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Commercial International Bank (CIB), one of Egypt’s largest private banks, is planning to provide an extra financing worth 100 million Egyptian pounds ($5.1 million) to Aman for Microfinance to be…
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Orascom Construction Plc has signed an agreement with the Internal Trade Development Authority (ITDA) to build, own, and operate a strategic warehouse in Egypt's Fayoum governorate. The strategic…
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The Sovereign Fund of Egypt plans to take military-owned filling station Wataniya and bottled water company Safi public on the EGX before the end of 2022, according to a a cabinet statement.
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Import challenges facing manufacturers will be solved within two months, President Abdel Fattah El Sisi said yesterday (watch, runtime 8:37).
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CBE wins largest share of AFI awards for combating poverty, unemployment, promoting sustainable development
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Egypt has witnessed on Monday a ground-breaking spike in its natural gas export revenues, which have increased 13-fold over the past eight years, according to a report issued by the Cabinet’s…
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Following the 2020 takeover of a 75% stake by EFG Hermes Holding and GB Capital in Tokio Marine Egypt Family Takaful, the company has been rebranded to Kaf.
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Egypt’s net foreign direct investment (FDI) inflows surged by 53% to $7.30 billion during the July 2020-March 2022 period, Akhbar Elyom cited Mohamed Abdel Wahab, CEO of the General Authority for…
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A High-level Spanish business delegation will be visiting Egypt by the end of this month as the Egypt-Spain Multilateral Partnership Forum.
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The British pound fell to all-time low against the U.S. dollar early Monday after Treasury chief Kwasi Kwarteng pledged further tax cuts, fueling concerns about the government's economic policy.
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