes, down 62% compared to the same period in 2021-22.
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Maait: Allocations for health sector in new budget meet constitution requirements
Maait said the health sector tops presidential priorities that focus on providing good healthcare services.
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Egypt may need tighter monetary policy to tackle inflation: IMF regional report
Egypt and Tunisia increased interest rates consistent with their historical norms and less than the emerging market and developing economy benchmark.
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Egypt: Al Fanar’s OGM nods to bonus shares distribution
Al Fanar is an Egypt-based company, operating within general contracting, construction, trade, import, and export.
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76.4% percentage of patents granted to Egyptians by Egyptian Patent Office in 2022
Number of applications submitted for trademarks reached (30423) in 2022, compared to (36955) applications in 2021, a decrease by17.7%.
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EGX participates in Building African Financial Markets (BAFM) Conference
As a keynote speaker, El-Dokany presented EGX’s vision of carbon markets especially after the establishment of EGX’s VCM during COP27.