News
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Egyptian billionaire Nassef Sawiris cuts a $5.85 million deal with Vitoria Sport Clube
Egyptian billionaire Nassef Sawiris made global headlines in 2018 when he acquired stakes in the English football side, Aston Villa.
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Egypt releases 199K tons of corn, soybeans for poultry fodder
Since October, the country has suffered a shortage in feed nationwide, which led some of the workers in farms to execute chicks.
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Telecom Egypt studies financing options to cover its future expansions
Telecom Egypt was able to achieve $2bln worth of revenues during the past five years at an average of $400mln annually.
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Real-time gross settlement between banks records EGP 10.85trn in January 2022
The total RTGS in 2022 amounted to EGP 119.901trn through about 2.836 million transactions.
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Egypt reveals protective measures to prevent Marburg infection
The Egyptian Ministry of Health indicated that disinfection measures are taken using sodium hypochlorite solution.
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Cairo international airport obtains ACI’s health accreditation certificate
Civil Aviation Minister Mohamed Abbas congratulated all workers at the Cairo airport for their great efforts, which contributed to getting it.
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Finance launches initiative to provide 150 billion pounds to fund agricultural, industrial production
The government plans to increase the proceeds of exports to 100 billion dollars, to strengthen the structure of the national economy.
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Egypt gov't directs LE10 bln for gender-responsive sustainable development plan
The guide reflects the great importance that the state attaches to the empowerment of women, children and people of determination.
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Long Live Egypt Fund allocates bank account for Syria relief
The fund has designated a hotline No. 15118 to receive inquiries, to receive contributions from inside and outside Egypt to provide relief to Syria.
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Deadline for joining e-invoice system set at April 1
The minister added that the application of digital tax and customs systems allows integration between the tax and customs authorities.
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Egypt to start investor meetings for debut islamic-bond sale
Egypt will start meeting investors this week before a potential debut sale of Islamic bonds known as sukuk.
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Egypt, Italy may sign $3.5bln power link deal in June
It will be one of the largest interconnection projects in Africa.The project is expected to cost nearly $3.5 billion.
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Trade minister discusses with danish companies ways to boost projects in Egypt
The Egyptian minister said that his country is keen on coordination and constant communication with companies investing in the Egyptian market.
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Russia announces plans for a nuclear university in Egypt
The institute aims to train personnel for the first nuclear power plant in El Dabaa, which is being built with Russia’s participation.
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Turkish firms pledge investments in Egypt as relations thaw
Turkish companies have committed to $500 million in new investments in Egypt after a visiting business delegation met the prime minister.
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Egypt-based MCV aims at German market with electric bus model
Manufacturing Commercial Vehicles (MCV) from Egypt announces a BEV electric bus developed specifically for the German market.
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World Bank to discuss five-year program for Egypt in March
The international financial institution has already committed $900 million to the North African country this fiscal year.
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Shell inks deal to explore carbon capture in Egypt
The new project will see the partners work towards decarbonising the liquefied natural gas (LNG) terminal in Idku operated by Shell.
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Egypt: Arab Cotton Ginning’s standalone profits shrink 80% in H1-22/23
The revenues totalled EGP 24.60 million as of 31 December 2022, a 22% year-on-year (YoY) decline from EGP 31.41 million.
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Egypt's agricultural exports hit fresh record high
In 2022, Egypt opened 16 new markets for its agricultural products to help raise exports.