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Societe Arabe Internationale de Banque (SAIB) reported net profits of $14.17 million in the first nine months of 2021, an increase of 7% year-on-year (YoY) from EGP $13.18 million, the unaudited…
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Egypt and China signed a new economic and technical cooperation agreement, within the framework of the strategic relations between both countries, alongside the joint development efforts, according to…
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Abu Dhabi Ports Group is looking to invest $500 million in the Egyptian Red Sea port of Safaga and the dry port of 10th of Ramadan, Head of Ports Cluster at Abu Dhabi Ports, Saif Al Mazrouei, told Al…
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The inauguration of the world's largest spinning and weaving factory in El-Mahalla El-Kubra is in the second half (H2) of 2022, expected the the Egyptian Ministry of Public Business Sector
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The startups in the information and communications technology (ICT) sector attracted investments worth $390 million during the first nine months of 2021, compared to $190 million a year earlier,…
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The Central Bank of Egypt's (CBE) board of directors approved the regulations governing the instant payment network (IPN) services in Egypt as part of its efforts towards reducing the usage of cash in…
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he Egyptian Minister of Finance, Mohamed Maait, said that President Abdel Fattah El-Sisi directed the government to expand into green economy investments in a bid to achieve comprehensive and…
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The Suez Canal Authority (SCA) will raise transit fees by 6% in 2022, the authority's Chairman, Osama Rabie, said. The decision will be applied as of February 2022 on all ships, excluding tourist…
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The British investments in Egypt are estimated at about GBP 50 billion, British Ambassador to Egypt, Gareth Bayley, was cited as saying in a TV interview. 
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The European Bank for Reconstruction and Development (EBRD) expects Egypt's economic growth to accelerate to 4.9% in fiscal year (FY) 2021/2022.
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