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Egypt
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Tourism
1/2/2025 6:33:02 PM
Egyptian local and international airports saw an increase of nine percent in passenger traffic and three percent in flight operations in 2024 compared to 2023, according to infographics released Thursday by the Ministry of Civil Aviation.
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Business
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Economy
1/2/2025 4:01:02 PM
Egypt's Ministry of Investment and External Trade has granted nine golden licenses to strategic investment projects across various sectors, according to a statement released by the Egyptian cabinet on Wednesday.
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World
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International
1/2/2025 3:20:33 PM
Elon Musk on Thursday called for the release from prison of Tommy Robinson, one of Britain's best known far-right agitators, in the US tech billionaire's latest intervention in UK events.
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Arts & Culture
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Music
12/31/2024 6:15:35 PM
Tamer Ashour's Haygyly Mawgooa released in January 2024, scored more than 186 million views on YouTube to date, tops several Anghami lists, and was named Song of the Year on Spotify and Billboard Arabia.
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Business
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Economy
12/30/2024 6:33:30 PM
The Central Bank of Egypt (CBE) has extended the exemption from transfer fees for an additional three months on transactions conducted via its Instant Payment Network (IPN) and the InstaPay app, according to a release published by the CBE on Monday.
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Business
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Markets & Companies
12/30/2024 4:00:17 PM
Egypt’s Mansour Automotive Group and Chinese SAIC Motor have signed a $135 million agreement to establish a car manufacturing plant in New October City’s industrial zone, according to a statement released by the Ministry of Trade and Industry on Sunday.
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Business
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Economy
12/29/2024 8:56:49 PM
Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel El-Wazir and Minister of Finance Ahmed Kouchouk announced that Egypt has allocated EGP 30 billion to fund the first phase of a new initiative to support companies in priority industrial sectors, according to a release published by the Minister of Industry and Transport on Sunday.
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Business
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Economy
12/20/2024 6:42:38 PM
CEO of Access Health International Krishna Reddy announced that the company aims to foster investment in Egypt's healthcare system and promote opportunities in the Egyptian health sector globally, according to a statement released by the General Authority for Investment and Free Zones (GAFI) on Thursday.
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Business
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Economy
12/19/2024 6:38:05 PM
Mark Stoesz, president of enterprise solutions and partnerships for international markets at GE Healthcare, announced the company's intention to support localizing ultrasound manufacturing in Egypt, according to a release published by the Egyptian cabinet on Thursday.
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War on Gaza
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War on Gaza
12/18/2024 11:02:55 PM
Efforts to strike a Gaza truce and captive release deal between Israel and Hamas have repeatedly failed over key stumbling blocks, but recent negotiations have raised hope of an agreement.
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Business
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Tech
12/18/2024 3:20:23 PM
Egypt is preparing a set of laws to regulate artificial intelligence (AI) and the exchange and classification of data, Minister of Communications and Information Technology Amr Talaat said in a press release on Wednesday.
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Business
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Economy
12/18/2024 12:58:58 PM
Fitch Solutions has downgraded its forecasts for Egypt’s real GDP growth in the current FY2024/2025, which ends by June 2025, from 4.2 percent to 3.7 percent, according to Egypt’s Country Risk Report released on Wednesday.
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Business
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Economy
12/15/2024 8:38:20 PM
US Ambassador Herro Mustafa Garg and Acting Assistant Secretary Amy Holman co-hosted a call on Sunday with more than 60 American businesses and the Egyptian Minister of Investment and Foreign Trade Hassan ElKhatib to promote US-Egypt trade and investment in the healthcare and medical technology sector, the US Embassy said in a release.
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Business
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Economy
12/15/2024 7:02:41 PM
Chairman of the Suez Canal Economic Zone (SCZone), Waleed Gamal El-Din, signed two new contracts for food industries and textile projects in the West Qantara Industrial Area, valued at a total of $38 million, a statement released by SCZone said on Sunday.
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Business
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Economy
12/12/2024 10:44:24 PM
The OPEC Fund for International Development, a multilateral development finance institution established in 1976, has granted Egypt a $40 million loan to construct two wind farms with a combined capacity of 1.1 GW in the Gulf of Suez, according to a release published on OPEC's official website on Tuesday.
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War on Gaza
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War on Gaza
12/12/2024 7:50:13 PM
Visiting US National Security Adviser Jake Sullivan said on Thursday that Israeli Prime Minister Benjamin Netanyahu appeared prepared to negotiate a deal for the release of captives held in Gaza and a ceasefire.
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Business
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Economy
12/12/2024 6:20:52 PM
Minister of Finance Ahmed Kouchouk announced that Egypt will unveil the second phase of tax incentives and facilities in the upcoming six months, which aim to strengthen the "trust, partnership, and support" of local and international investors, according to a statement released by the Egyptian Cabinet on Thursday.
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Business
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Economy
12/11/2024 1:55:50 PM
The Holding Company for Maritime and Land Transport and the Industrial Development Group (IDG) have signed a memorandum of understanding (MoU) to establish a company that will manage the first-ever ship scrapping project in the region and Africa, located at Damietta Port, according to a release published by the Egyptian Cabinet.
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World
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War in Sudan
12/11/2024 12:32:13 PM
Sudan has become the "biggest humanitarian crisis ever recorded" after 20 months of devastating war between rival generals, the International Rescue Committee said in a report released Wednesday.
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Arts & Culture
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Screens
12/9/2024 11:28:26 PM
Egyptian-American comedian Ramy Youssef earned his third Golden Globe nomination in his career: Best Performance in Stand-Up Comedy on Television for his Ramy Youssef: More Feelings, released in March on HBO.
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