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Egypt’s textile exports surged to $287M in 2 months
Egypt’s textile exports surged by about 25 percent to $287 million in January and February 2022, up from $229 million in the same period of 2021, the Textile Export Council said.
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AAIB, NBE provides EGP1.8bn syndicated loan to Hassan Allam’s subsidiary
National Bank of Egypt (NBE) and the Arab African International Bank (AAIB) signed on April 5th an EGP 1.8 billion 7-year syndicated loan with a subsidiary of Hassan Allam Properties to fund a…
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Egypt is hosting North Africa Trade Finance Summit on June 7-8
Egypt is hosting on June 7-8 the North Africa Trade Finance Summit (NATF 2022), which will be held over two days having under theme "Improving Trade Resilience Amid Series of Global Supply Chain…
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Egypt food exports reach $625M in first two months
Exports of the Egyptian food industry increased by 3 percent in the first two months of 2022, recording $625 million against $609 million in the corresponding period in 2021, according to Chairman of…
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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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