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MSMEDA, Amazon sign MoU to help enterprises market their products
Micro, Small, and Medium Enterprise Development Agency (MSMEDA) and Amazon Egypt signed memorandum of understanding (MoU) in order to help enterprises market their products through Amazon.eg store.
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Egypt to send a delegation to India for wheat import next month
Egypt will send a delegation to India in the first week of April for wheat imports as the country seeks to secure supplies and cover shortage at one of the world’s biggest grain importers, according…
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Saudi Arabia deposits $5 billion in Egypt’s central bank; Saudi official press
Saudi Arabia has deposited $3 billion in Egypt’s central bank, the state-run Saudi Press Agency reported on Wednesday.
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Fawry sold a 6% stake in EGP 1.05 bn block transaction
The Egyptian Exchange (EGX) has announced an EGP 1.05 billion block deal on the shares of Fawry for Banking Technology and Electronic Payments.
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Banque du Caire Signs the UN Principles for Responsible Banking
Banque du Caire has become an official Signatory of the UN Principles for Responsible Banking – a single framework for a sustainable banking industry developed through a partnership between banks…
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NBE raises $11 billion from high-yield certificates in 9 days
Egypt’s biggest state lender, the National Bank of Egypt (NBE) has raised 200 billion Egyptian pounds ($10.9 billion) from the high-yielding savings certificates it introduced nine days ago, deputy…
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Banque Misr raises EGP 87 billion from high-yield certificates in 8 days
Egypt’s second-largest state lender Banque Misr has collected 87 billion pounds ($4.75 billion) from the high-yielding savings certificates it introduced eight days ago, said chairman Mohamed…
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ADIB-Egypt bank to increase capital to EGP 5 billion in August
Abu Dhabi Islamic Bank – Egypt (ADIB-Egypt) said on Monday it plans to hike its issued and paid-up capital to 5 billion Egyptian pounds ($273.2 million) at the end of next August.
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Egypt cuts 2022 GDP forecast to 5.7% due to Ukraine war – minister
Egypt has lowered its GDP forecast in 2022 to around 5.7 percent from 6.4 percent due to the effects of Russia’s war in Ukraine, planning minister announced
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France provides EUR 777 mn for the Cairo Metro Line 1 revamp
Egypt signed a loan agreement with the French government for EUR 776.9 mn to fund the 55 new trains for Cairo Metro Line 1 being supplied by French manufacturer Alstom, according to a cabinet…
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