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Business
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Economy
8/13/2023 3:40:58 PM
Egypt's Industrial Development Authority (IDA) is set to offer for sale 1.7 million square metres of lands to investors, as part of a plan to narrow the country’s $30 billion trade gap, according to a statement on Sunday.
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World
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International
8/10/2023 10:00:07 AM
US President Joe Biden on Wednesday issued an executive order aimed at restricting certain American investments in sensitive high-tech areas in China -- a move Beijing blasted as being "anti-globalization".
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Business
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Economy
8/7/2023 2:56:22 PM
The Egyptian General Authority for Investment and Free Zones (GAFI) announced on Monday the creation of a new single-approval system for projects to facilitate investments.
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World
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Africa
8/2/2023 2:03:26 PM
The heads of UN food and agriculture agencies wrapped up a three-day visit to South Sudan Tuesday, calling for increased investments in the country to avoid a catastrophic food crisis.
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Business
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Economy
8/1/2023 11:16:38 PM
Egypt plans to increase the volume of bilateral trade with Turkey from $10 billion to $15 billion over the next five years, announced Minister of Trade and Industry Ahmed Samir on Tuesday.
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Business
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International
7/25/2023 3:00:18 PM
Countries in the Asia-Pacific region need to drastically increase their investments in disaster warning systems and other tools to counter rising risks from climate change, a United Nations report said Tuesday.
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Business
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Economy
7/24/2023 4:33:29 PM
Japanese manufacturer Torishima is set to build a pump production centre in Egypt's Suez Canal Economic Zone (SCZone) extending over 30,000 square metres with $5 million in investments, read a cabinet statement on Monday.
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Business
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Economy
7/24/2023 3:42:44 PM
Yazaki, a Japanese car parts supplier, has signed an agreement with the Governor of Fayoum to allocate land for a new factory that will be constructed by the company's local subsidiary using 30 million euros ($33.27 million) in investments, according to a statement by the Egyptian cabinet on Monday.
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World
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Region
7/19/2023 11:57:44 PM
Turkey's President Recep Tayyip Erdogan ended a Gulf trip aimed at securing investments by signing agreements worth more than $50 billion in the United Arab Emirates, Emirati state media said Wednesday.
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Business
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Economy
7/19/2023 10:21:56 PM
The Egyptian Cabinet granted Golden Licences to five projects with total investments of EGP 10.2 billion ($329.34 million) during a meeting on Wednesday, according to a cabinet statement.
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Business
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Energy
7/19/2023 2:48:24 PM
Swedish-Swiss tech solutions multinational corporation ABB is expanding its investments in the Egyptian market, Sherif Ismail, ABB Egypt’s vice president and the electrification commercial leader Egypt and Central Africa, told Ahram Online.
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Business
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Economy
7/18/2023 4:39:30 PM
The Egyptian government has received three offers from Egyptian and international investors for the production of phosphate fertilizers and phosphoric acid in the Red Sea city of Safaga with $1.6 billion in investments.
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Business
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Economy
7/16/2023 6:11:10 PM
Egypt's Prime Minister, Mostafa Madbouly, announced during a meeting with Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), that the government is considering building three new free zones.
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Business
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Markets & Companies
7/10/2023 8:21:28 PM
According to a press statement issued on Monday, Exits.me, an Egypt-based fintech investment platform, has grown its total capital to $1.25 million following a recent financing round in which Silicon Valley-based venture company Practical VC participated.
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Business
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Energy
7/5/2023 2:12:59 PM
An agreement was reached between the Egyptian New and Renewable Energy Authority and Norwegian energy company Scatec for the allocation of land in West Sohag to construct a five GWs wind power plant with $5 billion in investments.
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Business
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Energy
7/4/2023 8:07:47 PM
Egypt plans to dig 35 new exploratory natural gas wells in the Mediterranean and the Nile Delta by 2025 with $1.8 billion in investments, said Egyptian Minister of Petroleum and Mineral Resources Tarek El-Molla.
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Business
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Markets & Companies
6/24/2023 3:31:16 PM
Bajaj Auto, India's largest manufacturer of two and three-wheel vehicles, has expressed interest in expanding operations in Egypt, as per a press release by the Suez Canal Economic Zone (SCZONE) on Saturday.
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Business
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International
6/21/2023 6:06:02 PM
Twitter owner and Tesla CEO Elon Musk said Wednesday he discussed potential "significant investments" in India after meeting Prime Minister Narendra Modi in the United States.
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Business
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Markets & Companies
6/18/2023 1:46:32 PM
The Sawiris family's Orascom Financial Holding (OFH) has received an acquisition offer for up to 90 percent of its shares by investment management firm B Investments, according to a bourse filing on Sunday.
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Business
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Economy
6/13/2023 9:40:23 PM
Mahmoud Nagi Abdel-Aziz, the representative of the Union Party at the National Dialogue, proposed allocating at least 10 percent of all public investments to the field of technology and Articial Inelligince.
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