News
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After HoggPool incident, Egypt's Central Bank issues warning about electronic platforms
The HoggPool platform, launched in August 2022, withdrew millions of pounds from hundreds of users in exchange for a daily profit.
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Billboards for market research launches its activities in Egypt
The company works to provide all analytical data that is concerned with the smallest details of the real estate system.
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Future contracts for Egyptian pound fell to LE38
According to Central Bank data, the exchange rate recorded LE 30.77 for purchase and LE 30.88 for sale.
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Egypt, Sweden discuss strengthening partnerships between private sector on both sides
The meeting discussed the importance of intensifying financing mechanisms through international financing institutions.
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No withdrawal commissions when using bank ATM machines: Egyptian Banks Federation
It pointed out that cash withdrawal commissions relate to credit cards only when used in cash withdrawals from ATMs.
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Egypt constructs the largest man-made river in the world
This is after being treated at al-Hammam water treatment station, as the river is scheduled to produce about 10 million cubic meters of water.
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First Unicorn from Egypt joins Crunchbase board in February
Five companies joined The Crunchbase Unicorn Board in February among them MNT-Halan for digital wallets, buy now pay later and business loans.
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Africa Finance Corporation announces Egypt as first North African shareholder
Egypt joined the Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, as the first North African shareholder.
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Egypt to establish 15 logistic zones, dry ports to increase trade volume
The plan accommodates 6 million equivalent containers annually, and the 6th of October Dry Port was completed and operated.
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Egyptian Tourism Minister to present at ITB Berlin
Egypt has participated in ITB Berlin since 1971, which hosts hundreds of companies and hotels each year. In 2021 it was guest of honor.
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Egypt considers floating further stake in Telecom Egypt in EGX
Telecom Egypt’s revenues grew by 10 percent in 2022, recording EGP 44.3 billion with a net profit of EGP 9.2 billion.
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President El-Sisi reviews plans to develop Egypt’s textile industries sector
President El-Sisi stressed the importance of optimizing the utilization of state-owned assets, in keeping with recent global developments.
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Emaar Misr establishes new company
Emaar Misr for Development recorded a net profit of LE 6.56 billion in 2022, compared to profits of LE 4.11 billion in 2021.
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All you need to know about ‘Greatest Manifestation’ city in St. Catherine
Its well renowned with its original international fame name and character, the cabinet statement said.
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To what extent will renewable energy projects be affected by current economic crisis?
Egypt has taken all the necessary steps to attract both foreign and local investments for the renewable energy projects.
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Digital marketing in Egypt: Challenges, trends, and expert advice
Especially after COVID-19, many Egyptians entered the field of e-commerce and digital marketing.
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Electricity Min.: We rely on local products in industry by 55%
The expansion of renewable energy projects in Egypt requires the localization of the local industry in this field.
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Crypto scam in Egypt defrauds thousands of investors of $620K
Authorities have arrested 29 people, including 13 foreign citizens, in connection with the fraudulent network known as "HoggPool."
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Benghazi prepares to host "Made in Egypt" exhibition
Al-Obeidi stressed the implementation of the direct meeting mechanism between Egyptian businessmen and their counterparts in Libya in all fields.
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Egypt could receive $4 billion from Gulf investors: CEO of Sovereign Fund
The country targets raising $2.5 billion from the sale of state-owned assets by the end of FY 2022/2023.