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The USD 4 bn EuroAfrica Interconnector project, which will connect the electrical grids of Egypt, Greece, and Cyprus, got a huge boost over the weekend after Egypt signed MoUs with Greece and Cyprus.
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The Egyptian government aims during the current fiscal year to achieve a primary surplus of 1.5 percent of GDP, reduce the total deficit to 6.7 percent, and reach growth rates of 5.4 percent,…
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Alain Pilloux, vice president of the European Bank for Reconstruction and Development (EBRD) is visiting Egypt from October 17-20 for high-level meetings with government officials to discuss the…
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Remittances from Egyptian expatriates climbed 10.2 percent or $1.7 billion during the first seven months of 2021, recording $18.7 billion, compared to $17 billion during the same period of 2020,…
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Egypt's exports to Spain largely increased 69.1% to record €450.7 million in the first half of 2021 compared to €266.4 million during the same period in 2020, according a report on the Egyptian…
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Mashreq Bank Egypt has announced a strategic long-term partnership with Visa, the world’s leader in digital payments technology to support e-payments and provide digital solutions through the launch…
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The National Bank of Egypt (NBE) has managed to support a number of defaulting businesses and bring their economic activities back to life.
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Egypt's furniture exports rose by 19% year-on-year (YoY) to $161.413 million during the first eight months of 2021, compared to $136.154 million, according to local press.
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The European Bank for Reconstruction and Development (EBRD) is increasing economic opportunities in Egypt by collaborating with Hyundai Rotem to offer certified training to 80 unemployed young people.
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Six of October Development and Investment (SODIC) signed a long-term syndicated facility worth EGP 1.57 billion with Arab African International Bank (AAIB) and Banque Misr (BM) to finance the…
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