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Egypt’s Vision 2030 updated in line with changes caused by COVID-19
Egypt has updated its Vision 2030 in line with social and economic developments, following the country’s success in implementing its economic reform programme, and the changes caused by the novel…
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IMF forecasts Egypt’s economy to record 2.8% growth in FY 2020/21
The International Monetary Fund (IMF) raised its growth expectations for Egypt’s economy to 2.8 percent in the current fiscal year (FY) 2020/21, despite the coronavirus pandemic.
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IMF praises Egypt’s measures to contain COVID-19 pandemic impacts
International Monetary Fund (IMF) has lauded Egypt's measures to address the impacts from the outbreak of the Covid-19 pandemic.
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Egyptian President inspects Mostaqbal Misr project for sustainable agriculture
President Abdel Fattah El-Sisi inspected on Friday Mostaqbal Misr project for sustainable agriculture in Dabaa city, Marsa Matrouh governorate.
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Egypt, Tunisia to establish maritime trade route
Egypt and Tunisia will inaugurate a maritime trade route to strengthen bilateral trade and investment relations.
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EGP continues its gains against USD on rising foreign reserves
The US dollar exchange rate dropped against the Egyptian pound by EGP 0.04 in the first week of 2021 as foreign reserves rose to more than $40 billion.
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NBE opens new branch in Ismailia
Egyptian state owned bank, National Bank of Egypt (NBE) opened a new branch inside Irshad Building in Ismailia.
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Fawry’s stock hits new high following capital raise approval
The share price of the e-payment solutions provider Fawry for Banking Technology and Electronic Payments reached an all-time high of EGP 38.5, after rising by 2.05 percent at the end of Tuesday’s…
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Global economy expected to expand by 4% in 2021, recovery to be subdued: WB
The World Bank has said in its semi-annual Global Economic Prospects report. Output will likely expand 4% in 2021, down from a 4.2% the Bank had forecast in its June report, before slowing to 3.8% in…
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Egypt’s central bank instructs banks to speed up cash transfers
The Central Bank of Egypt (CBE) issued new instructions for banks to expedite the transfers denominated in the Egyptian pound as part of the country’s efforts towards digital transformation.
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