News
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Egypt’s heavy industries: Seeking a competitive edge
Egypt’s heavy industries are demanding further cuts in energy prices in order to improve their competitiveness.
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Egypt extends ban on sugar imports for additional 3 months
Egypt's sugar reserves are estimated at 1.4 million tons of sugar, which is sufficient for consumption for more than six months.
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Odin eyes EGP 1bn stock market investment through new fund
El-Sayed added that his company plans to establish another venture capital investment fund, with a capital of EGP 1bn in early 2021.
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Egypt’s real estate market witnesses robust demand
Ongoing construction of 20 new cities across Egypt, in addition to development of 23 existing ones, present attractive investment opportunities.
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Egypt Prime Minister approves amendments to capital market regulation
Investment in real estate assets that are not subject to legal cases can be raised or issued by a valid allocation decision from a competent authority
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Egypt-Bahrain trade exchange volume reaches $471M
Egypt occupied the 11th place with re-exports with a value of $23 million, and the trade balance reached $286 million.
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Bahrain's ABC joins race to buy Blom's Egypt business
HSBC is advising Bank ABC on the talks, two sources familiar with the deal told Reuters. HSBC declined to comment.
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Saudi Telecom Seeks to Cut $2.39 Billion Offer for Vodafone Egypt
The discussions come as a deadline nears for STC to move ahead with the non-binding offer first made in January.
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OSN signs multi-year partnership with Vodafone Egypt
OSN streaming app to be offered bundled with mobile plans.
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Russia resumes international air service with Egypt, Emirates, Maldives
Regular air service between Russia and other countries was interrupted at the end of March due to the coronavirus pandemic.
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Egypt’s business activity rises for 2nd straight month in August
Output prices rose for the first time in ten months amid a further increase in input prices.
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Vodafone Egypt franchises some stores, but keeps main branches
Vodafone Egypt has begun transferring the management of a number of its stores to its agents.
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Moody's rating reflects confidence on Egypt's economy: Finance Min.
The economic reform program provided a measure of resilience to the Egyptian economy that enables it to interact with internal and external challenges
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Egypt’s tourism at intermediate risk amid COVID-19 crisis
Countries that depend heavily on tourism face elevated economic risks amid the coronavirus crisis, said the Economic Vulnerability Index of the EIB.
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Mountain View alters property designs to meet COVID-19 market
The project has achieved a significant EGP 2bn in sales in only four days, according to Mountain View Chairperson Amr Soliman.
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Automotive market sales rise 14.4% during July
In April, sales of passenger cars recorded a 26 percent decline, affected by the precautionary measures imposed by the government due to COVID-19.
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Egypt brings online new crude pipeline at al-Hamra port
The Hamra petroleum port lies around 120 kilometers west of Alexandria, Egypt’s second-largest city, and is run by the Western Desert Operating Petrol
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Yellow economy is way to achieve Egypt's sustainable development
The Yellow Economy is a term refers to an economic branch that studies solar energy and how to use it to achieve sustainable development.
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Fawry becomes 1st Egyptian unicorn with $1B market cap
A unicorn is a business term to indicate a privately held startup company valued at over $1 billion.
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Reviving Egypt’s white gold
Egypt’s internationally famous long-staple cotton has faced pricing and marketing challenges, but there are ways to restore the white gold’s glory.