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Egypt, UAE central banks sign MoU to boost coop. in banking supervision
The Central Bank of Egypt (CBE) signed a memorandum of understanding (MoU) with the Central Bank of the United Arab Emirates (CBUAE) to strengthen cooperation in banking supervision.
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Egypt signs MoU with each of Sudan, South Sudan on mutual investment
Egypt signed an MoU with each of Sudan and South Sudan on enhancing bilateral investment relations in the opening of an investment promotion agencies (IPAs) Africa 1.
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FRA approves establishing first SME-focused private equity firm
The Egyptian Financial Regulatory Authority (FRA) approved the establishment of the first private equity company focused on investing in small- and medium-sized enterprises (SMEs), according to local…
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Egypt invests EGP 350bn in improving services in Upper Egypt in six years
Egypt invested EGP 350 billion in establishing several utility and local development projects in Upper Egypt governorates in the last six years, according to the Egyptian Minister of Local…
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Egypt expects $4bn additional funds following inclusion in FTSE’s new index
The Finance Ministry is expecting an additional $ 4 billion in foreign inflows into Egyptian debt on the back of Egypt’s inclusion in the FTSE Russell’s new frontier-market sovereign bond index,…
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Afreximbank provides a $200mln loan to Banque Du Claire for African investments
African Export-Import Bank (Afreximbank) and Banque du Caire (BDC) signed a final agreement on Afreximbank’s US$200 million Intra-African Investment Finance Facility to support BDC’s expansion across…
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Egypt will establish new Polish industrial zone in Ain Sokhna
Poland is choosing Egypt to build its first overseas industrial zone, as it will be in Egyptian canal city of Ain al-Sokhna.
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Egypt discusses necessity of digitizing world’s industries, trade channels with UNIDO
Egypt discussed the necessity of digitizing the world’s industries and trade channels in alignment with the global sustainability targets with the United Nations Industrial Development Organization…
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World Bank says Egypt’s real GDP to grow 5.5% in FY 2022/23
Egypt’s real gross domestic product (GDP) will grow 4.5 percent in the financial year 2021/2022 – down from projections in October – and then the economy will boom 5.5 percent in the 2022/2023, the…
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EGX to launch Tamayoz index within days
The Egyptian Exchange (EGX) approved the mythology of the new Tamayoz index, expected to be launched in the coming days.
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