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Business
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Economy
12/20/2023 1:59:04 PM
Egypt has initiated negotiations with India to explore the possibility of issuing rupee-denominated bonds in the Indian markets, Minister of Finance Mohamed Maait said during a press conference on Wednesday.
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Business
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Markets & Companies
12/18/2023 2:09:30 PM
Telecom Egypt (TE) has received multiple non-binding offers to buy its broadcasting towers, according to a bourse statement released on Monday.
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Business
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Economy
12/17/2023 3:34:16 PM
Egypt's economy is expected to achieve a real growth rate of 3.3 percent during the fiscal year (FY)2023/2024, which ends in June 2024, according to a recent report by the Institute of International Finance (IIF).
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Business
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Economy
12/16/2023 7:32:13 PM
Despite Egypt’s racing time to fulfill its commitments under the $3 billion loan deal with the International Monetary Fund (IMF), 2023 witnessed no progress from the Egyptian side in terms of the completion of the first and second reviews under the programme.
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Business
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Economy
12/14/2023 3:14:17 PM
The International Finance Corporation (IFC), one of the financial arms of the World Bank Group, was appointed in June as a strategic advisor for the Egyptian government’s Initial Public Offering (IPO) to provide advisory services for Egypt's privatisation programme.
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Business
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Markets & Companies
12/10/2023 7:13:57 PM
Administrative Capital for Urban Development (ACUD), the operator of Egypt’s new capital, signed an agreement with JOBMASTER for Human Capital Solutions to restructure the company in preparation for the initial public offering (IPO) on the Egyptian Exchange (EGX) and global stock markets, according to a statement on Sunday.
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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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