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Egyptian fertiliser company Evergrow is in talks with banks to raise 6 billion Egyptian pounds ($382.4 million) in debt financing, its chairman said on Monday.
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Remittances from Egyptians living abroad increased by $3.3 billion or 13% year-on-year (YoY) during the first 11 months of fiscal year (FY) 2020/2021. 
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 Elsewedy Electric Co reported a 70.58% year-on-year (YoY) hike in its consolidated net profits to EGP 1.74 billion in the first half (H1) of 2021, compared to EGP 1.025 billion, including minority…
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Orascom Development Egypt (ODE), a subsidiary of Orascom Development Holding AG (ODH), reported on Monday a 342.28 percent year-on-year jump in net profit for the first half of the year.
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Mrsool has invested about EGP 300 million in the Egyptian market since launching its operations in the country in mid-2019, Country Manager for Egypt Osama Harfoush revealed. 
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Egypt has approved the first licence for microfinance leasing activity in the Egyptian market, according to Mohamed Omran, Chairperson of the Financial Regulatory Authority (FRA).
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Russia will triple the number of weekly flights from Moscow to Sharm El Sheikh and Hurghada starting 27 August, RT reports, citing a statement from Russia’s covid advisory panel.
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Egypt’s Micro, Small, and Medium Enterprise Development Agency (MSMEDA) has injected EGP 2.8bn into 87,700 small and micro projects in the first half (H1) of 2021, creating about 146,500 job…
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A consortium, comprised of China Mobile International, Facebook, MTN GlobalConnect, Orange, Saudi Telecom Company (stc), Telecom Egypt, Vodafone, and WIOCC, decided to expand a giant sub-sea cable in…
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HSBC Holdings said on Monday it had agreed to acquire French insurer AXA’s Singapore assets for $575 million, a move aimed to scale up its wealth management business in Asia and boost fee income.
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