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Egypt’s e-commerce transactions to reach EGP 80 billion in 2021, EJB
The e-commerce transactions in Egypt seen recording 80 billion Egyptian pounds ($5.1 billion) by the end of 2021, said Sherif Makhlouf, an Egyptian Junior Businessmen Association (EJB) member.
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Egypt’s Central Bank keeps interest rates fixed for the last time in 2021
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) on Thursday kept the overnight deposit rate, overnight lending rate, and the rate of the main operation unchanged at 8.25…
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Agricultural Bank of Egypt launches initiative to settle EGP 4bn worth debt
The Agricultural Bank of Egypt announced a new initiative to settle about EGP 4bn of debt in the bank, benefiting more than 45,000 customers.
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Egypt welcomes cooperation with African cities within UCLG
Egypt welcomes any proposal for cooperation at the bilateral, regional, and continental level between African cities within the framework of the United Cities and Local Governments of Africa (UCLG…
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France’s AFD on track to sign €150mn deal with 3 Egyptian banks in Q1-2022, sources
The French Development Agency (AFD) is expected to sign a new financing agreement worth around €150 million ($169 million) with three Egyptian public lenders within the first quarter of 2022, an…
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UAE’s ADQ opens new office in Egypt to invest in economic growth
ADQ, the Abu Dhabi-based holding company, has launched a new office in Egypt as part of the company's commitment to contributing to the country’s economic growth.
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No intention to delist SODIC from EGX after acquisition: Managing Director
Magued Sherif, Managing Director of SODIC, said that the UAE consortium of Aldar Properties and ADQ has requested the acquisition of a majority stake in SODIC, stressing that there is no intention to…
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Egypt implements plan to boost local manufacturing, exports: Gamea
Egypt is implementing a comprehensive strategy to deepen local manufacturing in the industrial sector and increase export rates, according to Nevine Gamea, Minister of Trade and Industry.
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HSBC Egypt launches EGP 3 billion Foras Trade Fund for SMEs
HSBC is committing EGP 3 billion of lending to support small and medium enterprises (SMEs) in Egypt to explore opportunities overseas and drive international growth through trade and expansion into…
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Egypt to open first green hydrogen plant in November 2022 – official
Egypt plans to launch its first green hydrogen plant in November 2022 to coincide with its hosting of the COP27 United Nations Climate Change Conference, said chairman of the Egyptian sovereign fund…
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