News

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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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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Egypt lifted on Sunday a ban on Ramadan charity banquets, ending a two-year suspension on the popular tradition due to the COVID-19 pandemic.
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 Egyptian Financial Group Hermes Holding (EFG Hermes) reported a year-on-year (YoY) surge of 12% in revenues to EGP 6.1 billion in 2021, exceeding the EGP 6 billion mark for the first time.
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Egypt's budget deficit hit EGP 368 billion from July 2021 to February 2022, compared to EGP 320 billion during the same period a year earlier, the Finance Ministry said in a report Thursday.
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Ethiopia's government on Thursday declared "an indefinite humanitarian truce effective immediately", saying it hoped to help hasten delivery of emergency aid into the Tigray region, where hundreds of…
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Abu Dhabi’s sovereign wealth fund ADQ agreed with Egyptian authorities to invest around $2 billion by buying state-held stakes in some companies, including the country’s largest listed bank CIB, a…
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The Egyptian National Postal Organisation and Bahrain-based Beyon Connect, a subsidiary of Batelco, reached an agreement to establish a new joint venture to deploy digital postbox solutions.
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Egypt’s move to depreciate its pound will arrest foreign-capital outflows and boost the nation’s chances of winning the next International Monetary Fund (IMF) loan, according to Goldman Sachs Group…
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More than 80 percent of Sudan's wheat imports are at risk after Russia's invasion of Ukraine, an aid group warns, exacerbating economic and humanitarian crises that deepened after last year's military…
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