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 Egyptian Financial Group Hermes Holding (EFG Hermes) reported a year-on-year (YoY) surge of 12% in revenues to EGP 6.1 billion in 2021, exceeding the EGP 6 billion mark for the first time.
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Egypt's budget deficit hit EGP 368 billion from July 2021 to February 2022, compared to EGP 320 billion during the same period a year earlier, the Finance Ministry said in a report Thursday.
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Ethiopia's government on Thursday declared "an indefinite humanitarian truce effective immediately", saying it hoped to help hasten delivery of emergency aid into the Tigray region, where hundreds of…
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EFG Hermes’ consumer finance platform valU will set foot in Saudi Arabia before the end of 1H2022, marking its first cross-border expansion, EFG Hermes Finance CEO Walid Hassouna told Bloomberg…
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Abu Dhabi’s sovereign wealth fund ADQ agreed with Egyptian authorities to invest around $2 billion by buying state-held stakes in some companies, including the country’s largest listed bank CIB, a…
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Egypt has officially requested support from the International Monetary Fund (IMF) to implement a comprehensive economic program, the fund said on Wednesday.
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Orascom Construction achieved an increase in the value of projects under implementation by 12% to reach $6.1bn.
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The Egyptian National Postal Organisation and Bahrain-based Beyon Connect, a subsidiary of Batelco, reached an agreement to establish a new joint venture to deploy digital postbox solutions.
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Egypt’s move to depreciate its pound will arrest foreign-capital outflows and boost the nation’s chances of winning the next International Monetary Fund (IMF) loan, according to Goldman Sachs Group…
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Mohamed Omran — the Chairperson of the Financial Regulatory Authority (FRA) — said that President Abdel Fattah Al-Sisi issued Law No. 13 of 2022 amending some provisions of Capital Market Law No. 95…
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