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Rising global wheat prices could cost the government an additional EGP 15 bn this fiscal year, Finance Minister Mohamed Maait told Bloomberg Asharq
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Egypt’s banks processed 1 bn electronic transactions in 2021 worth a total of EGP 2.8 tn, said the Central Bank of Egypt’s Sub-Governor for Payment Systems and Business Technology Ayman Hussein,…
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The volume of Islamic banking in Egypt amounted to EGP 429bn in 2021, with a growth rate of 17.4%, according to a report from the Egyptian Islamic Finance Association (Eifa).
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Egyptian businessman Hisham Talaat Moustafa has ranked 27th on Forbes’ list of Top 50 Travel & Tourism Leaders.
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The International Monetary Fund (IMF) warned that war in Ukraine and sanctions on Russia will have a substantial impact on the global economy and financial markets, with significant spillovers to…
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The central bank issued updates to its response to importers’ inquiries on its rules requiring them to get letters of credit (L/Cs) for their purchases.
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African Export-Import Bank (Afreximbank) and the Djibouti Chamber of Commerce (CCD) conducted a three-day business roadshow in the country, to promote the Bank’s programmes, facilities, and…
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TAQA Arabia has signed a memorandum of understanding (MoU) with Tanzanian government officials to develop several gas delivery projects in the presence of President of Tanzania Samia Hassan.
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Egypt’s net foreign reserves increased to around $40.993 billion at the end of February from $40.980 billion at the end of January, a central bank data showed on Thursday.
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Egypt’s non-oil business activity continued to decline for the fifteenth consecutive month in February but at a slower pace than the previous month, according to IHS Markit’s purchasing managers’…
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