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Business - Markets & Companies
7/19/2023 7:24:52 PM
The Egyptian Exchange (EGX) indices close in the green territory during the week ending on 19 July, while the market cap rose by over 1 percent. Market expert advises investors to eye state-owned companies.

Business - Tech
7/19/2023 5:54:37 PM
The deadline for Microsoft's $69 billion acquisition of video game company Activision Blizzard has been extended as the companies seek to close a deal that has been challenged by regulators in the U.S., as well as by U.K.'s Competition and Markets Authority.

Business - Economy
7/18/2023 9:10:51 PM
Over 10 Egyptian fintech companies have partnered with the Fintech Galaxy's open finance platform, FINX, according to a press release on Tuesday.

World - International
7/17/2023 11:13:28 AM
Even during a year of sobering economic news for media companies, the layoffs of three Pulitzer Prize-winning editorial cartoonists on a single day hit like a gut punch.

Al-Ahram Weekly - Egypt
7/12/2023 11:15:00 PM
On Tuesday, Prime Minister Mustafa Madbouli announced that the government had divested stakes worth $1.9 billion in a handful of state-owned companies.

Business - Economy
7/11/2023 7:27:22 PM
Egypt has signed contracts with the private sector to sell state-owned entities worth $1.9 billion under the Initial Public Offering (IPO) programme which the country adopted earlier this year.

Egypt - Politics
7/11/2023 4:11:20 PM
The House of Representatives approved a two-article draft law on Tuesday which eliminate tax exemptions for state-owned entities and affiliated companies and boost private enterprise.

Business - Economy
7/6/2023 5:06:01 PM
Shell's Egypt unit, BG Delta Limited, and its partners signed an agreement with two Egyptian state-owned energy companies and Malaysia's Petronas to develop the 10th phase of an offshore concession in the Mediterranean, read a statement on Thursday.

Al-Ahram Weekly - Egypt
7/2/2023 11:14:00 AM
There are things the government needs to bear in mind as it intensifies efforts to sell stakes in state-owned companies.

Business - Tech
6/30/2023 6:03:47 PM
More than 150 leading companies warned the EU's plans to regulate artificial intelligence risk harming Europe's competitiveness and do not go far enough to tackle challenges, in a letter seen by AFP Friday.

Business - Tech
6/27/2023 7:48:58 PM
Instagram and Facebook's parent company Meta is adding some new parental supervision tools and privacy features to its platforms as social media companies face increasing scrutiny over their effects on teen mental health.

World - International
6/26/2023 1:09:37 PM
Companies around the world will soon have a uniform set of standards on sustainability issues after the body governing international accounting rules published on Monday its first guidelines on reporting greenhouse gas emissions.

Business - Markets & Companies
6/24/2023 3:58:38 PM
Saudi Aramco and France's TotalEnergies on Saturday signed contracts to start building an $11-billion petrochemicals facility in the Gulf kingdom, the two companies said.

Business - Markets & Companies
6/22/2023 9:58:32 PM
Telecommunication companies in Egypt have asked National Telecommunications Regulatory Authority (NTRA) to approve raising prices for their services in order to deal with rising operational costs, according to reports in local media.

Business - Economy
6/21/2023 5:10:04 PM
The Egyptian Cabinet has abolished tax exemptions for state entities and affiliated companies in economic activities in order to implement the principle of parity of treatment between the private and public sectors and extended licensing rights to new industries in free zones.

Business - Economy
6/21/2023 3:06:13 PM
Suez Canal revenue surged by 35 percent to $9.4 billion in FY 2022/23, up from $7 billion the previous year, according to Suez Canal Authority (SCA) Chairman Osama Rabie.

Business - Economy
6/21/2023 2:30:21 PM
Egypt's Minister of International Cooperation, Rania Al-Mashat, called upon Austrian companies to explore investment opportunities in Egypt, as stated in a ministry release on Wednesday.

Al-Ahram Weekly - Egypt
6/20/2023 12:12:00 PM
The first quarter results of most Egyptian listed companies have been positive despite the current economic downturn.

Business - Economy
6/19/2023 8:19:01 PM
The Egyptian government signed on Sunday an agreement with the International Financial Corporation (IFC), the financial arm of the World Bank, to provide advisory services for its initial public offerings (IPOs) programme for state-owned companies.

Business - Markets & Companies
6/19/2023 6:40:46 PM
The fifth edition of the Big 5 Construct Egypt for construction material opened on Monday at the Egypt International Exhibitions Centre in the attendance of 20,000 specialists from 300 companies. The exhibition runs through Wednesday.

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