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Egypt is aiming to start producing an electric car in mid-2022, Public Enterprise Minister Hisham Tawfik said on Tuesday.
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The net profits of Orascom Development Egypt (ODE) leapt by 377% year-on-year (YoY) to EGP 438.46 million in the first quarter (Q1) of 2021, compared to EGP 91.85 million, including minority…
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The US-based oil and gas producer Apache has invested more than $20 billion in Egypt, the Regional Vice President and General Manager, David Chi, said.
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Elsewedy Electric has entered the Asian market through its acquisition of shares in two companies involved in the transformer sector in Indonesia and Pakistan, valued at $60m. In a statement to the…
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The National Bank of Egypt (NBE) has signed a cooperation protocol with the Egyptian Countryside Development Company (ECDC) to finance investors benefiting from the national project to reclaim,…
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Global economic activity continues to show varying paces of recovery across countries and economic sectors, as the impact of the COVID-19 pandemic continues to weigh on the outlook, according to the…
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S&P Global Ratings (previously Standard & Poor's), an American credit rating agency, affirmed its 'B/B' long- and short-term foreign and local currency sovereign credit ratings on Egypt with a…
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The National Bank of Kuwait – Egypt (NBK Egypt) has seen a net profit of 404.11 million Egyptian pounds during the first quarter (Q1) of 2021, slightly up from 402.7 million pounds a year earlier
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Egypt’s keenness to back the Afreximbank’s efforts to support the African continent amid the novel coronavirus (COVID-19) pandemic has been affirmed by Minister of Finance Minister Mohamed Maait
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Egypt’s net foreign reserves slightly rose to $40.343 billion at the end of April from $40.337 billion at the end of March, a central bank data showed on Wednesday.
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