News
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Atlas Investment Egypt cuts 2022 consolidated loss by 74.6% YoY
Revenues grew to EGP 21.849 million last year from EGP 14.154 million a year earlier.
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Emigration minister asserts importance youth empowerment
The minister underlined the importance of investment in human capital and building skills of team work.
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Minapharm’s net profits grow 31.36% YoY in 2022
Consolidated revenues amounted to EGP 3.620 billion last year, up from EGP 3.005 billion in 2021.
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Egypt Eyes Highest Primary Surplus of 2.5% in 2023/24 Budget
The minister pointed out that financial allocations for public investments witnessed an unprecedented increase in the new budget.
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Heliopolis Housing’s in Egypt profits leap 234.8% YoY in 6 months
The company’s operating revenues grew to EGP 1.99 billion in the six-month period ended December 31st.
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NBE raises return on 3-year savings certificates
You can access this service from any of the bank’s branches or via internet banking.
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Egypt lowers GDP growth target to 4.1%
Egypt has adjusted its real GDP growth rate target for FY2023/24 down to 4.1%, from the previously targeted 5.5% in December.
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New opening hours for tourist spots across Egypt
The Ministry of Tourism has announced new schedules for cafes, bazaars and other spots with a tourism permit.
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Cabinet approves Egypt’s 2023/24 budget
Minister of Finance Mohamed Maait said that the target growth in the budget was 4.1%.
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Infinix negotiates with TE to provide 4G phones
The company is currently carrying out negotiations with Telecom Egypt (TE) in order to provide the latter with 4G smartphones.
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Egypt’s policy rates seen in negative double-digit for most of 2023
Egypt’s real policy rates are expected to remain in negative double-digit territory for most of 2023.
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Egypt’s Central Bank faces multiple crises
CBE will likely raise interest rates at today’s meeting to curb inflation, which has risen to unprecedented levels in Egypt.
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Greece’s Mytilineos eyes building solar, battery storage projects in Egypt
The company is also mulling over investing in a variety of sectors in the North African country.
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Centamin’s 2030 decarbonisation roadmap focuses largely on Egypt project
Gold miner Centamin has published an interim decarbonisation roadmap to 2030, which targets a 30% reduction in its operational Scope.
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Egypt’s government grants golden licence to BSH Bosch and Beko Group
Egypt’s Cabinet agreed during its weekly meeting on Wednesday to grant the golden licence to BSH Bosch company and Beko Egypt Group.
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Egypt amends controls for pricing of industrial lands
The Egyptian Cabinet approved a draft decision to amend a resolution regarding controls for the management and pricing of industrial lands.
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Malaysia wants palm oil hubs in Egypt, Saudi Arabia: deputy PM
World's second-largest exporter eager to diversify markets amid row with EU.
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Egypt-Australia trade exchange reaches AUD 1bn in FY2022
Australia’s Ambassador to Egypt Axel Wabenhorst has said that the trade exchange between Australia and Egypt reached AUD 1bn in fiscal year 2021/22.
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2.66% decrease in manufacturing, extractive index during January 2023
CAPMAS has updated the index methodology using the base year 2012/2013.
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Aton Resources Completes Drilling at Hamama with 1.38 g/t Au Equivalent, 8.20% Zn
Aton Resources announced that it has completed its recent diamond drilling program at Hamama, located in the Abu Marawat Concession.