News
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Grand Egyptian Museum offers guided tours in limited areas
The Grand Egyptian Museum (GEM) started offering a limited number of guided tours in some areas, as of Wednesday, March 8, 2023.
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Arab countries' investments in Egypt rose to $2.67B by end of September
The investments of the United Arab Emirates recorded about $837.6 million at the end of the first quarter.
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Roche signs MoU with AUC to support the development of the public healthcare sector in Egypt
The MoU focuses on three key areas: external education through patient association groups (PAGs), research and development, and capacity building.
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UAE, Germany, Egypt sign $34bln deal for hydrogen project in Mauritania
The project will have a production capacity of up to 8 million tonnes of ammonia or other hydrogen-based end products annually.
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IDSC: Egypt is one of best emerging markets globally
Egypt came 21st globally out of 50 emerging economies, with a score of 5.06, at the level of the main measures of the index.
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Brazilians rank Egypt 2nd top tourist destination
Egypt has gained strength among Brazilians in recent months, and it is really a very exciting country for those who want to explore a new culture.
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Egypt's central bank releases terms of EGP 150 bln loan to agricultural, industrial sectors
The initiative supports large and medium-sized enterprises as well as the large, medium, and small-sized businesses operating under their umbrella.
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Egyptian nationality shall be granted to foreigners in return for minimum of $250,000
The Official Gazette published the decision of Prime Minister Mostafa Madbouly, on granting the Egyptian nationality to foreigners.
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Schneider Electric carries out digital transformation plans in Egypt’s petroleum sector
The plans come within the framework of a project to develop the petroleum sector, which will contribute to boosting the efficiency of operations.
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Egyptian banks approve withdrawal fees, commissions on credit cards
Commissions when withdrawing cash from the purchases card, at a rate ranging from 2 to 5% percent of the value of the money withdrawn.
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Rabbit launches bulk business ‘Gomla’
Market data indicates that bulk buying is set to evolve into an EGP 5bn market by 2024, sustained by inflation and high prices.
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President al-Sisi asserts importance of best optimizing state-owned assets
The objective is maximizing the national resources and positively contribute to achieving comprehensive development plans.
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Austin and Sisi reaffirm US-Egypt military ties: Egyptian presidency
Sisi highlighted “Egypt's eagerness to strengthen its strategic partnership with the United States” particularly in military and security cooperation.
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Egypt’s grain imports from Russia reach $334.3 mln in November 2022
Egypt’s imports of Russian grain topped the list of Egypt’s imports from Russia during November 2022, it added.
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Egypt, UAE seal deal to establish factory to produce RUP syringes
The plant should be established over a total area of 6,400 square meters and should produce about 150 to 240 million units annually.
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How long will Egyptians fast in Ramadan?
There is just over ten days to go for the start of the holy Muslim month of Ramadan, which begins this year on March 23.
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Suez Canal adds LE 41.29B to Egypt's treasury in 6 months
Egypt's revenues from the tax on the profits of the Suez Canal amounted to about LE 23.97 billion during (July-December 2022).
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UAE food group Agthia considers Egypt as export hub
The company aims to unlock the potential there to see how they can build Egypt as an export hub as well.
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Beneficiaries of 'Your Idea Your Company' initiative amounts to 120K: GAFI chairman
The attendees included the representatives of the Information Technology Industry Development Agency (ITIDA), USAID, Microsoft and AUC.
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Egypt’s foreign debt falls from $155.7 bln to $154.9 bln in 1Q 2022/2023: CBE
The total debt services during the 1Q of FY2022/2023 inched down to $4.7 billion, compared to $6.2 billion registered in the 1Q of FY2021/2022.