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War in Ukraine
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Economy
9/4/2022 2:16:33 PM
The German government on Sunday unveiled a new multi-billion euro plan to help housesholds cope with soaring prices, and said it was eyeing windfall profits from energy companies to help fund the relief.
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War in Ukraine
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Economy
9/3/2022 5:59:35 PM
Sweden said Saturday it would provide liquidity guarantees to Nordic and Baltic energy companies worth "billions of dollars" in a bid to prevent a financial crisis sparked by Europe's energy crunch.
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Al-Ahram Weekly
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Egypt
8/30/2022 10:06:29 PM
What needs to be done to ensure the success of the government’s privatisation programme, asks Al-Ahram Online
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World
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International
8/29/2022 10:31:45 PM
Stocks closed lower on Wall Street, adding to their recent losses as traders realized how determined the Federal Reserve is to keep interest rates high to fight inflation. The S&P 500 gave back almost 1% Monday. Technology companies were the biggest drag on the index.
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Egypt
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Urban & Transport
8/29/2022 10:19:01 PM
A consortium of Egyptian companies – under the supervision of the Egyptian government – started construction of Tanzania’s Julius Nyerere Hydroelectric Power Project (JNHPP) in 2019.
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Egypt
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Foreign Affairs
8/29/2022 6:08:50 PM
Harjit Sajjan, the Canadian minister of international development, said despite the continued repercussions of the coronavirus pandemic on the global economy, bilateral trade between Egypt and Canada remained stable in 2021.
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Business
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Energy
8/29/2022 5:41:48 PM
Globeleq and Actis, two UK-based companies specialised in renewable energy, signed a memorandum of understanding (MoU) with the Egyptian government to develop green hydrogen.
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Business
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Economy
8/27/2022 11:04:20 PM
Egypt Post announced on Saturday increasing the daily maximum cash withdrawal from EGP 50,000 to EGP 150,000 and cancelling the daily maximum limit on cash deposits for individuals and companies - in post offices nationwide.
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Business
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Economy
8/26/2022 2:03:00 PM
The Central Bank of Egypt (CBE) has instructed banks to remove maximum limits for deposits by individuals and companies at bank branches and ATMs, according to a circular released on Thursday.
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Business
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Energy
8/24/2022 12:50:58 PM
Egypt's Minister of Electricity Mohamed Shaker said on Tuesday that his ministry is cooperating with international companies to start discussions and studies to produce green hydrogen in Egypt as an initial step to expand the industry and export the fuel.
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World
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International
8/22/2022 5:20:29 PM
Stocks are opening broadly lower on Wall Street, extending the market's losses. Losses last week broke a four-week winning streak for the S&P 500. The benchmark index was down 1.4% in the early going Monday, led by more declines in big technology companies.
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Al-Ahram Weekly
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Egypt
8/16/2022 10:10:37 PM
With production targets restricted for another year, experts say Egypt’s cement exports should be increased in order to resolve issues of oversupply, reports Safeya Mounir
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War in Ukraine
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Military
8/15/2022 4:32:43 PM
Satellites owned by private companies have played an unexpectedly important role in the war in Ukraine. For example, in early August 2022, images from the private satellite company Planet Labs showed that a recent attack on a Russian military base in Crimea caused more damage than Russia had suggested in public reports.
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Business
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Markets & Companies
8/12/2022 2:27:04 PM
Five major Chinese companies including two of the country's largest oil producers will delist from the New York Stock Exchange, the firms said in filings on Friday.
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War in Ukraine
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Military
8/11/2022 2:50:36 PM
McDonald's said Thursday that it will begin gradually reopening some restaurants in the capital, Kyiv, and western Ukraine, where other companies are doing business away from the fighting. Western businesses like Spanish clothing retailers Zara and Mango are open in Kyiv.
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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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Economy
8/5/2022 3:14:00 PM
The government and pharmaceutical companies are discussing ways of giving the private sector a larger stake in the industry.
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Al-Ahram Weekly
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Egypt
8/2/2022 9:07:56 PM
The government intends to pursue its policy of selling stakes in state-owned companies, reports Niveen Wahish
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Egypt
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Urban & Transport
8/2/2022 5:41:37 PM
The China State Construction Engineering Corporation (CSCEC) – one of the largest construction companies in the world – started the concrete casting of the New Alamein City’s Iconic Tower at the Downtown Towers Project in Egypt’s Mediterranean city on Monday.
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Business
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Markets & Companies
7/31/2022 5:15:27 PM
Listing state-owned companies in Egypt’s Exchange (EGX) and implementing the privatisation programme would stimulate Egypt’s capital market and boost its liquidity, Chairman of Financial Regulatory Authority Mohamed Omran said on Sunday.
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