News
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Egypt: Towards a greener economy
The introduction of new environmental sustainability standards will bring Egypt closer to having a green economy.
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Egypt cuts interest rates
Egypt’s central bank cut its main interest rates by 50 basis points to support an economy badly hit by the coronavirus pandemic.
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Vodafone and Telcom Egypt invest $1.17 billion for spectrum
Vodafone Egypt and TE bought fresh spectrum for a total of $1.17 billion, as both operators push on to upgrade services by boosting their networks.
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GACIC-AHK members express optimism in Egypt business climate
The outlook towards 2021 is rather optimistic. 82% of the participants stated that their current business development is good or satisfying.
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Egypt set to issue its first sovereign Islamic sukuk
The move is part of the finance ministry’s plan to diversify its base of investors who want to invest in governmental financial securities.
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Egypt has largest gaming population at 68%
The MENA region is a fast-growing gaming market that has evolved from casual gaming to virtual reality games and competitive sports.
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Exchange rate liberalisation proves economic boon
Four years have passed since the Central Bank of Egypt (CBE) took a bold decision to liberalise the exchange rate on 3 November 2016.
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Amlak Finance acquires 16.5% of mortgage finance market in Egypt
The acquisition means Amlak Finance Egypt topped the list of companies in the local market during the second half (H2) of this year.
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Paying export arrears: Egypt’s govt aims to boost sector
A government initiative to pay export-subsidy arrears will help Egypt’s exporters to expand their investments and increase production.
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Trade exchange bet. Egypt, Ukraine hits $2.6B in 2019
Egypt will remain the largest trading partner of Ukraine in Africa and the Middle East.
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Russian wheat offered lowest at Egypt's GASC tender
GASC also received a lowest offer of $263.97 for 55,000 tonnes of Russian wheat on a FOB basis for a second shipment period from Dec 11-20.
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Egypt: Ensuring building safety
Experts say that the duration of the buildings reconciliation law needs to be extended to ensure the structural safety of violating buildings.
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Cooperation deal signed by American chambers of Greece, Cyprus, Egypt
The memorandum concerns the development of commercial, investment and business relations, both among the members of the three chambers and with the US
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Dana Gas sells onshore Egypt producing business to IPR Energy Group at $236 million
The company said in a press statement that this asset sale is in line with Dana Gas’ strategic goals of strengthening its balance sheet.
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Egypt's economy exceeds expectations during COVID-19
The performance was outlined in detail in the Financial Monitor and Outlook for the World Economy Report for October 2020.
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Egypt Launches 1st Green Bond Offering on London Stock Exchange
The $750 million, five-year green bonds is considered the largest green bond issuance in the MENA region, and the first of its kind to list on the LSE
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‘Now is the right time to invest in Egypt': French ambassador
Ambassador Stéphane Romatet made his statements during a virtual panel with Egypt's minister of planning and representatives of 70 French companies.
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EBRD increases annual funding for Egypt
The bank's investments in Egypt last year amounted to about €1.2bn. The financing went towards 23 projects, mostly private sector.
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Egypt hosts Regional Medical Insurance and Healthcare Forum
Vezeeta, Middle East and Africa’s leading digital healthcare platform joins 6th Regional Medical Insurance and Healthcare forum OCT 11-12.
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Egypt economy: Going green, going Islamic
The government and private sector are eyeing new methods of borrowing, including through green and sukuk Islamic bonds.