News
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AFDB could have key role in offering Africa's priorities to int'l community
Maait's remarks came during his meeting on Wednesday with AFDB President Akinwumi Adesina, on the sidelines of COP 27.
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El Molla praises petroleum sector for impressive performance on national petroleum day
El Molla said that the sector managed to convert the challenges into success stories which makes it an ideal model to be followed.
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Euromoney Egypt Conference 2022 to take place on Dec. 7
The lead sponsors of the conference are Mashreq Bank and Standard Chartered. The co-sponsor is Citibank.
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APA Corporation cuts flaring in Egypt by 40 percent
The compensation-linked environmental, social, and governance (ESG) goal was reached ahead of schedule.
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Suez Canal Bank net profits jump to EGP 735m in September 2022
This represents a growth rate of 95%, supported by an increase in net income from the return by 17%.
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Trade exchange bet. Egypt, Germany reaches €5.1B in 2021
Samir stated that German investments in Egypt amounted to about $2.9 billion until the end of April 2022.
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Fitch Solutions raises Egypt GDP growth projection in 2022 by 0.3%
The report lowered its expectations for the country’s inflation rate by 0.2 percent to 13 percent through the end of 2022, down from 13.2 percent.
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Egypt’s Banque MISR receives $160m from The African Development Bank to finance SMEs
The loan consists of a $130 million credit facility from the bank and $30 million from Africa growing together fund (AGTF).
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Irrigation Minister launches ‘Action on Water Adaptation and Resilience’ initiative
Sweilam indicated that Egypt has made great efforts to put water at the centre of global climate action through a number of measures and events.
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Egypt’s EGX30 hits highest level in 32 months
Egypt’s main index (EGX30) closed on Monday at the highest level in 32 months to surpass 12,000 points.
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Vodacom to roll out Alibaba Super App to new Egypt market
The Johannesburg-based company has received approvals to buy the Egypt business from its parent, Vodafone Group, for $2.7 billion.
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Egypt’s annual inflation jumps to 16.2% in October
This surpasses the 15.7 percent mark registered in November 2018, the Central Agency for Public Mobilisation and Statistics (CAPMAS) announced.
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Fitch Ratings: Egypt has great balance between local, foreign contractors
The Fitch report stressed that there is strong competitiveness in Egypt between local and foreign companies in infrastructure projects.
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Egypt to establish green logistics hub in Sokhna 360
BASF has entered into this MoU with Elsewedy Industrial Development, to build one of the biggest, and most sustainable logistic hubs in Sokhna 360.
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Egypt aims to turn half of projects into green ones by 2024
Egypt intends to allocate 50% of its investment plan and budget to the green economy and implement green projects by the fiscal year 2024/2025.
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Elsewedy Industrial Development & Global Chemical company BASF signed MoU to establish a Green Logistics Hub in Sokhna 3
First German Green Logistics Hub in Sokhna 360
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Ride-hailing app MOVE launched in Egypt
MOVE also offers a tech setup for school bus transportation that can be used by parents and school management.
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Egypt launches 1st African Voluntary Carbon Market
Voluntary carbon markets help companies recover part of their investment spending directed to reducing carbon emissions.
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Qatar’s sovereign wealth fund deposits $1 bln into Egypt’s CBE
Qatar’s sovereign wealth fund, deposited $1 billion into the Central Bank of Egypt, to pave the way for the authority to pump new investments in Egypt
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Egypt aspires to provide programs for transition to green economy
The cooperation between the governments, the NGOs, the UN, and the international organizations are held with consistency.