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Egypt’s Minister of Trade and Industry, Nevine Gamea, revealed that bilateral trade between Egypt and Sudan reached $862 million during 2020.
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The United Kingdom has expressed its desire to develop its economic relations with African countries, and to become one day the continent’s main investor.
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Africa’s economy shrank by 2.1 percent in 2020 and is expected to grow by 3.4 percent in 2021 as the global economy recovers from the COVID-19 pandemic and its severe impacts, according to the…
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The Secretary-General of the African Continental Free Trade Area (AfCFTA), Wamkele Mene, said the rate of intra-African trade represents only 18 percent, compared to 70 percent among Europe's…
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The African Development Bank (AfDB) and the European Investment Bank (EIB) have signed a joint partnership action plan aiming to stimulate public and private sector investments in Africa amid the…
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A consortium led by Bombardier Transportation has confirmed on Wednesday a deal with the Egyptian government to build two new monorails thanks to £1.7 billion ($2.3 billion) backing from UK Export…
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A high-level delegation from the African Continental Free Trade Area (AfCFTA), has visited on Tuesday Egypt’s Suez Canal Economic Zone (SCZone) project located in Ain Sokhna to explore investment…
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Export Development Bank of Egypt (EBE) approved a proposal to raise its paid-up and issued capital to 3.27 billion Egyptian pounds from 2.72 billion pounds.
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The Egyptian banking sector is expected to be stable in 2021 even as profitability comes under pressure due to falling net interest margins and growing non-performing loans, according to Moody’s…
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First Abu Dhabi Bank (FAB) has signed a definitive agreement for the acquisition of 100 percent share in Bank Audi’s Egyptian subsidiary, the two banks announced in a joint statement on Wednesday.
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