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The Agricultural Bank of Egypt (ABE) has inaugurated a new business development service centre in the 6th of October City, as part of the NilePreneurs Initiative launched by the Central Bank of Egypt…
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The Board of Directors of the African Development Bank approved a development financing for Egypt worth $271m, within the framework of the rapid financing mechanism to face the repercussions of the…
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The Central Bank of Egypt (CBE) has approved for Banque du Caire to launch the Telda prepaid card.
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Cairo-born mass transport app Swvl is continuing its buying spree with the acquisition of Mexico-based transport firm Urbvan Mobility, giving the Nasdaq-listed startup access to the second most…
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Fitch Solutions upgraded its projections for Egypt’s real GDP growth slightly to 6.1 percent during 2022, up from the six percent projected a month ago, according to the MENA Key Themes 2022: Mid-Year…
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The European Investment Bank and Banque Misr formally agreed to strengthen cooperation to further strengthen support for SME lending and increase financing for companies in sectors most impacted by…
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The value of US investments in Egypt increased to $9.2bn in FY2020/21, compared to the previous FY’s $7.7bn — an increase of 19.8% according to Data from the Central Agency for Public Mobilisation and…
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EFG Hermes announced that its investment banking division successfully concluded advising Auf Group’s founders and Tanmiya Capital Ventures (TCV) on the entry into a strategic transaction concerning…
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Minister of Finance Mohamed Maait assured that the government has allocated EGP 1.1 billion in the new budget to establish utilities for 13 industrial complexes in several governorates with the aim of…
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Egypt's trade balance recorded $1.7bn during April 2022, versus $3.62bn for the same month of the previous year — a decrease of 53%, according to he Central Agency for Public Mobilisation and…
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