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Business - Economy
8/15/2022 10:54:18 AM
Fitch Solution has upgraded its projection for Egypt’s real GDP growth in 2022 by 0.16 percent to reach 6.17 percent, up from 6.1 percent predicted in July, according to its monthly economic outlook on MENA.

Business - Economy
8/11/2022 11:44:32 AM
Egypt’s annual headline inflation rose to 15.6 percent in July, up from 14.6 in June, the Central Bank of Egypt (CBE) reported on Wednesday.

Business - Economy
8/10/2022 6:46:16 PM
CairoHouse development consortium signed on Tuesday a number of partnership agreements in order to develop and rehabilite the iconic El-Tahrir Complex building (Mogamaa El-Tahrir) by investing over $200 million to transform it into a unique hotel.

Business - Tech
8/10/2022 6:13:36 PM
UAE-based GrubTech, which is a cloud kitchen and restaurant tech solutions provider, signed an agreement with Geidea, a e-payments and fintech platform, to provide services for the POSs of GrubTech’s clients.

Business - Economy
8/10/2022 3:00:00 PM
Egypt’s headline annual inflation accelerated to 14.6 percent in July – more than double the corresponding month in 2021 – up from 13.2 percent in June, while urban annual inflation also rose to 13.6 percent, the Central Agency for Public Mobilisation and Statistic (CAPMAS) announced on Wednesday.

Business - Economy
8/10/2022 2:40:35 PM
The recently-established Saudi Egyptian Investment Company (SEIC), which is owned by Saudi Arabia's Public Investment Fund (PIF), has acquired minority stakes in four Egyptian state-owned companies in a deal worth $1.3 billion, the Sovereign Fund of Egypt (TSFE) announced on Wednesday.

Al-Ahram Weekly - Economy
8/9/2022 10:05:39 PM
The government’s modernisation plans for Egypt’s textiles sector are paying off, with a greater role planned for the private sector, reports Doaa Abdel-Moneim

Business - Economy
8/8/2022 5:08:38 PM
Egypt is considering plans to list the assets of its Universal Healthcare Insurance System (UHIS) in the Egyptian Exchange (EGX) to diversify its investment portfolio and increase the yields of invested funds, Minister of Finance and UHIS Chairman Mohamed Maait said on Monday.

Business - Tech
8/8/2022 1:34:33 PM
Huawei Technologies signed a memorandum of understanding (MoU) with the Information Technology Industry Development Agency (ITIDA) to launch Huawei's Spark programme.

Business - Markets & Companies
8/8/2022 1:32:35 PM
Contact Factoring, a subsidiary of Contact Financial Holding and a non-banking financial services provider in Egypt, signed an agreement for EGP 125 million with OneOrder, an online one-stop shop that provides food supplies to hotels, restaurants, and coffee shops.

Business - Economy
8/7/2022 3:15:57 PM
Egypt’s net international reserves (NIRs) declined by $230 million in July to post $33.1 billion, down from $33.3 billion at the end of June 2022, the Central Bank of Egypt (CBE) said on Sunday.

Business - Tech
8/7/2022 3:14:46 PM
Egyptians increased their use of at least one digital payment method in 2022, including digital cards, SMS payments, digital money transfer apps and instant payment services, according to Mastercard’s New Payment Index 2022 report.

Al-Ahram Weekly - Economy
8/5/2022 3:14:00 PM
The government and pharmaceutical companies are discussing ways of giving the private sector a larger stake in the industry.

Business - Economy
8/4/2022 3:03:47 PM
The UAE has recently shown a significant appetite to invest in Egypt across multifarious sectors and it looks like more is yet to come.

Business - Markets & Companies
8/3/2022 12:30:08 PM
Egypt’s headline Purchasing Managers’ Index (PMI) for the non-oil private sector rose to 46.4 in July, up from a two-year low of 45.2 in June, the highest in over a year, Standard & Poor’s (S&P) Global said on Wednesday.

Al-Ahram Weekly - Egypt
8/3/2022 12:01:00 PM
As Ethiopia proceeds with the third filling of GERD, Egypt turns once again to the United Nations Security Council.

Business - Markets & Companies
8/1/2022 3:08:58 PM
The UAE-based GrubTech, an online platform that provides digital solutions for cloud kitchens and restaurants, officially launched its operations in the Egyptian market last week by opening an office in the country.

Business - Economy
8/1/2022 3:07:54 PM
Egypt ranked third among Arab countries in terms of foreign direct investment (FDI) inflows in 2021 with $5.4 billion. The sum represents 16.4 percent of total FDI inflows to the region.

Business - Economy
7/31/2022 5:42:39 PM
Remittances sent by Egyptian expats went up 2.1 percent year on year in the first 11 months of the past 2021/2022 fiscal year, recording $29.1 billion, the Central Bank of Egypt (CBE) announced on Sunday.

Business - Markets & Companies
7/31/2022 5:15:27 PM
Listing state-owned companies in Egypt’s Exchange (EGX) and implementing the privatisation programme would stimulate Egypt’s capital market and boost its liquidity, Chairman of Financial Regulatory Authority Mohamed Omran said on Sunday.

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