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Business
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Economy
9/16/2024 10:18:59 PM
Saudi Crown Prince Mohammed bin Salman announced in his meeting with Prime Minister Mostafa Madbouly that the Saudi Public Investment Fund (PIF) will invest $5 billion in Egypt as part of an initial phase, according to the Egyptian cabinet.
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Business
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Economy
8/15/2024 8:08:49 PM
The total investments allocated in the current FY2024/2025 plan amounts to EGP 1.987 trillion, including EGP 1 trillion in public investments and EGP 987 million in private investments, according to Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat.
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Al-Ahram Weekly
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Economy
5/20/2024 1:00:00 PM
Many economic indicators are improving against the background of an uncertain regional scene.
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Al-Ahram Weekly
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Egypt
5/14/2024 10:16:47 PM
Capitalising on the large public investments in desalination plants, silos, and roads network, the Mostaqbal Misr project aims to reclaim 4.5 million feddans.
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Business
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Economy
3/19/2024 5:30:59 PM
Minister of Finance Mohamed Maait said the state is placing a stringent ceiling of EGP 1 trillion on public investments in the upcoming fiscal year 2024/25, while also capping public debt.
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Sports
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Omni sports
2/28/2024 4:31:25 PM
Saudi Arabia's Public Investment Fund (PIF) on Wednesday announced a "multi-year strategic partnership" with the ATP, the governing body of men's tennis, extending the kingdom's influence on international sport.
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Business
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Economy
1/31/2024 6:58:19 PM
The Egyptian Cabinet approved a plan to reduce the state budget public investment plan for the fiscal year (FY)2023/2024 by 15 percent, according to a statement on Wednesday.
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Business
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Markets & Companies
11/16/2023 9:55:02 PM
Saudi Arabia’s Public Investment Fund (PIF) has increased its stake in the Egyptian state-owned company E-Finance For Digital and Financial Investments by 2 percent to 27 percent, according to the company’s Chairman and Managing Director Ibrahim Sarhan.
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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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Business
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Region
5/31/2023 6:18:16 PM
Oman plans to launch a $5 billion public investment fund to support plans to overhaul the economy in the Arab Gulf nation over the next two decades
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Egypt
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Politics
12/29/2022 4:36:19 PM
President Abdel-Fattah El-Sisi has approved the final version of the State Ownership Policy Document, which determines the state's presence in the economic sectors and seeks to enhance the private sector's participation in public investments.
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Business
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Energy
11/21/2022 5:03:23 PM
Egypt's green investments in the current fiscal year 2022/2023 constitute 40 percent of the country's total public investments with a value of EGP 410 billion, the cabinet said on Monday.
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Business
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Economy
8/25/2022 1:53:35 PM
Egypt has allocated EGP 294.2 billion for public investments in the urban development sector in FY 2022/2023.
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Business
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Economy
8/10/2022 2:40:35 PM
The recently-established Saudi Egyptian Investment Company (SEIC), which is owned by Saudi Arabia's Public Investment Fund (PIF), has acquired minority stakes in four Egyptian state-owned companies in a deal worth $1.3 billion, the Sovereign Fund of Egypt (TSFE) announced on Wednesday.
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Al-Ahram Weekly
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Egypt
8/9/2022 10:17:49 PM
What will the setting up of the Saudi-Egyptian Investment Company this week mean for Saudi investments in Egypt, Gamal Essam El-Din investigates
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Business
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Markets & Companies
8/6/2022 10:49:49 PM
The Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, has launched the Saudi Egyptian Investment Company (SEIC) to invest in “promising sectors” in Egypt, a statement by the fund said on Thursday.
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Egypt
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Foreign Affairs
3/30/2022 8:15:23 PM
The Sovereign Fund of Egypt, in cooperation with the Saudi Public Investment Fund, aims to attract investments worth $10 billion during the coming period, Prime Minister Mostafa Madbouly said on Wednesday.
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World
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Region
2/13/2022 10:19:38 AM
Energy-giant Saudi Aramco on Sunday said it had transferred four percent of its shares to the kingdom's Public Investment Fund, the state news agency SPA reported.
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Business
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Economy
12/14/2021 3:45:28 PM
Egypt has allocated EGP 3.6 trillion between FY2014/15 and FY2021/22 for public investments, according to Minister of Planning and Economic Development Hala El-Said.
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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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