News
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Searches from GCC to Egypt up 151% in H1
Egypt Tourism Authority has partnered with Wego to boost the number of travellers to the country. The campaign recorded over 28 million searches.
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Egypt's Housing & Development Bank sees over $1mln block trading deal
In the first half of 2022, HD Bank reported higher consolidated net profits by 29.9% annually.
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Egypt’s GDP grew to over 410 bln USD
GDP in the fiscal year from July 1, 2021 to June 30, 2022 increased more than three times from the fiscal year 2013-2014.
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Egypt's president orders continuing studying global crisis scenarios
This should contribute to allowing the country to overcome any challenges and sustain the positive results achieved as a result of economic reforms.
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Egypt's trade minister urges more inter-Arab cooperation
Ahmed Samir has urged for further cooperation and coordination in all fields of joint Arab action to confront global economic and social challenges.
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13 banks in Egypt report EGP 21.778bn net profits
CIB tops list in terms of net profit at EGP 7.773bn, followed by QNB Alahli by EGP 4.754bn.
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Egypt facilitates import procedures
The decisions included allowing shipping agencies to transport imported goods from ports to warehouses and dry ports outside customs ports.
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Egypt's investments in Africa up to $10.2 bln
Egyptian investments in Africa rose by $1.2 billion in 2021 to $10.2 billion, and trade volume with Ivory Coast has risen to $149 million.
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Egypt eyes issuance of $500mln panda bonds in Chinese market
The Ministry of Finance hopes to enter the Chinese market for the first time before the end of the current fiscal year, Kouchouk added.
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Egypt to relaunch government IPOs program on the stock exchange
The plan to issue shares of 10 government companies on the stock exchange was put on hold following the Russian-Ukrainian crisis.
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Egypt's FRA proposes amendments to Capital Market Law to trade carbon emissions reduction certificates
FRA set the legislative framework for carbon certificates to regulate its trading after the large increase in volume in global markets.
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Recent finance minister’s decisions to temporarily return goods to market
The facilities announced were for goods currently stored in Egyptian ports
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Egypt 3rd strongest economy in Arab world
Secretary General of the Union of Arab Banks (UAB) Wissam Fattouh said that Egypt came in the third position after Saudi Arabia and the UAE.
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Egypt bourse’s market cap rises $2.7bn in August
In terms of index gains, the blue-chip EGX30 index jumped by 5.6 percent during the month, gaining 531 points to 9,998 points at the end of August.
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UK's Johnson discusses trade with Egypt's Sisi
Leaders welcome close relationship on security and defence, and discuss more ways to build co-operation.
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Egypt's agricultural exports reach 4.4 mln tons
Egypt’s agricultural exports reached 4.4 million tons from January till 24 August 2022, Minister of Agriculture El-Sayed El-Quseir announced.
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Trade between Iraq and Egypt increases 14.1% in Q1 2022
Egypt’s exports to Iraq reached $141.8 million in Q1 of 2022, up from $124.1 million at the same time in 2021.
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CBE raises maximum withdrawal limit from bank branches
Central Bank of Egypt (CBE) raised the maximum daily withdrawal limit for individuals and companies from bank branches from LE50,000 to LE150,000.
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Central Bank expounds Egypt’s external debt in 1Q 2022
By residual maturity, short-term debt amounted to about $42.2bln in March 2022.
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Egypt, Bahrain trade exchange hits $917mln in 2021
This represents a rise of 128.70% when compared to 2020.