News
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Egypt gives top priority to developing labour market
Egypt receives $31.4bn remittances in FY 20/2021, with 13% growth compared to 19/2020.
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Egypt constructs gas pipeline in Western Desert
Egypt has started the construction of a gas pipeline in the Western Desert with an expected capacity of 15 million cubic feet of gas per day.
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Egypt begins IPO of state payments firm e-finance
E-finance, founded in 2005, is the sole entity authorized to operate the government's financial network, including processing and settling payment.
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Egypt participates in Italy-Africa Conference
The Egyptian delegation to the event was headed by Hamdy Loza, Deputy Minister of Foreign Affairs, with the participation of Hisham Badr.
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Egyptian consumer price inflation rises to 6.6% in September
The rate remains well within the target range of between 5% and 9% set by the central bank.
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Egypt’s microfinance market amounts to EGP 22.53bn
Tasaheel Co. accounts for 21.82% market share, with total financing of EGP 4.578bn.
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World Bank raises Egypt’s GDP growth forecast to 5.5 percent in 2021
The World Bank (WB) has raised its forecasts for Egypt’s real GDP growth for 2021 to 5.5 percent, up from 4.5 percent predicted in June.
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Egypt’s Telecom Regulator expands roadway cell phone coverage
NTRA will launch a limited tender for companies licensed to establish and operate mobile phone base stations at a cost of EGP 324m.
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Egyptian Tax Authority meets stakeholders
Abdul Qader said, in a statement on Wednesday, that the Large Taxpayer Center is holding meetings with senior accounting and auditing offices.
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Egypt signs facilities worth $2 bln to finance green projects
The financing facilities were signed on for a term that complies with the principles of environmental, social and corporate governance (ESG).
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CBE governor discusses with ADFD chief promoting economic cooperation
The talks also tackled the UAE's pioneering efforts that contributed to promoting sustainable economic growth in Egypt.
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Egypt seeking $2 billion in syndicated loan
The Egyptian government has launched a 3-year syndicated loan with green and Islamic finance components with the aim to raise $2 billion.
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Hitachi ABB Power Grids consortium bags deal for Saudi-Egypt electricity
The first ever large-scale HVDC interconnection in the Middle East and North Africa will enable Saudi Arabia and Egypt to exchange electricity.
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CBE governor discusses with ADFD chief promoting economic cooperation
Governor of the Central Bank of Egypt Tarek Amer had talks on Thursday with Director General of the Abu Dhabi Fund for Development (ADFD)
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Can Egypt’s SICO succeed in the sub-Saharan African phone market?
The company’s well-known phone brand Nile X sells for as low as $80. SICO has also started to build smartphones for Indian and Chinese firms.
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Egypt is EU’s biggest investment market in Africa
Christian Berger, the EU Delegation’s Ambassador to Egypt said there is a very strong and growing interest from European companies to invest in Egypt.
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Dana Gas’s KRI, Egypt collections double
Its 9M 2021 collections from the Kurdistan Region of Iraq (KRI) and Egypt have increased 102% year-on-year to $256 million (AED938 million).
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Saudi Arabia, Egypt sign $1.8bn power grid interconnection deal
The electric grid interconnection project between the two countries aims to exchange electrical capacities amounting to 3,000 megawatts.
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Egypt's Environment minister on climate finance
Environment Minister Yasmine Fouad said market mechanisms and some policies need to be reconsidered in order to provide climate finance for countries.
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US support for Egypt’s private sector
Chair of the Egyptian-American Enterprise Fund James Harmon explains its plans to help grow Egypt’s private sector to Doaa A. Moneim.