News
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ODE’s net real estate sales jump 20.7% YoY in 2022
O West was the biggest contributor to new sales with 44.3%, followed by El Gouna with 9.5%.
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Egypt's parliament approves joining BRICS affiliated bank "NDB"
Egypt aims to benefit from the areas that fall within the various activities of the bank, including supporting sustainable development.
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EFG Hermes sets target price of Canal Shipping Agencies at EGP 25/share
In FY 2021/2022, the company recorded a net profit after tax of EGP 185.54 million, compared to EGP 200.192 million in FY 2020/2021.
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Egyptian Authority for Unified Procurement launches the 2nd edition of Africa Health ExCon 2023 next June
The event is held under the patronage of H.E. President Abdel Fattah Al Sisi during the period from June 7th to 10th
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500K visitors to the Cairo International Book Fair in 3 days
The Cairo International Book Fair witnessed large public turnout during its 54th session, with 500,000 visitors over three days.
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Tabby raises $58M at $660M valuation as PayPal Ventures
This marks its first investment in the Gulf Cooperation Council (GCC) but second in the MENA region after Egyptian fintech Paymob.
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Sturdy growth sees occupancy rates in Cairo’s hospitality sector jump to 64% in Q4 2022
Hotels in Cairo see a rebound as revenue per available room (RevPar) shoots up by almost 122%.
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4,300-year-old mummy covered in gold discovered in Egypt
Archaeologists have discovered a gold leaf-covered mummy inside a sarcophagus that’s been unopened for 4,300 years.
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Egypt's GASC sets vegoils for arrival Feb. 25 to March 3
GASC added that traders should submit bids for payment via 180-day letters of credit and at sight; and it will choose between them.
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Egypt ranked second in denim import from Turkiye
Egypt ranked second with 14.4% share and 43 million dollars worth of exports.
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Egypt’s strategic partnership with China: opportunities and implications
The partnership between Egypt and China also entails several implications for Egypt’s relations with the United States.
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Indian firms express 'huge interest' in investing in Egypt clean energy & infrastructure projects
Leading Indian companies, including ReNew Power and the Adani Group, have expressed to President Abdel-Fattah El-Sisi "huge interest" in clean energy.
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Real estate officials present urgent solutions to solve sector problems
The meeting concludes with a set to solutions to mitigate the impact of recent crisis on the market, including adding a net-zero interest period.
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Egypt announces details of IPOs program in 2 weeks
Madbouly added that he previously discussed the revitalization of the Egyptian Stock Exchange.
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Alexandria Container’s profit jumps 150.7% YoY in H1 FY 2022/23
The company recorded a net profit of EGP 1.8 billion in the July-December period of 2022, up from EGP 717.76 million in the year-ago period.
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El Batal Developments finished concrete works of the largest administrative building
"El Batal Developments" Company will be preparing during next February to complete all concrete works for its "Rock Capital 1" project.
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Misr Chemical Industries posts 191% YoY profit hike in 6 months
Sales totaled EGP 455.84 million in the six months to December 31st, 2022, up from EGP 270.56 million in the same period of FY 2021/2022.
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Red Sea governorate receives 4 million tourists in 2022
Resorts and hotels in the Red Sea governorate received more than four million tourists of different nationalities in 2022.
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Egyptian, Azerbaijani presidents discuss enhancing cooperation in energy, infrastructure, tourism
This is in addition to MoUs between the Egyptian Ministry of Trade and Industry and Azerbaijani Ministry of Economy.
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Egypt-India trade exchange reaches $4.1bln in 11M 2022
The value of Indian investments in Egypt amounted to $3.2bln in 52 projects: minister.