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Egypt sees 20% increase in exports during1Q 2022: Trade minister
Egypt’s exports increased by 20 percent in the first quarter (1Q) of 2022, compared to the same period in 2021, despite the global crises, according to Minister of Trade and Industry Nevine Gamea.
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Egypt’s Agriculture bank opens recently developed branch in Kharga
Mohamed Al-Zamlout, Governor of the New Valley, and Alaa Farouk, Chairperson of the Agricultural Bank of Egypt (ABE), have inaugurated the bank’s recently developed branch in the town of Kharga.
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ADCB – Egypt sees sturdy jump in net profits of 68% in 1Q 2022
The Abu Dhabi Commercial Bank – Egypt (ADCB) has announced its business results for the first quarter (1Q) of the current year 2022, as net profits rose by 68% on an annual basis to reach EGP 286m.
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Al Ahly Capital signs a deal with Orascom subsidiary to develop Abu Rawash industrial park
Suez Industrial Development Company (SIDC) has signed an agreement with Al Ahly Capital Holding (ACH), an investment arm of the National Bank of Egypt (NBE), to jointly establish an industrial park in…
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Egypt’s Sovereign Fund becomes a full IFSWF member
The International Forum of Sovereign Wealth Funds (IFSWF) — a global network of sovereign wealth funds from over 40 countries — admitted the Sovereign Fund of Egypt (TSFE) as a full member along with…
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Lafarge Egypt, Lumika Renewables Egypt pen $93m green deal
Lafarge Egypt, a member of Holcim Group, has inked a long-term contract worth $93 million with Lumika Renewables Egypt, a subsidiary of AP Moller Egypt, to supply electricity through solar cells.
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Egypt’s Housing Bank wins 2 awards for being most efficient bank in providing mobile, internet banking services
The Housing and Development Bank (HDB) won World Business Outlook ‘Most Reliable Mobile Banking Service Provider in Egypt Award’ and ‘Most Reliable Internet Banking Service Provider in Egypt Award’…
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CBE will not hesitate to take measures it deems necessary to curb inflation
The Central Bank of Egypt (CBE) will not hesitate to take the measures it deems appropriate to curb inflation, CBE Governer Tarek Amer.
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Egypt negotiates ‘limited’ loan with IMF, with no tough terms: Amer
Egypt’s central bank Governor Tarek Amer said on Wednesday that talks with the International Monetary Fund (IMF) were advancing.
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HSBC launches $1bn lending fund for female entrepreneurs in Egypt, 10 other markets
HSBC announced that it launched a Female Entrepreneur Fund that will provide $1bn in lending to female-owned businesses over the next 12 months in 11 markets, including Egypt.
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