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High-level Spanish delegation to visit Cairo for new trade, investment opportunities
A High-level Spanish business delegation will be visiting Egypt by the end of this month as the Egypt-Spain Multilateral Partnership Forum.
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Elsewedy Electric confirms EGP 2bn credit facility deals with 7 banks
Elsewedy Electric Co has announced it will sign the final agreement to obtain credit facilities from 7 banks
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The real estate sector is the most active in the EGX with turnover of EGP 1.3bn
The real estate sector topped the list of the most active sectors listed on the Egyptian Exchange (EGX) during last week’s transactions with a trading value of EGP 1.3bn.
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We are committed to taking exceptional measures to facilitate imports release: Maait
Egypt’s Minister of Finance Mohamed Maait said that the government is committed to taking all measures to facilitate the release of imports and ease the burdens on investors against the global crises…
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Egypt seeks to gain $6 billion by June from sale of state firms
Egypt seeks to raise up to $6 billion before the middle of next year by selling stakes in state-owned firms, the country’s Planning Minister Hala al-Saeed said.
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Egypt aims to increase renewable energy by 42% in 2035 –Minister
Egypt plans to increase renewable energy by 42% in 2035 based on several steps it has taken towards achieving this goal, Minister of International Cooperation, Rania El-Mashat.
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Agreement with IMF may take a month or two: Finance Minister
Egypt is willing to reach an agreement to obtain finance from the International Monetary Fund (IMF) within a month or two, according to Finance Minister Mohamed Maait, reported by Bloomberg.
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Egypt’s Central Bank decides to keep key policy rates unchanged
In its meeting today, the Monetary Policy Committee (MPC) decided to keep the Central Bank of Egypt’s (CBE) overnight deposit rate, overnight lending rate, and the rate of the main operation unchanged…
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Maersk Plans to Invest $15 Billion in Egypt to produce green fuel for ships
Egypt’s President Abdel Fattah Al-Sisi received, on Monday, CEO of Maersk Soren Seko to discuss a project to produce clean fuel for ships in Egypt with $15bn investment, which will provide more than…
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CBE issues new decisions, controls to regulate import operations, cash deposits in foreign currencies
The Central Bank of Egypt (CBE) has relaxed restrictions on the use of foreign currencies for imports in a bid to ease the buildup of goods at ports, according to a document circulating among banks.
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