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OPPO, ITIDA sign MoU for $20m investments in Egypt
Egypt's Information Technology Industry Development Agency (ITIDA) has signed a memorandum of understanding (MoU) with OPPO, a China-based consumer electronics manufacturer.
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Elsewedy Electric’s subsidiary signs 3 deals worth EGP 2.2bn
Elsewedy Electric Co announced that its 99.80%-owned subsidiary, El Sewedy Electric for Trading and Distribution, has signed three contracts to execute the South Valley development project in Toshka.
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Egypt’s investments in Africa up to $10.2 bln: Trade minister
Egyptian investments in Africa rose by $1.2 billion in 2021 to $10.2 billion, and trade volume with Ivory Coast has risen to $149 million, an increase of 178.5 percent compared to 2020, Egypt’s…
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FRA, GAFI form committee to improve investment environment
Mohamed Farid, Chairperson of the Financial Regulatory Authority (FRA), and Mohamed Abdel Wahab, Executive Director of the General Authority for Investment and Free Zones (GAFI) met to set up a…
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Saudi’s Public Investment Fund’s arm buys stakes in four Egyptian firms for $1.3bn
The Sovereign Fund of Egypt (TSFE) said the Saudi Egyptian Investment Company (SEIC), wholly owned by Saudi’s Public Investment Fund (PIF), has acquired state-owned minority stakes in four Egyptian…
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Saudi Arabia will establish a new firm to attract $10 billion investments in Egypt
Saudi Arabia’s Public Investment Fund (PIF) will launch a new company in Egypt to invest in the promising sectors worth $10 billion (EGP194 billion), a statement by the fund said
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Homzmart’s investments posted $40m after solid launch in Saudi
Homzmart — the Middle East’s one-stop shop for furniture and home goods — landed a Pre-Series B investment of $23m recently, bringing its total investments up to almost $40.
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Indian companies aim to inject nearly $700m investment in Egypt : Ambassador Gupte
Egypt is one of the most important investment destinations for India in the region, with a total $3.15bn investment. Indian companies aim to inject more $700m investment in Egypt over the next few…
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West Cairo to witness increase in volume of investments
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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Egypt’s Regulator to up financing for non-banking financial sector to EGP 820bn by 2026
The Financial Regulatory Authority (FRA) is expected to diversity the activities of the non-banking financial sector, allowing the increase of non-traditional financing granted to EGP 820bn by 2026…
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