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CBE receives 39 bids worth €819.5m for euro-denominated T-bills

The Central Bank of Egypt (CBE) has received 39 bids from local and foreign investors to cover the tender of local treasury bills (T-bills) denominated in euro, with a total value of €819.5m.
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Egypt’s food exports to EU up to $437M in 8M

Egypt’s food exports to EU countries jumped 31 percent during the period from January to August 2021, registering a rise estimated at $437 million, compared with the same period a year earlier, the…
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Egypt one of two most important ICT markets in Africa: Vertiv

The Egyptian market has many investment opportunities, especially due to the government’s ongoing digital transformation process, Nassif Yazbeck, Sales Director at Vertiv for digital solutions in the…
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CBE, GAFI, and I-Score agree to exchange data electronically, facilitate procedures for investors

The Central Bank of Egypt (CBE) signed a cooperation protocol with the General Authority for Investment and Free Zones (GAFI) and the Egyptian Credit Bureau (I-Score) to exchange data and information…
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Egypt’s annual headline inflation jumped to 7.3% in October – CAPMAS

Egypt's annual headline inflation rate recorded 7.3% in October, compared to 4.6% in the same month a year earlier and 8.0% in September 2021, official data showed.
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South African Vodacom submits initial offer to acquire stake in Vodafone Egypt

Telecom Egypt announced that the South African group Vodacom has made an initial offer to acquire Vodafone Group's stake in Vodafone Egypt.
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CI Capital Holding’s profit surges to EGP 1.2bn in 9M

The consolidated net profits of CI Capital Holding For Financial Investments hiked by 268.9% year-on-year (YoY) to EGP 1.22 billion in the first nine months of 2021, compared to EGP 330.77 million,…
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Egypt’s Housing Bank posts an increase in its standalone profits in 9M

Housing and Development Bank (HD Bank) logged standalone net profits of EGP 1.43 billion in the first nine months of 2021, slightly up from EGP 1.42 billion in the year-ago period, the unaudited…
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SAIB posts an increase in its profits 7% in 9M

Societe Arabe Internationale de Banque (SAIB) reported net profits of $14.17 million in the first nine months of 2021, an increase of 7% year-on-year (YoY) from EGP $13.18 million, the unaudited…
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Egypt, China ink new economic, technical cooperation agreement

Egypt and China signed a new economic and technical cooperation agreement, within the framework of the strategic relations between both countries, alongside the joint development efforts, according to…
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