News
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Trade exchange bet. Egypt, Cyprus hit $66M in 2021
The total Cypriot investments in Egypt amount to $ 358 million in 191 projects in the fields of services, industry, services, construction & tourism.
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Egypt key market for Huawei in MENA
Egypt is a key market for Huawei’s operations in the Middle East, with the company's headquarters for North Africa operations located in Cairo.
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Egypt has most lucrative financial tech. market in MENA
IDSC, which is affiliated with the Cabinet, said Egypt has 62-74 million potential users in the field of financial technology.
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Egypt issues Japanese Yen-dominated bonds worth $500 mln
Egypt issued on Thursday Japanese Yen*-dominated bonds with a total of $500 million, the first of their kind in Egypt and the Middle East.
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French Economy Minister visits Egypt
French Economy and Finance Minister Bruno Le Maire arrive in Cairo next Sunday evening for a two-day visit.
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Trade between Egypt and Saudi Arabia hit $8 billion
Egypt has adopted a modern system of legislative rules and infrastructure to support global, commercial, industrial and investment and development.
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Egypt to launch initiative to develop energy transition in Africa
The initiative, in cooperation with the African Union and African energy ministers, to be launched during the upcoming COP27 climate summit.
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Egypt, Cyprus discuss progress in electricity linkage project
Egypt targets upping the renewable energy's contribution to electricity generation to reach over 42% by 2035.
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Egypt's budget deficit hit EGP 368 bln in 8 months
Egypt's budget deficit hit EGP 368 billion from July 2021 to February 2022, compared to EGP 320 billion during the same period a year earlier.
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UAE Pumps Money Into Egypt as Food-Price Surge
A major food importer, Egypt’s been hit hard by record grain prices fueled by the Russian invasion.
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Egypt launches financial, social protection measures
Egypt’s Ministry of Finance approved on Monday a package of financial and social protection procedures, worth EGP 130 billion.
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Egypt's central bank raises interest rates
The Central Bank of Egypt has raised its key interest rate for the first time since 2017, citing inflationary pressures triggered by the coronavirus.
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Egypt has a new FinTech support fund
Egypt’s largest national banks — Banque Misr, National Bank of Egypt (NBE), and Banque du Caire — as well as Global Ventures launched “Nclude".
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Egypt unveils five ancient tombs in Saqqara
The Ministry of Tourism and Antiquities said one of the tombs belonged to a top official named Iry, and the rest to the royal court.
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Sisi Approves Letters of Exchange With Japan
Under the letters of exchange, Japan seeks to contribute to establishing outpatient clinics of specialized pediatric hospital affiliated to Cairo Uni.
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Egypt participates in official pavilion at MIPIM 2022
Egypt’s private sector represented by 13 real estate development companies, advisory offices in exhibition.
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British American Tobacco raises cigarette prices in Egypt
British American Tobacco (BAT) announced on Sunday a new price increase of up to EGP three for some of its cigarette brands on the Egyptian market.
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Egypt's petroleum minister, Siemens discuss investments
They also discussed the preparations for hosting the UN climate change summit COP27.
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Schneider Electric Egypt eyes $440mln business volume by 2025
The company is mulling over the participation in a petrochemical project set to be launched in the Red Sea governorate.
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Business from Cuba and Egypt promote bilateral ties
During a virtual meeting, the secretary general of the Egyptian Federation of Chambers of Commerce, Alaa Ezz, highlighted the excellent relations.