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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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Business
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Markets & Companies
12/9/2024 10:04:18 PM
State-owned Delta Insurance has received acquisition offers from AXA Egypt and Wafa Life Insurance Egypt, with an estimated purchase price of EGP 5 billion for the total issued share capital at EGP 50 per share, according to a statement released by the Egyptian Exchange (EGX).
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Egypt
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Defence
12/9/2024 8:41:17 PM
The Egyptian Naval Forces, operating under the 3rd of July Naval Base, foiled attempts to smuggle drugs into the country in the Mediterranean and Red Sea, according to a statement released by the military spokesperson on Monday.
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World
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Region
12/8/2024 10:44:55 PM
The anticipated release of Tal al-Mallohi after her imprisonment in 2009, when she was just 18 years old, has sparked a whirlwind of emotion on social media after the ouster of Assad by insurgents who have opened prisons, allowing the now middle-aged woman to make her way back to her family.
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Business
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Economy
12/8/2024 8:23:48 PM
The Central Bank of Egypt (CBE) hosted a delegation from the Banque Centrale de Mauritanie (BCM) for a knowledge exchange program focused on financial literacy and the economic empowerment of women in a collaboration supported by the Alliance for Financial Inclusion (AFI), according to a statement released published by CBE on Sunday
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Business
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Economy
12/8/2024 5:22:36 PM
Chairman of Egypt's Suez Canal Economic Zone (SCZone) Walid Gamal El-Din announced that China's total investment in the Suez Canal Economic Zone (SCEZ) has surpassed $3 billion, according to a statement released by the Egyptian cabinet on Sunday.
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World
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Region
12/4/2024 7:45:46 PM
Nobel Peace Prize laureate Narges Mohammadi was released temporarily from prison Wednesday after undergoing a complex surgery in Iran that saw part of a bone in her right leg removed over cancer fears, her supporters said.
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Business
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Markets & Companies
12/4/2024 6:17:15 PM
Nissan Motor Egypt has signed a $45 million contract to produce a third model, with over 45 percent of its components sourced locally, according to a statement released by the Egyptian cabinet on Wednesday.
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Egypt
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Society
12/4/2024 5:16:13 PM
Minister of Water Resources and Irrigation Hani Sewilam stressed that cooperation among nations represents "a fundamental pillar" in addressing the growing global challenges in the water sector due to water scarcity and climate change, read a statement released Wednesday by the Ministry of Water Resources and Irrigation.
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Business
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Energy
12/3/2024 6:06:35 PM
British Petroleum (BP) CEO Murray Auchincloss announced that BP plans to commence production from a new well in Egypt by the first quarter of 2025, according to a statement released by the Egyptian Cabinet on Monday.
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Business
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Economy
12/3/2024 5:16:32 PM
The global economic slowdown in 2023 is expected to have a particularly acute impact on countries already struggling with elevated debt and financial instability, mainly in the low- and middle-income countries (LMICs), according to the International Debt Report (IDR) the World Bank released on Tuesday.
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Business
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Energy
12/3/2024 2:16:36 PM
Egypt and Jordan signed a memorandum of understanding (MoU) to leverage Egypt's gas infrastructure while enabling Jordan to access floating storage and regasification units (FSRUs) in Egypt for the next two years, according to a statement released by Egypt’s Ministry of Petroleum and Mineral Resources.
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Business
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Economy
12/3/2024 1:39:22 PM
Egypt’s Purchasing Managers' Index (PMI) for the non-oil business sector rose for the second consecutive month to reach 49.2 points in November, up from 49.0 points in October, according to a report released by S&P Global on Tuesday.
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War on Gaza
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War on Gaza
11/30/2024 2:43:45 PM
US President-elect Donald Trump is pushing to secure a ceasefire and captive release deal in Gaza before his inauguration on 20 January, Republican Senator Lindsey Graham told US news outlet Axios.
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World
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International
11/27/2024 5:05:53 PM
Authorities reopened roads linking Pakistan's capital with the rest of the country, ending a four-day lockdown, on Wednesday after using tear gas and firing into the air to disperse supporters of imprisoned former Prime Minister Imran Khan who marched to Islamabad to demand his release from prison.
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World
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International
11/26/2024 10:31:38 AM
Supporters seeking the release of imprisoned Pakistani former premier Imran Khan on Tuesday broke through a ring of shipping containers locking down the capital Islamabad, while at least six people have died in protest-related violence. Protesters battled security forces and ignored a government threat to respond with gunfire.
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Business
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Tech
11/22/2024 4:11:55 PM
The Information Technology Industry Development Agency (ITIDA) and Plug and Play Egypt signed a memorandum of understanding (MoU) to empower 60 tech startups in Upper Egypt through a series of five bootcamps, according to a statement released by the Egyptian Ministry of Communications and Information Technology (MCIT) on Wednesday.
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Business
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Economy
11/22/2024 1:07:53 PM
The Financial Regulatory Authority (FRA) has issued Decision No. 163 of 2024 to launch the first regulatory sandbox in the non-banking financial sector to foster startups' growth with innovative digital solutions, according to a statement released by the Egyptian Cabinet on Thursday.
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