News
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Egypt, Palestine officials discuss strengthening economy, trade relations
The two sides stressed the depth of the strong “brotherly relations” and the true partnership that unites the two countries.
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Egypt’s net international reserves rise by $214 million in October
Egypt's net international reserves (NIRs) registered $33.4 billion in late October, an increase of $214 million over its volume in September.
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Vietnam pushes forward economic ties with Egypt
The Vietnamese Embassy in Egypt has been actively promoting economic diplomacy to further boost bilateral economic, trade, investment and tourism ties
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Private sector is strong partner to Egypt’s healthcare initiatives: Roche’s official
Both the government and private sector are keen on achieving sustainability, according to the manager at the Swiss multinational healthcare company.
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Egypt-UK trade grows 35% YoY in 2021
Bayley said that his country is looking forward to promoting economic and investment partnerships with Egypt.
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Egyptian fintech Money Fellows raises $31 million
Money Fellows classifies its users as borrowers, savers or planners depending on their position in a ROSCA cycle and when they receive a payout.
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64 industrial projects launched within Egypt's 'Start' initiative
The main features of the initiative are tax exemption for five years, and offering lands for investors in the leasing system.
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Creative Industry Summit’s 15th edition to be held in Riyadh
The first regional edition will be in the Kingdom of Saudi Arabia, in partnership with Riyadh Chamber of Commerce’s Advertising Committee.
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How climate change is changing the automotive market
Automotive industry in Egypt is witnessing a much-needed boost thanks to the government’s efforts to create a true dialogue with key market players.
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Egypt is pioneer in pharma industry localisation in MENA
El-Dababi made his comments during his participation in the third edition of Al-Ahram Establishment’s two-day pharmaceutical conference.
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How can Egypt bridge its financing gap?
Hany Genena, an economist and lecturer at the American University in Cairo, said that the financing gap in Egypt is about $25bn, according to the CBE.
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Egyptian Pound devalued to record low against the US Dollar
Bloomberg Economics estimates the pound needs to weaken to EGP 24.6 per USD 1 “to bring Egypt’s trade deficit to a reasonable level.”
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Without Zohr gas field, Egypt would have plunged into darkness: Al-Sisi
New cities built added EGP 10bn worth of assets to state treasury.
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Egypt announces reaching $3 billion loan deal with IMF
Egypt has reached a 46-month staff-level agreement with the International Monetary Fund under the Extended Fund Facility with a loan worth $3bn.
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Egypt, UAE celebrate 50th anniversary of bilateral relations
“Egypt and the UAE…One Heart”. Both countries aim to further strengthen their already solid ties spanning more than five decades.
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Egyptian economy growth to decline to 4.3%: Fitch Solutions
It is expected that the average inflation will reach 15.2 percent during the second half of this year.
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Egypt Seeks to become regional hub to produce, exchange renewable energy
It has an ambitious vision to transform into a hub for producing and exporting clean energy, especially green hydrogen and solar and wind energy.
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Egypt's central bank issues LE 14B in T-bonds
Ministry of Finance intends to issue 16 bills bids worth LE 216 billion and 11 bond tenders worth LE 53 billion, during October.
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One Finance launches integrated consumer financing in Egypt market
Egypt-based One Finance has launched Buy Now, Pay Later in the country with an issued and paid capital worth USD 5 million.
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Egyptian consumer money app Telda raises $20M
Egypt's private consumption accounts for nearly 85% of its nominal GDP, and only 4% of its overall GDP is cashless.