News
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Egyptian Financial Regulatory Authority sharpens focus on sustainability with UK banking alliance
The MOU will improve the efficiency of and provide support for Egyptian non-banking financial services markets.
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Raaed Developments launches ROOTS compound in New Sohag with EGP 1.8bn investment
Raaed Developments has announced the launch of its flagship project, ROOTS, in New Sohag, with a total investment of EGP 1.8bn.
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CIB general assembly approves appointing Hisham Ezz Al-Arab as non-executive Chairman
The CIB said then that Ezz Al-Arab will come as a successor to Sherif Sami, who will continue as a non-executive member of the Bank’s Board.
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Tatweer Misr signs MoU with Saudi Arabia to facilitate investment opportunities in Kingdom
The collaboration comes in light of Tatweer Misr’s expansion strategy, which aims to diversify its portfolio of projects.
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Egypt's FRA approves establishment of Malath Consumer Finance Company
The number of customers increased by 86.6 percent, to 765.3 thousand customers by the end of the last quarter of 2022.
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Madaar to invest EGP 5bn in its projects in 2023
He added that the company continues to carry out Azha Sokhna’s construction, after investing billions of Egyptian pounds.
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Iraq renews deal to provide Egypt with 4 mln barrels of crude oil
Cairo and Baghdad signed an agreement in 2016 that enables Egypt to import one million barrels of Iraqi Basra crude every month.
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Khaled Sabry Holding to unveil 56-feddan projects in East Cairo
Khaled Sabry Holding operates in the real estate market with more than 25 years of experience, by working on several real estate projects.
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Antipollution SA to establish subsidiary in Egypt in partnership with Suez Canal Authority
The international waterway had achieved revenues worth $8 billion in 2022, goal for 2023 ranges between $8.6 billion and $9 billion.
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Irrigation minister heads for NY to take part in UN 2023 Water Conference
International water challenges are negatively affecting many world countries topped by the developing countries in Africa.
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UAE, Saudi Arabia and Egypt lead M&A activity in Mideast
UAE and Saudi Arabia witnessed the fastest year-on-year increase in deals, with volumes rising respectively by 9 per cent and 6 per cent.
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IFC's Vice President visits Egypt Monday, discusses private sector's contribution to economy
The IFC has a growing investment portfolio amounting to about $1.5 billion in investment projects in Egypt.
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CBE: Mothers Allowed to Open Accounts for Minor Children
The Central Bank stated that it is working continuously to remove all difficulties or restrictions that may prevent women from obtaining banking.
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Egypt launches new stage of National Strategy for money laundering
The new stage complies with the international standards as regards combating money laundering and terrorism financing.
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CAPMAS: Egyp's Exports to Turkey Surge 32.3%
While the value of Egyptian imports from Turkey amounted to $3.72 billion in 2022, compared to $3.74 billion in 2021, a decrease of 0.7%.
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Egypt launches Financial Technology Solutions Support Center "CORBEH"
The Stock Exchange decided to establish this center within its headquarters in the Smart Village and to provide all the necessary data and resources.
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Queen of Belgium visits monuments of Luxor
Waziri told them about the history of the tomb and the story of its discovery by archaeologist Howard Carter in 1923.
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UAE's National Paints acquires Pachin's shares at LE816M
Pachin shares rose by 4.3 percent, to LE 32.32, in the middle of Sunday's trading, after the approval to publish the purchase offer announcement.
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Small enterprises contribute 43% to GDP, account for over 75% of employment: MSMEDA
The agency supports small enterprises of an innovative nature or that depend on modern technology to activate the role of these projects.
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2.13 % Decrease in Manufacturing, Extractive Index during December 2022
Manufacturing and extractive industries index (excluding crude oil and petroleum products) reached 108.10 during December 2022.