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Business
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Economy
12/10/2023 7:14:27 PM
The Egyptian government has allocated EGP 100.7 billion in investments for the country's manufacturing industries sector during the current fiscal year (FY) 2023/24, said Minister of Planning and Economic Development Hala El-Said.
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Business
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Tech
12/10/2023 5:43:20 PM
Dahab Masr has signed a cooperation protocol with GuRow, a financial technology application, to develop the gold market through artificial intelligence (AI) techniques and accurate data analysis, according to a recent statement by Dahab Masr.
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Business
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Economy
12/10/2023 5:37:13 PM
Egypt is likely to receive $20 billion in loans and investments from the International Monetary Fund (IMF) and other entities over four years, according to a recent report by brokerage firm Cairo Capital Securities (CCS).
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Business
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Economy
12/8/2023 2:31:42 PM
The Emirati energy company Mubadala is seeking to inject new investments in Egypt, CEO Mansoor Al-Hamed stated on Thursday during a meeting with Egyptian Minister of Petroleum and Mineral Resources Tarek El-Molla.
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Sports
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World
12/7/2023 5:16:01 PM
French champions Paris Saint-Germain said on Thursday US investment firm Arctos Partners had acquired a minority stake in the Qatari-owned French club.
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Business
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Economy
12/6/2023 2:02:02 PM
Egypt’s budget deficit will increase by one percent in the fiscal year (FY) 2023/2024 to account for 7.1 percent of GDP, up from 6.1 percent in FY2022/2023, due to the increase in debt service payments, according to a report by Investment bank HC Securities and Investment on Wednesday.
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Business
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Markets & Companies
12/5/2023 7:12:59 PM
Egyptian tycoon Nassef Sawiris is considering moving his family business entity, NNS Group, to the Abu Dhabi Global Market (ADGM).
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Business
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Economy
12/3/2023 6:49:51 PM
The Egyptian government is currently reviewing partnership offers worth EGP 8 billion ($258 million) from investors in the real estate sector, Mahmoud Esmat, Minister of Public Business Sector, said on Sunday.
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Business
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Energy
12/3/2023 5:34:30 PM
The Egyptian Suez Canal Economic Zone (SCZONE) and the Ministry of Electricity and Renewable Energy signed agreements with Norwegian energy company Scatec, and a group of international financial institutions including the African Development Bank (AfDB) and British International Investment (BII) to launch three green energy projects in Egypt.
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Business
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Energy
12/3/2023 5:34:07 PM
Egypt has signed a memorandum of understanding (MoU) with the Norwegian company Scatec ASA to supply ships with green fuel in East Port Said, with investments worth around $1.1 billion.
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Business
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Economy
12/3/2023 2:22:32 PM
The services sector was the top recipient of foreign direct investments (FDI) in Egypt during the fiscal year (FY) 2022/2023, recording $5.94 billion, or 59.16 percent of that year’s total FDI, according to the External Position report released by the Central Bank of Egypt (CBE).
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Business
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Economy
12/3/2023 12:55:56 PM
The Egyptian platform Belbaqy (“spare change”) will launch in early 2024, allowing users to invest the leftover amounts from electronic transactions, according to a statement from the company on Saturday.
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World
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Region
12/2/2023 10:12:05 AM
The United Arab Emirates said Friday it is launching a new $30 billion private investment fund focused on climate projects in developing countries.
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Al-Ahram Weekly
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Egypt
11/28/2023 10:10:15 PM
Chair of the Authority for the Suez Canal Economic Zone Waleid Gamal Eldien explains how the authority is providing an enabling environment for conventional and new industries and positioning itself as a hub for renewable energy to Niveen Wahish
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Business
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Economy
11/28/2023 6:29:19 PM
The UAE's major logistics firm, DP World, has commenced construction on a logistics park in Egypt's Red Sea industrial and tourist hub, Ain Sokhna, with an investment of $80 million, according to a Cabinet statement on Tuesday.
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Business
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Economy
11/28/2023 4:10:27 PM
The African Development Bank (AfDB) approved a $131 million loan to Egypt with the aim of bolstering the government’s efforts to stimulate the private sector and diversify its green development following the COVID-19 pandemic and the ongoing conflict in Ukraine.
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Business
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Markets & Companies
11/27/2023 5:26:10 PM
Egypt's Administrative Capital for Urban Development Company (ACUD) targets a projected profit of EGP 26 billion by the end of 2023, which surpasses the EGP 20 billion in profits achieved in 2022, Chairman Khaled Abbas said on Monday.
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Business
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Economy
11/27/2023 4:51:01 PM
Majid Al Futtaim Holding Group, a prominent Emirati conglomerate, announced it is planning to inject $1 billion in new investments into the Egyptian market in the near future, said Ahmed Galal Ismail, the CEO of the group, during a meeting with Prime Minister Mostafa Madbouly on Sunday.
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Business
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Economy
11/27/2023 2:52:44 PM
Egypt’s General Authority for Investments and Free Zone (GAFI) announced launching the first phase of the single-window approval “Golden License” online portal in English and Arabic, according to a cabinet statement on Monday.
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Business
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Markets & Companies
11/26/2023 3:53:54 PM
APM Investment Holdings, a subsidiary of the Egyptian ASEC Company for Mining (ASCOM), sold 35 percent of its share in Kurmuk Gold Project in Ethiopia to Allied Gold Corporation (AGC), a Canadian company, for a total of $99.6 million, according to a bourse filing on Sunday.
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