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Egypt PMI falls to 21-month low in March – S&P Global
Egypt’s non-oil economy suffered a strong decline in business conditions in March, with its Purchasing Managers’ Index (PMI) falling to 21-month low, a survey showed on Tuesday.
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Saudi Arabia’s solutions by stc to acquire majority stakes in Egypt’s Giza Systems
Arabian Internet and Telecommunication Co., also known as 'solutions by stc', signed a binding deal to buy controlling stake in Egypt's Giza Systems Co.
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Uruguay, Egypt may cooperate to build green hydrogen together
Uruguay is looking to reach a framework agreement with Egypt to work together on green hydrogen production, Egyptian Minister of Industry and Trade Nevine Gamea said
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Egypt’s sovereign fund, UAE’s ADQ deal includes stakes in listed, unlisted firms
Abu Dhabi wealth fund ADQ could acquire stakes in both listed and unlisted Egyptian companies as part of its investment in Egypt, Soliman told Al Arabiya TV.
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Egypt’s SFE may sell stakes in Wataniya, 3 Siemens-built power to Saudi Arabia’s PIF
The Sovereign Fund of Egypt (SFE) is looking at the possibility of cooperation with Saudi Arabia’s sovereign, wealth fund Public Investment Fund (PIF), selling stakes in military-owned Wataniya…
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Edita Food Industries opens its Moroccan plant
Edita Food Industries, a leading Egyptian firm in the packaged snack food market, has officially inaugurated its Moroccan plant according to a recent press release
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NBE tops African syndicated loans league table in Q2022 -Bloomberg
Egypt’s biggest state lender, the National Bank of Egypt (NBE) was at the top of Bloomberg’s African syndicated loans league table as a financing agent, lead manager and promoter in 1Q2022, according…
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EFG Hermes tops EGX’s brokerage league in March
Egypt-based investment and financial holding company topped the EGX’s brokerage league table once again in March, with a market share of 23.5%, according to figures from the EGX.
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Egypt’s Arab African International Bank says net profit jumped 70.7% in 2021
Egypt’s first Arab multinational bank Arab African International Bank (AAIB) reported on Monday a 70.7 percent year-on-year growth in net profit after tax for 2021.
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Egyptian political leadership assigns pivotal importance to commercial representation; Gamea
The Egyptian political leadership pays great attention to commercial representation for its key role in fostering economic and trade relations with world countries and international economic blocs,…
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