News
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MSME sector accounts for 80% of Egypt’s economy
This is why the government is keen on strengthening cooperation with international partners on development programs in this regard.
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HSBC, Citi among banks selected for Egypt’s first islamic bonds
Egypt has named six international lenders, including Citigroup Inc. and HSBC Holdings Plc, to manage its first sale of sovereign Islamic bonds.
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World Bank eager to strengthen partnership with Egypt
The World Bank officials also affirmed their appreciation for Egypt’s efforts in economic reform to achieve comprehensive development.
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Egypt launches digital strategy for offshoring industry
Egypt’s Information Technology Industry Development Agency (ITIDA) has launched a new Digital Egypt Strategy for Offshoring (2022-2026).
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Egypt-Belgium trade exchange hits $2bln in 11 months
Egyptian exports to Belgium during the January-November period of 2021 were valued at $411.6m, jumping by 75.5% year-on-year (YoY) from $234.5m.
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Egypt releases 1st comprehensive FinTech report
The report sheds light on the local FinTech & FinTech-enabled startups and entrepreneurs; in addition to FinTech Ecosystem stakeholders.
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Suez Canal Bank records 6% by end of 2021
he bank injected EGP 2bn into the initiatives of the Central Bank for Industry, Contracting, and Tourism.
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Field campaign to provide free support for tax payers
This comes within the finance minister’s directives in which the campaign will start in Gharbiya governorate.
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Africa Health ExCon to help Egypt become pharmaceutical hub
The organisation of the Africa Health ExCon (AHE) in Egypt is a golden opportunity for the country to become a hub for exporting pharmaceuticals.
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Egypt's oil show gathers over 450 exhibitors to reshape energy market
This year's visitor turnout is huge as last year, there are also many new new companies, despite the spread of COVID-19 pandemic.
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63.1% decrease in trade deficit during November 2021
The value of exports increased by 80.6% to $4.48bn in November 2021, compared to $2.48bn in November 2020, due to a price increase of some commodities
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Egypt to implement new import rules in March
Egypt has struggled to contain a rising import bill and a current account deficit that widened to $18.4 billion in 2020/21 FY.
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EBRD approves new country strategy for Egypt through 2027
The board of directors of the European Bank for Reconstruction and Development (EBRD) approved its country strategy for Egypt through 2027.
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Global Leaders Convene at EGYPS 2022
The Egypt Petroleum show this year is a major showcase of the latest oil and gas solutions featuring more than 450 exhibitors.
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Egypt to boost trade with Libya, Jordan
The talks were held on the sidelines of the 109th meeting of the Economic and Social Council of the Arab League.
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Egypt weathers Covid’s repercussions
The World Bank praised the economy’s ability to mitigate Covid-19. Al-Ahram Weekly reviews Egypt’s Economic Monitor report.
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Egypt among top 10 investment destinations in Africa
Egypt’s economic growth rate increased by 9.8 percent in the first quarter of the fiscal year 2021-2022.
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Egypt-US Trade Volume Reaches Hit $9.1 Bln
Antar explained that the value of Egyptian exports to the United States amounted to $3.3 billion during 2021.
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UAE's FAB seeks to buy Egypt's top investment bank EFG Hermes
FAB has made a non-binding offer to buy at least 51% in EFG Hermes for 19 Egyptian pounds ($1.21) a share.
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Egyptian investment app Thndr nabs $20M
Replicating the success of Robinhood in the U.S., some platforms are looking to create investors out of the region. One such is Egypt-based Thndr.