The Egyptian Ministry of Trade and Industry issued 7,200 licences for industrial projects in 2022, Trade Minister Ahmed Samir stated on Wednesday.
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Egypt's food industry exports rose by 10.5 percent recording $2.6 billion in the first seven months of 2023, up from $2.3 billion in the corresponding period in 2022, Minister of Trade and Industry Ahmed Samir said on Monday.
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The World Bank has appointed Stephane Guimbert as the new country director for Egypt, Yemen, and Djibouti, effective 1 August.
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Around 1.5 tons of gold have entered the Egyptian market since the start of the zero-customs gold import initiative in May, Nagi Farag, gold trade advisor to the minister of supply and internal trade, told Ahram Online.
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Around 91 percent of Egyptian consumers are at risk of becoming victims of fraud through online and phone scams, according to a recent study from Visa released on Monday.
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Egypt is set to hold the National Investment Forum in the first half of 2024 to partner with the private sector and promote investment in the country, Prime Minister Mostafa Madbouly announced on Sunday.
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Egypt's President Abdel-Fattah El-Sisi is scheduled to attend the inauguration of the Asian Infrastructure Investment Bank (AIIB) meetings, held on 25-26 September, in the Red Sea resort of Sharm El-Sheikh, Finance Minister Mohamed Maait stated on Monday.
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Egypt's trade balance deficit dropped by 47.7 percent to $2.32 billion in June 2023, down from $4.43 billion in June 2922, reported the Central Agency for Public Mobilization and Statistics (CAMPAS) on Saturday.
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Stock prices were mostly higher in Asia on Monday as investors awaited U.S. inflation figures and China’s latest economic data.
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Deputy Minister of Planning and Economic Development Ahmed Kamail said Sunday that Saudi investments in Egypt recorded $ 32 billion, stressing that Egypt seeks to increase cooperation in trade and investment with Saudi Arabia.
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Egypt's annual core inflation rate has decreased slightly, recording 40.4 percent in August, down from 40.7 percent in July, according to the data released by the Central Bank of Egypt (CBE) on Sunday.
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Egypt and Pakistan signed seven Memorandums of Understanding (MoU) for cooperation in various economic fields at the Pakistan-Egypt Business Opportunities Conference in Cairo.
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Minister of Trade and Industry Ahmed Samir and Governor of Alexandria Mohamed El-Sharif inaugurated Thursday work on a new mega EGP 500 million electrical industries complex in the Mediterranean governorate.
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Egypt’s annual headline inflation hit a record high of 39.7 percent in August, up from 38.2 percent in July, according to figures released by the Central Agency for Public Mobilization and Statistics (CAPMAS) on Sunday.
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Egypt has paid $52 billion of its foreign liabilities within the past two fiscal years (2021-22 and 2022-23), Finance Minister Mohamed Maait said on Saturday.
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Shares fell Friday in Asia after Japan reported its economy grew less than earlier estimated in the last quarter.
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The US Treasury is pushing to increase funding for the International Monetary Fund by raising the quota obligations paid by member countries, a top official said Thursday.
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As the second review of the International Monetary Fund's (IMF) $3 billion loan agreement with Egypt draws nearer, many concerns are raised regarding the progress of the programme.
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The leaders of the International Monetary Fund and World Bank announced Thursday that the two institutions will collaborate more closely to tackle the "existential threat" posed by climate change.
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The Egyptian government seeks to collect $1.5 billion in external financing before the end of 2023, Minister of Finance Mohamed Maait stated on Thursday.
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