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Egypt’s state grains buyer GASC was forced once again to cancel its wheat tender on Monday on the back of sharply higher prices as supply worries mount in the wake of Russia’s invasion of Ukraine.
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CIB has been disclosing its environmental impact to the Carbon Disclosure Project since 2018
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Egypt plans to sell stake in the state company behind its new capital city, Administrative Capital for Urban Development (ACUD), on the country’s stock exchange within two years, the company’s head…
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Egypt’s revenues from the Suez Canal, excluding the navigation services, surged 15.1 percent year-on-year to $545.5 million in February, said the canal’s authority chairman Osama Rabie on Tuesday.
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The Micro, Small and Medium Enterprise Development Agency (MSMEDA) has launched a venture capital fund with USD 50 mn from the World Bank, according to a press release.
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The Central Bank of Egypt (CBE) said on Saturday that nearly 8,100 vehicles benefited from the initiative launched by the State to replace old vehicles with dual-fueled ones at a total of two billion…
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Al Morshedy Mall has signed an EGP 700 million financing agreement with Al Baraka Bank-Egypt to establish a new commercial centre in the fifth settlement.
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Egypt has reviewed plans to deal with the economic impacts of the Russia-Ukraine crisis that the country will possibly face, including on wheat imports, the flow of tourism, and petroleum prices.
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Egypt has reportedly appointed six international banks to manage its maiden $ 2 billion sovereign sukuk issuance, Bloomberg reports, citing unnamed sources it says have knowledge of the matter.
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Business tycoon Naguib Sawiris urged authorities in Egypt to buy and stock more quantities of wheat as Europe’s eastern flank is on the brink of war after Russia ordered troops into breakaway regions…
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