News
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World food prices hit record high in 2022
World food prices fell for a ninth month in a row in December but hit their highest level on record for the full year in 2022, UN data showed Friday.
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Sisi: Egypt needs EGP 70tn to achieve development
Sisi put the total value of development achieved in Sohag so far at 102 billion pounds. Ans what upgrading the rest of the governorates would cost.
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Egypt’s digital exports hit $4.9bln in 2022
The statement added that the sector’s contribution to the gross domestic product (GDP) had reached 5%.
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India to secure fertiliser raw material from Morocco, Egypt
Indian companies are expected to set up DAP and NPK plants in both countries.
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Microfinance increases to $2.37bln in June 2022
The CBE revealed that banks are obligated to increase the portfolio of loans and credit facilities directed to SMEs to reach 25% of their total credit
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Health ministry launches five medical convoys as part of Decent Life Initiative
The governorates covered by the convoys are Qalyubia, Giza, Gharbia, the New Valley and South Sinai.
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SCZone looks forward to more cooperation with China in coming period
SCZOne is enjoying a distinguished strategic location, which in turn contributes to the importance of its presence within the Belt and Road initiative
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Egyptian-Chinese rich developmental model creates numerous cooperation opportunities
Planning and Economic Development Minister Hala el Saeed hailed on Thursday 5/1/2023 the Egyptian-Chinese.
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Abu Dhabi Islamic Bank increases stake in its Egyptian unit to more than 52%
With more than Dh147 billion ($40 billion) in assets at the end of September, ADIB is also active in Saudi Arabia, the UK, Sudan and Iraq.
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Bank ABC finalizes legal merger with BLOM Bank Egypt
Bahrani Arab Banking Corporation (Bank ABC) has completed the legal merger of its two Egyptian subsidiaries BLOM Bank Egypt and Bank ABC Egypt.
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Cairo for Oils' 2022 sales surpass expectations by 15%
In October, a company filing showed a sales expectation of EGP 200 million for 2022.
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Egypt seeks to increase winter wheat production
Last year we planted 3.6 million feddans, and this year we aim to grow 4 million wheat with the efforts of an Egyptian farmer: Rizk.
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Italy is offering Egypt an electrical interconnection project at a cost of $2.8 billion
The electrical capacities to be exchanged between Egypt and Italy range between 2,500 and 3,000 megawatts.
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What is the aim of Banque Misr’s one-year savings certificate at 25% interest rate return?
Economists said that Banque Misr’s announcement on Wednesday of a one-year savings certificate with 25 interest rate will help to curb inflation.
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Thousands of state employees to move to new capital by March
Relocation of Cabinet employees to NAC has begun this week.
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National Bank of Egypt and Banque Misr to open on Friday, Sunday to sell 25% saving certificates
NBE announced on Thursday that 140 of its branches nationwide will be opened on both Friday (from 2 PM to 6 PM) and on Sunday (from 9 AM to 3 PM).
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Egypt allocated LE 4.4 bln investments for Red Sea governorate
The first goal is to provide the largest number of jobs and attract investments, whether local or foreign.
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US dollar price hits LE27 on Thursday
Egypt’s central bank hiked overnight interest rates by 300 basis points on Thursday, December 22, in an attempt to curb inflation rates.
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UAE’s ADIB now owns more than 52% of Egyptian unit
Bank confirms acquisition of additional 2.4% stake in ADIB Egypt.
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Egypt leads MENA in startups' raised funds in December: Wamda
In total, MENA’s startups raised $125 million over 38 deals in December, bringing the total amount raised in 2022 to $3.6 billion.