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The International Monetary Fund (IMF) has maintained its projections for Egypt’s real GDP growth in 2022 at 5.9 percent, while revising it down to 4.8 percent in 2023, said Petya Koeva Brooks the…
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Orascom Development Egypt (ODE) announced that its subsidiary Orascom for Real Estate (ORE) has signed a facility agreement worth 1.5 billion Egyptian pounds ($79.3 million) with Commercial…
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Egypt will host the representatives of 42 African countries at the General Assembly and the Board of Directors’ committee meetings of the African Reinsurance Corporation (Africa Re) on Wednesday after…
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The first official meeting of the Higher Committee for Industrial Partnership, comprising Egypt, the UAE, and Jordan, was held in Cairo on Monday. The committee agreed to conduct feasibility studies…
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Commercial International Bank (CIB), one of Egypt’s largest private banks, reported on Monday a net profit worth 7.773 billion Egyptian pounds ($410.4 million) for the first half of the year.
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The European Union (EU) has provided Egypt with a grant of EUR 117.90 million to support the country’s water and energy sectors, the Minister of International Cooperation, Rania El-Mashat, announced.
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Tarek Shoukry — Head of the Real Estate Development Chamber at the Federation of Egyptian Industries and Undersecretary of the Housing committee at the House of Representatives — expects the coming…
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The Ordinary General Assembly of the Federation of Egyptian Banks approved the results of the candidacy for membership in the Federation’s Board of Directors on Sunday.
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EFG Hermes has announced the successful close of an EGP425 million ($22.4 million) securitized bond issuance for real estate powerhouse Pioneers Properties for Urban Development and its affiliates –…
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As part of Saib’s continued efforts to implement their expansion plan in various parts of the country, the bank recently opened a new branch in Shebin Al-Koum, Menoufiya, in accordance with the new…
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