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Business - Economy
1/4/2024 7:27:20 PM
Egypt’s Net International Reserves increased by $47 million to record $35.22 billion in December, its highest level since May 2022, according to data released by the Central Bank of Egypt on Thursday.

Business - Economy
1/4/2024 2:25:20 PM
Egypt’s non-oil private sector showed slower expansion at the end of last year as demand weakened further amid currency depreciation and high inflation, according to data released by the American credit rating agency Standard and Poor's (S&P) on Thursday.

Business - Economy
1/3/2024 8:52:21 PM
Remittances from Egyptians working abroad dropped 29.22 percent to $4.52 billion in the first quarter of the fiscal year 2023/2024 (July-September) from $6.39 billion in the same period a year earlier, according to data released by the Ministry of Planning.

Business - Economy
1/2/2024 1:28:17 PM
The foreign assets deficit in the Egyptian banking system declined by EGP 5.25 billion to reach EGP 833.96 billion ($26.9 billion) in November 2023, according to data released by the Central Bank of Egypt (CBE).

Business - Economy
12/31/2023 6:51:35 PM
Egyptian President Abdel-Fattah El-Sisi has directed to intensify efforts to attract more foreign investments and enhance the role of the private sector in the country's economy, according to an official statement released on Sunday.

AFCON 2023 - News
12/28/2023 10:57:50 PM
Africa Cup of Nations hosts Ivory Coast included a smattering of overseas stars in their 27-man squad for the January 11-February 11 competition released on Thursday.

Sports - World
12/27/2023 5:56:26 PM
Faruk Koca, the former president of a Turkish top division soccer team who was jailed for punching a referee, has been released on bail, the country's state-run news agency reported on Wednesday.

Business - Economy
12/27/2023 2:19:48 PM
Egyptian expats’ remittances are expected to have declined by over 15 percent to $24.2 billion in 2023 from $28.3 billion in 2022, according to a recent report released by the World Bank (WB) in December.

Business - Economy
12/26/2023 3:22:48 PM
TradeHub, an Egyptian startup, has launched a digital platform to simplify exports and trade operations for local manufacturers, according to a company statement released on Tuesday.

Business - Economy
12/25/2023 7:21:07 PM
Financing offered to Egyptian microenterprises surged by more than 1,123%, reaching EGP 78.3 billion in June 2023 from just EGP 6.4 billion in December 2016, according to a press release by the Central Bank of Egypt (CBE) on Monday.

Business - Economy
12/25/2023 4:48:41 PM
Precious metals investment company Dahab Masr and Blnk, a fintech company, have signed a strategic partnership to offer gold investments through the Blnk application, according to a press release on Monday.

Business - Economy
12/25/2023 3:40:42 PM
Egyptian entrepreneurs are moderately satisfied with various aspects of the business climate, according to a report released on Sunday by local startup incubation firm Entlaq Holding.

Business - Economy
12/24/2023 4:40:16 PM
Egypt’s exports dropped 22 percent year-on-year (YoY) to $30.8 billion during the first nine months of 2023, according to data released by the Central Agency for Public Mobilization and Statistics (CAPMAS) on Sunday.

Business - Economy
12/23/2023 6:43:27 PM
Global central banks’ reserves of US dollars declined to 59.2 percent during the third quarter of 2023 from 59.4 percent the previous quarter, the lowest figure since Q4 of 2022, according to the latest data released by the International Monetary Fund (IMF).

War on Gaza - War on Gaza
12/20/2023 8:30:51 PM
Negotiations to secure another truce and captives release deal between Israel and Hamas in the Gaza war are "very serious", the White House said on Wednesday.

Business - Economy
12/20/2023 4:24:11 PM
Dahab Masr projects that the price of 21-carat gold in Egypt will cross EGP 3,000 before mid-2024, as indicated in a technical analysis report released by the company on Wednesday.

Business - Economy
12/20/2023 1:52:10 PM
The attack against ships in the Red Sea and speculation regarding potential interest rate cuts by the Federal Reserve pushed oil prices higher after reaching the lowest level in six months, according to Kamco Invest’s Oil Market Monthly Report released on Wednesday.

Business - Economy
12/19/2023 6:46:50 PM
Xmatch Demo Day has secured more than $20 million in potential investments for Small and Medium Enterprises (SMEs) and startups in Egypt, according to a statement released on Tuesday.

Business - Markets & Companies
12/19/2023 2:00:28 PM
Global hydrogen products company OCI, 43.54 percent owned by members of the Egyptian Sawiris family, has sold its stake in the US-based major company Iowa Fertilizer for $3.6 billion to a subsidiary of the Koch Industries, according to a press release on Monday.

Al-Ahram Weekly - Egypt
12/19/2023 1:17:00 PM
In 2023, political life in Egypt saw two major developments — the holding of the National Dialogue and the release of hundreds of political prisoners

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