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Loans provided by banks in Egypt, excluding the Central Bank of Egypt (CBE), increased by 1.09 percent recording 2.38 trillion Egyptian pounds at the end of October 2020, compared to 2.36 trillion…
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Egypt’s AlexBank announced on Tuesday that it made profits before tax worth up to 3.178 billion Egyptian pounds ($202.1 million) during 2020 versus 4.443 billion pounds a year earlier.
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Egypt’s stock exchange’s (EGX) indexes on Tuesday ended lower for the second day in a row, with the benchmark EGX 30 index plunging 1.07 percent to 11,337 points driven by foreign investors’ selloff.
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Watan Developments plans to invest about 5 billion Egyptian pounds in commercial projects in the New Administrative Capital by 2025.
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The balance of trade deficit in Egypt shrank by 14 percent year-on-year (YoY) to $3.28 billion in December 2020, compared to $3.81 billion at the same period a year earlier, according to new data…
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Abu Dhabi Commercial Bank (ADCB) has appointed Cl Capital lnvestment Banking as its financial advisor to organise the sale of its 51.54% stake in Alexandria Medical Services - Alexandria New Medical…
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The Central Bank of Egypt’s (CBE) board of directors approved the rules regulating the multicurrency real-time gross settlement (RTGS) system.
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Shell Egypt and one of its subsidies signed an agreement to sell their upstream assets in Egypt’s Western Desert to a consortium consisting of subsidiaries of Cheiron Petroleum Corporation and Cairn…
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The Egyptian government offers subsidies worth 86 billion Egyptian pounds for commodities and food subsidies each year, the Minister of Supply and Internal Trade, Ali El-Moselhy, revealed.
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The International Finance Corporation (IFC) is lending $30 mn to the Egyptian arm of Turkish glassmaker Pasabahce to help it grow exports, improve energy practices, and create more jobs, the lender…
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