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Business
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Economy
12/4/2023 2:03:22 PM
President Abdel-Fattah El-Sisi issued a new regulation on Monday, signaling the reconstitution of the General Assembly of the Sovereign Fund of Egypt (TSFE) under the chairmanship of Prime Minister Mostafa Madbouly.
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Business
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Economy
12/3/2023 4:45:23 PM
Egypt is ramping up restructuring efforts with the sale of ChillOut fuel stations to the private sector as part of the country's IPO programme, Hala El-Said, Minister of Planning and Economic Development, said on Sunday.
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Business
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Economy
11/29/2023 2:44:10 PM
The European Bank for Reconstruction and Development (EBRD) is seeking the acquisition of minority stakes in state-owned financial institutions earmarked for privatization in Egypt, Heike Harmgart, head of EBRD's south- and east-Mediterranean operations, said on Tuesday.
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Business
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Economy
11/18/2023 6:00:57 PM
Egypt's Ministry of Public Enterprises revealed on Sunday details of the sale of a 30 percent stake in the state-owned Eastern Company to Emirati company Global Holding, according to a ministry statement released Saturday.
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Business
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Economy
11/13/2023 12:43:33 PM
The Egyptian cabinet announced that it will hold a press conference soon to provide updates on the government IPO programme and future planning, said Prime Minister Mostafa Madbouly according to a statement.
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Business
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Economy
11/8/2023 9:04:01 PM
Egypt seeks to collect additional revenue of EGP 70 billion ($2.27 billion) from its privatization programme during the fiscal year (FY) 2023/2024, according to a recent book released by the Cabinet’s Information and Decision Support Center (IDSC) on Wednesday.
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Business
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Economy
11/1/2023 4:00:00 PM
Egypt's Minister of Planning and Economic Development Hala El-Said chaired the first meeting of the new formation of the Sovereign Fund of Egypt (TSFE) on Wednesday, according to a statement by the planning ministry.
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Business
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Economy
10/9/2023 10:33:04 AM
The annual meetings (autumn meetings) of the International Monetary Fund (IMF) and the World Bank Group (WBG) kicked off on Tuesday in Marrakech and will continue through 15 October.
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Business
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Economy
10/6/2023 12:27:14 PM
The government will offer shares in state-owned petrochemical companies and Wataniya fuel stations in the next two months, stated Minister of Petroleum and Mineral Resources Tarek El-Molla.
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Business
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Markets & Companies
9/18/2023 5:44:53 PM
Administrative Capital for Urban Development (ACUD), the operator of Egypt’s new capital, is planning to offer up to 10 percent of its shares on the Egyptian Exchange in the first half of 2024, according to the company’s Chairman Khaled Abbas.
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Business
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Economy
9/17/2023 8:06:55 PM
The times scheduled for the International Monetary Fund’s (IMF) reviews of the Egyptian economy for the $3 billion loan program with the fund are “tentative and not final," a high-level source familiar with the deal told Ahram Online.
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Business
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Markets & Companies
9/7/2023 9:51:24 PM
The Egyptian Exchange (EGX) indices reached unprecedented heights over the week ending on 7 September, supported by the recent announcement of the privatization of state assets.
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Business
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Economy
9/7/2023 9:50:35 PM
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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Business
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Markets & Companies
9/3/2023 10:47:14 PM
Global Investment Holding Co., a UAE-based company, acquired Sunday a 30 percent ownership stake in Egypt's largest tobacco products maker Eastern Company.
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Business
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Economy
8/30/2023 2:36:45 PM
The Egyptian government is planning to exit 83 percent of its 26 companies in the agricultural sector, read a document on the Government IPO Programme released by the Cabinet's Information and Decision Support Centre (IDSC).
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Business
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Economy
8/29/2023 11:32:00 PM
The Egyptian government is planning to attract $5 billion from the offering of power plants and state-owned companies from October 2023 until the end of June 2024, according to a report on the Government IPO Programme by the Cabinet's Information and Decision Support Center (IDSC).
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Business
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Markets & Companies
8/22/2023 3:13:14 PM
A majority shareholder in Egypt's largest tobacco producer Eastern Company has received offers from foreign investors for the acquisition of up to 30 percent of its stake in the company, according to a bourse statement on Tuesday.
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Business
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Economy
8/21/2023 6:23:26 PM
The due diligence for the acquisition of the United Bank is scheduled to start by the end of September 2023, according to a statement by the Central Bank of Egypt (CBE) on Monday.
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Business
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Markets & Companies
8/8/2023 5:07:56 PM
The Japanese giant Otsuka Pharmaceutical is set to build a healthy food and energy drinks factory in Egypt's 10th of Ramadan City worth over EGP 1.2 billion ($38.8 million), according to an official statement on Monday.
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Business
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Markets & Companies
7/13/2023 9:21:21 PM
The Egyptian Exchange (EGX) indices saw mixed performance during the week ending on 13 July—the week started with declines caused by concerns over the current fiscal gap in Egypt and the economy's downgrade on the MSCI index.
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