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Business
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Markets & Companies
12/6/2021 5:25:06 PM
Careem — a ride hailing service in the Egyptian market — plans to increase its investments in the country in 2022 and beyond, Haitham Essam, the general manager of Careem Egypt, told Ahram Online.
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Business
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Economy
12/6/2021 11:48:54 AM
Bolstering economic cooperation with African countries is a prime concern for Egypt and is in line with the presidential directives that call for encouraging investments and cementing integrated economy, said Nevine Gamea, Egypt’s minister of trade and industry and the executive director of the Micro, Small, and Medium-Sized Enterprises Development Authority (MSMEDA).
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Business
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Energy
11/24/2021 8:16:38 PM
The current total investments to achieve net zero emissions globally amount to $1.5 trillion, while $5 trillion is needed to reach this goal by 2030, according to Katarina Uherova Hasbani, Partner and Global Director of Strategy and Advisory at the British engineering and advisory firm AESG.
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Egypt
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Politics
11/22/2021 6:46:47 PM
The Senate — Egypt’s upper consultative house — approved on Monday a report prepared by the chamber’s Financial, Economic, and Investment Affairs Committee on reforming the tax structure governing trading operations inside the Egyptian capital market.
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Egypt
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Foreign Affairs
11/12/2021 6:00:00 PM
French Minister of Economy and Finance Bruno Le Maire stressed to Egyptian President Abdel-Fattah El-Sisi France's keenness on encouraging investments in Egypt, boosting strategic cooperation, with the aim of providing Cairo with all advanced technologies in all fields.
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Business
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Economy
11/11/2021 6:50:06 PM
Egypt is aiming to increase public investment allocations significantly in the current FY2021/22 to EGP 933 billion, up from EGP 637 billion in FY2020/21, the Ministry of Finance announced on Thursday in a report.
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Business
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Economy
11/11/2021 3:50:15 PM
A number of French economists said economic reforms that Egypt has implemented over the past seven years strengthened the investment-friendly environment and boosted the GDP growth.
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Business
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Tech
11/7/2021 5:41:36 PM
Marsool — a Saudi on-demand application and one of the largest delivery platforms in the Middle East and North Africa (MENA) — is planning to double its investments in the Egyptian market in three years by expanding its business in the country, Marsool’s Co-founder Ayman Alsanad told Ahram Online.
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Egypt
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Tourism
11/7/2021 2:28:09 PM
UK Ambassador in Cairo Gareth Bailey expects the number of British tourists visiting Egypt this winter to reach or surpass 500,000.
In an interview aired on ON E channel on Saturday, Bailey said between 3,000 to 5,000 British tourists visit Egypt monthly, taking more than 45 flights per week.
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Business
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Economy
11/7/2021 1:17:35 PM
Egypt has allocated EGP 92.4 billion in public investments for the development of Upper Egypt in the current FY2021/2022, out of 1.25 trillion for the country’s total investments, Minister of Planning and Economic Development Hala El-Said said.
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Business
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Economy
11/2/2021 6:34:52 PM
The Asian Infrastructure Investment Bank (AIIB) and the OPEC Fund for International Development have allocated a loan worth $200 million for the National Bank of Egypt (NBE) with the aim of supporting Egypt’s efforts to enhance the growth of investments across various infrastructure sectors, the bank announced.
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Business
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Economy
10/31/2021 4:44:54 PM
Qatar’s ambassador in Cairo said that his country considers Egypt a fertile ground for investment in light of the unprecedented progress and the positive improvements the country is going through in all fields; particularly in the investment climate.
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Business
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Economy
10/28/2021 11:57:26 AM
Alfredo Abad, the regional representative of the European Investment Bank (EIB) in Egypt, asserted that Egypt’s decision to not renew the state of emergency will positively affect the country’s economy and lure more investments.
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Business
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Economy
10/26/2021 5:02:30 PM
Total investments by the European Investment Bank (EIB) in Egypt in 2021 are expected to reach 1 billion euros, according to the head of the EIB's Regional Representation to the Near East Alfredo Abad.
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Business
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Economy
10/25/2021 2:03:37 PM
Egypt is planning to increase the amount of green projects that will be implemented within the state’s national investment plan to around 50 to 60 percent of all investments by FY2024/2025, up from the 15 percent executed in FY2020/2021 — which ended in June — said Minister of Planning and Economic Development Hala El-Said.
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Egypt
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Foreign Affairs
10/24/2021 8:27:59 PM
European Commissioner for Neighbourhood and Enlargement Olivér Várhelyi said investments under the European Union's new agenda for the Mediterranean will back Egypt's efforts to face climate change, protect the environment, and ensure sustainable food systems.
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Business
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Markets & Companies
10/18/2021 4:49:34 PM
Egyptian Exchange (EGX) indexes posted collective gains at the close of Monday's trading session driven by optimism over the public offering subscription of e-finance for financial and digital investments.
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Egypt
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Politics
10/17/2021 5:57:17 PM
Egyptian parliament's House of Representatives provisionally approved on Sunday new amendments to Law (67/2010) regulating the participation of the private sector in infrastructure, service and public utility projects.
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Business
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Markets & Companies
10/14/2021 1:39:05 PM
Egypt's state-owned company e-finance For Digital and Financial Investments announced a final price of EGP 13.98 for each share that will go public on Monday under the government’s initial public offering (IPO).
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Business
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Markets & Companies
10/11/2021 10:01:13 PM
e-finance for Digital and Financial Investments, Egypt’s first fintech platform and one of its leading developers for digital payment infrastructures, announced on Monday that it has increased the shares that it intends to list on the Egyptian Stock Exchange (EGX) under Egypt’s initial public offering (IPO) programme.
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