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Fawry’s stock hits new high following capital raise approval
The share price of the e-payment solutions provider Fawry for Banking Technology and Electronic Payments reached an all-time high of EGP 38.5, after rising by 2.05 percent at the end of Tuesday’s…
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Global economy expected to expand by 4% in 2021, recovery to be subdued: WB
The World Bank has said in its semi-annual Global Economic Prospects report. Output will likely expand 4% in 2021, down from a 4.2% the Bank had forecast in its June report, before slowing to 3.8% in…
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Egypt’s central bank instructs banks to speed up cash transfers
The Central Bank of Egypt (CBE) issued new instructions for banks to expedite the transfers denominated in the Egyptian pound as part of the country’s efforts towards digital transformation.
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EGX to launch new index for small- and mid-cap stocks in February
The Egyptian Exchange (EGX) is expected to launch a new index named “Tamayoz” which will include small- and medium-sized companies in February 2021.
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Qatari Diar inaugurates St. Regis Cairo Hotel
The Qatari Diar Company inaugurated the St. Regis Cairo Hotel in the presence of the Qatari Minister of Finance, Ali Sherif Al-Emadi, the US Secretary of Treasury, Stephen Mnuchin, and the Egyptian…
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Egypt’s business activity contracts in December on covid-19 fears, IHS Markit
Egypt’s non-oil private sector recovery stalled again in December as covid-19 cases climbed steadily throughout the month, causing muted consumer demand, according to IHS Markit’s purchasing manager’s…
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Egypt’s engineering exports hit $1.1bn in 5M, increasing 6 %
Egypt’s engineering exports increased by 6 percent year-on-year to $1.11 billion during the first five months of fiscal year 2020/2021, compared to $1.05 billion, according to data released by the…
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Egypt secures $12.7bn funding from IsDB in two years
Egypt landed the third place among the top 10 countries that benefited the most from the Islamic Development Bank (IsDB) Group’s financial allocations from August 2018 until December 2020.
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Egypt to launch first ever exhibition for eco-friendly vehicles on Monday
Egypt’s first “Go Green Exhibition”, highlighting the conversion of vehicles to clean energy and replacement technologies, will start on Monday at the Egypt International Exhibition Center (EIEC).
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AfCFTA to provide 1.5 bn job opportunities, achieve trade exchange worth $3.4 tn: EJB
The African Continental Free Trade Agreement (AfCFTA) is projected to offer jobs for more than 1.5 billion people, with a projected trade exchange worth $3.4 trillion, the trade committee of the…
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