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Egypt, Afreximbank explore strengthening cross-border trade in Africa
African Export and Import Bank (Afreximbank) and Egypt has discussed the bank’s current and future projects and programmes in the Egyptian market, as well as strengthening cross-border trade in the…
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Egypt’s al-Sisi, DR Congo counterpart address regional, African issues
Egypt’s President Abdel Fattah Al-Sisi held a phone conversation, on Saturday, with his Democratic Republic of Congo (DRC) counterpart Felix Tshisekedi, to discuss issues of regional and African…
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Japan’s Mitsubishi will sign contract to supply rolling stock of Cairo metro line 4
Japanese Mitsubishi Corporation is scheduled to sign a contract on supplying the rolling stock of the first phase of Cairo metro line four, according to statement by the Egyptian transportation…
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NBE, Banque Misr provide EGP 50m to support small farmers
The National Bank of Egypt (NBE) and Banque Misr agreed to provide EGP 50 million to implement The World Food Programme in 40 villages in Upper Egypt o help smallholder farmers in Upper Egypt increase…
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Africa’s trade to rebound in 2021 — Afreximbank
PAN-African financial institution, Afreximbank projects that the continent’s trade performance will rebound strongly in 2021 driven by demand for African exports and global economic recovery.
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Banque du Caire signs deal to manage Etisalat’s digital wallet
Banque du Caire signed a cooperation of protocol with Etisalat Misr to manage the digital wallet of Etisalat Cash.
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EGP 481bn increase in financial position of banks in Egypt during Q3
The total financial position of banks operating in the local market, other than itself, reached about EGP 6.889trn in September 2020, up from about EGP 6.408trn in June 2020, an increase of about EGP…
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Egypt likely the only economy in MENA to expand in 2020: Oxford Business
Egypt’s economy is expected to be the only one in the Middle East and North Africa (MENA) region to expand in 2020 despite the ongoing COVID-19 crisis, based on the country’s economic resilience and…
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EBRD provides Egypt with $12 mn loan to support tourism sector
The European Bank for Reconstruction and Development (EBRD) has provided Egypt with $12 million in order to support the tourism sector.
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NBE leads banking alliance to provide EGP 2bn in financing to Oilex
The National Bank of Egypt (NBE) is leading an alliance of banks working in the Egyptian market to arrange an increase in financing for Oilex, an Egypt-based international company for the extraction…
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