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Egypt’s engineering industry exports increased by 44% to $1.957bn in the first eight months (8M) of 2021, compared to $1.357m during the same period last year, according to the Engineering Export…
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The Central Bank of Egypt (CBE) revealed that the total financial position of banks operating in the local market, other than CBE, increased to about EGP 7.948trn in June 2021, compared to EGP…
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Egypt’s Minister of International Cooperation Rania Al-Mashat has discussed with officials from the African Development Bank (AfDB) boosting bilateral cooperation across various sectors, including…
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The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) has maintained the overnight deposit rate, overnight lending rate, and the rate of the main operation unchanged at 8.25 percent,…
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Egypt is establishing a new air route to Democratic Republic of Congo’s capital Kinshasa within March next year, Egyptian Minister of Civil Aviation Mohamed Manar announced.
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Remittances from Egyptians working abroad increased 13.2% year-on-year to a record $31.4 billion in the financial year that ended in June 2021, the central bank said on Wednesday.
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EFG Hermes’ consumer finance subsidiary Valu has kicked off its EGP 2 bn securitization program with a EGP 323 mn bond issuance, according to a statement (pdf) yesterday from the financial services…
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Egypt is commitment towards continuing the structural reforms to create a conducive environment for investment, expand in providing incentive packages to scale up the private sector's engagement in…
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The European Bank for Reconstruction and Development (EBRD) has provided €25m in favour of October Dry Port Company to finance the design, development, construction, operation, and maintenance of the…
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Egypt aims to achieve a positive annual economic growth rate of 7% over three years, Prime Minister Mostafa Madbouly said. 
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