News
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EBRD hands NBKE $25 mln loan to support Egypt’s energy
It also clarified that the European Union (EU) will support the financing to NBKE with up to €2.5 million of EU funds.
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Arkan Palm receives EGP 1.5bn finance
5 banks partner to provide financing, including Export Development Bank of Egypt, Housing and Development Bank, United Bank, Suez Canal Bank & others.
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Al-Ahly Momkn, ElGameya partner to provide fintech solutions
Cooperation allows more than 40,000 merchants to use Al-Ahly system.
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Huawei launches 'IdeaHub' to support work in Egypt
'Huawei launched IdeaHub to take a revolutionary step in the Egyptian market with distinguished technology that helps customers in their offices.
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ELSEWEDY ELECTRIC's subsidiary signs $16.7M contract in Ghana
The company clarified in a filing to the Egyptian Exchange (EGX) that the contract is to build substation for electricity Company of Ghana.
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Egypt to launch online tax collection platform in September
The state is stepping up its efforts to merge the informal and formal economies for the sake of achieving tax justice and leveling the playing field.
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Telecom Egypt connects fibre-optic cables to 1,413 villages
This move is part of the company’s contribution to the “Decent Life” initiative for the development of the Egyptian countryside.
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Egypt’s external debt jumps to $134.8 bln
The general government remains the main obligor of all debts, accounting for around 59.7 percent of Egypt’s external debt, as it rose by $11.1 billion
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Commodity Exchange to start operation in Q1 2022
The Commodity Exchange has been established within the framework of the state’s plan to develop internal trade.
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Egypt injects LE101m for projects in Assiut
These projects include approximately LE 53 million for about 7 centers targeted by the "Decent Life" initiative.
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Banks warn against fraudulent practices
Social media reports alleged that fraudsters claiming to be Banque Misr employees called bank clients and asked them for personal information.
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ICT’s contribution to Egypt’s GDP expected to double
The minister also declared that it is planned to uplift the sector’s export capacity to reach $6 billion in FY2021/22, up from $3.5 billion.
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U.S. Ambassador and Tourism Minister Inaugurate Renovated Site
The U.S. government, through USAID, is investing $8.6 million to revitalize cultural tourism in Esna.
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President Sisi addresses G20 Compact with Africa Summit
President Abdel-Fattah El-Sisi said that the Egyptian economy is now more capable than ever of facing challenges.
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Egypt to increase Suez Canal's revenues
El-Said explained that the revenues of the Suez Canal will thus rise from LE 93.9 billion in 20-2021 to LE 99.3 billion in the year of the plan.
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Egypt's City Edge to implement more projects
Company appoints Accor International to manage two hotels in New Administrative Capital.
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Egypt to receive €151.5 mln fund from Germany
The facility is meant to support Egypt’s Vision 2030 and its endeavors to achieve the United Nations’ Sustainable Development Goals.
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EETC to do more studies for monorail
EETC to complete studying electric feeding system of New Capital monorail in September.
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Reda Abdel Kader appointed head of tax authority
Finance Minister Mohamed Maait appointed Reda Abdel Kader Gharib as the head of the Egyptian Tax Authority.
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Egypt allocates EGP 125.7 bln to processing industry
EGP 16.6 billion of these investments will be directed to petroleum refining industries, and EGP 109.1 billion will go to non-petroleum ones.