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The Central Bank of Egypt (CBE) said that the net foreign assets of the local banking system rose by equivalent of EGP 23.923bn to about EGP 186.313bn in September 2021, compared to about EGP…
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The Egyptian Commercial Service has made available 1,189 export opportunities with an estimated value of $1.086 billion in the sectors of agricultural crops, food products, fertilizers, building…
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Egypt’s exports are expected to exceed $31 billion during 2021, after recording $29.087 billion during the first 11 months of the year with an annual increase of 27 percent, or $6.2 billion, according…
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Banks in Egypt reported a 16.9 percent surge in the size of deposits to 6.077 trillion Egyptian pounds ($386.8 billion) at the end of September from 5.196 trillion pounds at the end of December 2020.
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The Micro, Small, and Medium Enterprise Development Agency (MSMEDA) has signed an EGP 100 million microfinance contract with Banque Misr to support women.
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E-commerce platform Jumia announced the launch of JumiaPay Egypt as a payment service provider (PSP), after obtaining the Central Bank of Egypt’s (CBE) required licences and approvals, according to a…
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Minister of Trade and Industry Nevine Gamea has announced that Egyptian exports achieved positive indicators in 2021. The total value of Egyptian exports to foreign markets in the first 11 months of…
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Shareholders of Orascom Construction have approved the $35m worth acquisition of an importing company owned by the Sawiris family.
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The New Development Bank (NDB) set up by the BRICS group of nations said it had admitted Egypt as a new member.
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Minister of Trade and Industry Nevine Gamea has witnessed the signing of two cooperation agreements between Geyushi Motors and the Chinese Weichai Holding Group, one of the Shandong International…
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