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The National Bank of Egypt (NBE) has launched, for the first time in the Egyptian banking market, its new electronic payment service for corporates, “B2B”, whether large, medium, or small wholesalers,…
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Egypt’s manufacturing and extractive industries index went up 2.2% to record a reading of 116.05 in September from 113.56 in August, according to official data on Thursday.
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Orascom Construction announced on Wednesday it had joined a consortium with Fertiglobe, Scatec, and the Sovereign Fund of Egypt (TSFE) to develop Egypt’s first ever green hydrogen production facility.
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The volume of trade between Egypt and Bahrain rose to $370 million in the first half of the current year, up 127 percent, compared with $162 million registered in the same period of last year,…
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The volume of Islamic banking in Egypt increased to EGP 407bn in September 2021, an increase of 14.5% from September 2020.
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Commercial International Bank have approved the allocation of USD 70 mn in proceeds from its maiden green bond issuance to fund sustainable projects, the bank announced
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The Central Bank of Egypt will help fund the government’s push to reduce the amount of water used by Egyptian agriculture, announcing a multi-bn EGP program to help farmers switch to modern, more…
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Investor confidence in Egypt is showing a “marked improvement,” EFG Hermes Group CEO Karim Awad said at EFG Hermes’ Egypt Day conference yesterday.
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The Egyptian Financial Regulatory Authority (FRA) has approved a mandatory tender offer (MTO) submitted by a consortium of Aldar Properties and ADQ to acquire up to 90% and a minimum of 51% of the…
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Egypt has assumed the chairmanship of the Common Market for Eastern and Southern Africa (Comesa), a regional trade bloc that looks to align regulatory and trade policies of its 21 members
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