As Egypt seeks to grant the private sector a greater role to play in the country’s economic activities, Prime Minister Mostafa Madbouly launched on Monday the State Ownership Policy Document that charts a roadmap for expanding the private sector’s role in a number of economic activities in the Egyptian market going forward.
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South Korea's prime minister warned Tuesday that the disruption of cargo transport could cause 'irrecoverable' damages on the country's economy, as a nationwide truckers' strike entered its eighth day.
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UAE-based investment company Chimera Investments submitted a non-binding offer to Egypt’s Financial Regulatory Authority (FRA) to acquire a controlling stake in Egypt-based Beltone Financial Holding, according to statements issued by the three parties on Monday.
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The yen plunged to its lowest level against the dollar since 1998 on Monday as sky-high US inflation fuels a widening monetary policy gap between Japan and the world's largest economy.
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Bitcoin tumbled Monday to an 18-month low under $25,000 as investors shunned risky assets in the face of a global markets selloff.
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First Abu Dhabi Bank (FAB) Egypt announced on Sunday the completion of their merger with Bank Audi Egypt.
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Egypt’s agricultural exports reached 3.5 million tonnes from January till 11 June 2022, the Agriculture Minister El-Sayed El-Quseir announced on Sunday after receiving a report from the head of the Central Administration of Plant Quarantine.
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Egypt hosted the 47th annual meetings of the Islamic development bank (IsDB) Group in Sharm El-Sheikh over the course of four days early in June for the first time since the 1990s.
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A World Bank (WB) delegation concluded on Wednesday a five-day visit to Egypt where it discussed with a group of Egyptian government officials how to support the country amid the repercussions of the Russia-Ukraine war.
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Egypt’s annual inflation reached 15.3 percent in May, compared to 4.9 percent in the same month of 2021, the Central Agency for Public Mobilization and Statistics (CAPMAS) said Thursday.
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Prime Minister Mostafa Madbouly reviewed in a meeting on Tuesday evening Egypt’s available investment opportunities with a group of representatives of major global investment funds, noting that the government is currently adopting new policies focusing on increasing the private sector's contribution to the national economy.
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The World Bank (WB) expects the Egyptian economy to grow from 5.9 percent to 6.1 percent in the fiscal year (FY) 2021/22.
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Egypt’s net international reserves (NIRs) dropped in May to $35.5 billion, down from $37 billion posted in April, the Central Bank of Egypt (CBE) announced on Monday.
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Egypt plans to issue its first sukuk (Islamic sovereign bonds) in the upcoming FY2022/2023 with a key objective of financing the budget deficit, Minister of Finance Mohamed Maait told Ahram Online.
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The 47th annual meetings of the Islamic Development Bank (IsDB) group concluded on Saturday by emphasising the importance of a green transition and continued support for the growing role of the private sector in the country’s economy.
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Egypt will offer $40 billion worth of state assets to Egyptian and foreign investors in the form of profit sharing, production and management partnerships, and having a share in the companies’ capital, according to Minister of Public Business Sector Hisham Tawfik.
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Egypt’s Finance Minister Mohamed Maait and his Qatari counterpart Ali bin Ahmed Al-Kawary affirmed the importance of boosting bilateral cooperation amid the current global economic crisis in order to mitigate its impact on citizens.
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Egypt will host in July the first meeting of the higher committee of the Integrated Industrial Partnership for Sustainable Economic Development signed by Egypt, Jordan and the UAE, Egyptian Minister of Trade and Industry Nevine Gamea announced on Friday.
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Egypt’s General Authority for Supply Commodities (GASC) announced on Wednesday that it has signed a contract to purchase 4650,000 tons of wheat from Russia, Bulgaria and Romania in what is reportedly the country’s largest wheat purchase since the start of the Russian invasion of Ukraine in late February.
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Emirati businessman Omar Abduallah Al-Futtaim, the CEO of Al-Futtaim Group, said on Thursday that the group is working on expanding its investments in the Egyptian market despite economic challenges, and that it plans to inject from $700 million to $1 billion in investments in Egypt during the next three years.
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