Business
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Economy
7/25/2023 5:25:24 PM
The International Monetary Fund has slightly upgraded its outlook for global growth this year on the back of resilient service sector activity in the first quarter and a strong labor market, the lender said Tuesday.
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Business
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Markets & Companies
7/25/2023 2:30:10 PM
The National Service Projects Organization (NSPO), an army entity, acquired a 20% stake in local energy company TAQA Arabia for EGP 1.63 billion ($52.75 million) Egypt's bourse announced on Tuesday.
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Business
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Economy
7/24/2023 1:54:18 PM
Egypt’s cabinet approved on Monday the cancellation of the Central Bank of Egypt’s (CBE) initiatives providing low-interest loans to workers in the tourism sector.
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Egypt
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Tourism
7/20/2023 11:15:00 PM
Flights to Egypt have surged by 29 percent between January and June of 2023, reaching a total of 191,000 flights, up from 148,000 during the same period last year, Minister of Civil Aviation Mohamed Helmy.
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Business
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Economy
7/19/2023 8:03:45 PM
Mahmoud Mohieldin, UN Climate Change High-Level Champion for Egypt, emphasized the significant role of Sustainable Development Goals (SDGs) Stimulus and the private sector in financing development action.
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Business
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Economy
7/18/2023 6:50:55 PM
Egypt will launch a group of tenders in the mining sector for resources including precious metals, phosphate, sulfur, and potash, between July and September 2023, said Minister of Petroleum and Mineral Resources Tarek El-Molla.
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Business
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Economy
7/17/2023 10:17:40 AM
China's lower-than-expected growth in the second quarter comes as the world's second largest economy is hit by sluggish consumption, a real estate sector in crisis and worries over deflation.
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World
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International
7/13/2023 8:24:55 PM
The British government offered millions of public sector workers pay raises Thursday in a bid to end an array of strikes that have crippled trains, health care and other services for more than a year amid the biggest cost-of-living crisis in generations.
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Business
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Economy
7/13/2023 7:02:37 PM
The International Monetary Fund (IMF) has welcomed recently steps by the Egyptian government to push forward the Initial Public Offering (IPO) Programme, boosting the private sector and tackling its dollar shortage.
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Business
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Economy
7/12/2023 10:08:57 PM
Egypt's Financial Regulatory Authority (FRA) has issued new regulations for the use of financial technology (fintech) in the non-banking financial sector, according to an official statement on Wednesday.
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Business
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Economy
7/12/2023 9:20:32 PM
The Public-Private Partnerships (PPP) Committee has approved partnerships between four state-owned development projects and the private sector, Minister of Finance Mohamed Maait announced in a statement on Wednesday.
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Business
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Economy
7/11/2023 7:27:22 PM
Egypt has signed contracts with the private sector to sell state-owned entities worth $1.9 billion under the Initial Public Offering (IPO) programme which the country adopted earlier this year.
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Business
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Economy
7/11/2023 7:17:11 PM
Prime Minister Mostafa Madbouly announced on Tuesday that Egypt has signed contracts with the private sector to sell state-owned entities worth $1.9 billion under the Initial Public Offering (IPO) programme which the country adopted earlier this year.
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Egypt
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Foreign Affairs
7/11/2023 11:05:07 AM
Egyptian Minister of Foreign Affairs Sameh Shoukry, who is also the President of the UN Climate Change Conference (COP27), stated on Monday that Egypt is eager to increase public-private sector collaboration in order to accomplish a transition to sustainable energy sources.
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Business
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Economy
7/10/2023 4:16:54 PM
The Central Bank of Egypt is considering implementating a flexible exchange rate policy by the end of 2023, Fakhry El-Fiqi, Head of the Planning and Budget Committee at the House of Representatives said.
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Business
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Economy
7/5/2023 1:04:34 PM
Egypt’s Purchasing Managers Index (PMI) for the non-oil private sector rose in June to 49.1, up from 47.8 in May. The figure is the highest since August 2021, Standard and Poor’s (S&P) Global said on Wednesday.
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Opinion
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Opinion
7/4/2023 8:58:57 PM
Few encouraging announcements were made at last month’s Paris Summit, but the challenges of today’s world demand greater resolution to surmount the obstacles to sustainable development, writes Mahmoud Mohieldin
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Business
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Markets & Companies
6/22/2023 12:07:33 PM
ANIET - National Association of Extractive and Transforming Industry- hosted an international commission of architects and specifiers in May 2023 to promote the export potential of the Portuguese Natural Stone sector.
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World
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Region
6/21/2023 10:21:31 PM
Iraq's president on Wednesday approved a record $152 billion budget that the parliament voted on earlier this month and which adds about half a million public sector jobs drawing criticism from the International Monetary Fund (IMF) for over-optimistic projections.
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Business
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Economy
6/21/2023 5:10:04 PM
The Egyptian Cabinet has abolished tax exemptions for state entities and affiliated companies in economic activities in order to implement the principle of parity of treatment between the private and public sectors and extended licensing rights to new industries in free zones.
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