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GAFI Head, UAE Companies Representatives Probe Boosting Investment Chances in Egypt
Egypt >> 5/13/2023 - The CEO of the General Authority for Investment and Free Zones (GAFI) Hossam Heiba discussed with a number of representatives of organizations and investment bodies as well as several UAE companies vi...
Planning Minister, ICIEC CEO Probe Means to Promote Cooperation
Egypt >> 5/13/2023 - Planning and Economic Development Minister, Hala el Saeed, has discussed with the CEO of the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), Oussama Kaissi, means to cem...
Emirates Development Bank Seeks to Promote Financial Inclusion of Smes
United Arab Emirates >> 5/13/2023 -  Emirates Development Bank (EDB), a key financial engine of the UAE’s economic development and industrial advancement, has successfully concluded its participation in the Annual Investment Meeting, he...
EU's Imports in High-Tech Products Worth €482 Billion, Exports at €446 Billion
United Arab Emirates >> 5/13/2023 -  In 2022, the EU imported €482 billion worth of high-tech products from extra-EU countries (+22% compared with 2021), according to an estimate published by Eurostat, the statistical office of the Euro...
EU Diplomat Visits Alexandria for Talks on Water, Trade Cooperation
Egypt >> 5/14/2023 - EU Ambassador to Egypt Christian Berger paid a visit to Alexandria to mark Europe Day.

For three days, the diplomat will hold meetings with members of the business community, young people a...
Finance Ministry: More Than 162 Million Shares of Telecom Egypt Offered for Sale
Egypt >> 5/14/2023 - The Finance Ministry announced the sale of the first batch of Telecom Egypt shares in the secondary market of Stock Exchange.

According to the ministry, 9.5 percent of the company's shares ...
EGP to Witness Its 4th Depreciation Against USD By June: Fitch Solutions
Egypt >> 5/14/2023 - Fitch Solutions said that the fourth Egyptian pound devaluation will occur in the context of progress on the divestment strategy Egypt is enacting. Egypt is currently working on reducing the governmen...
Markets Mostly Up as Focus Turns to US Debt Talks
Egypt >> 5/15/2023 - Asian and European markets mostly rose as investors kept an eye on the talks to raise the US debt limit to avert a "catastrophic" default.

There has been some progress on reaching a deal bu...
8 Years of Implementing Strategies to Reduce Gap Between Production, Consumption
Egypt >> 5/15/2023 - The Egyptian State exerting great efforts to achieve integrated agricultural development within the framework of its efforts to maintain food security, especially from strategic crops, particularly wh...
Sisi Reviews Projects, Investments Implemented By Norway's Scatec Company in Egypt
Egypt >> 5/15/2023 - President Abdel Fattah El Sisi received Norway's Scatec company chief and top officials to follow up on the projects and investments carried by the company in Egypt in the field of renewable energy, s...
Egypt Launches 1st Gold Investment Fund
Egypt >> 5/15/2023 - Egypt’s Financial Regulatory Authority approved the establishment of the nation’s first fund to invest in gold, enhance financial and investment inclusion, and build an advanced non-banking financial ...
AD Ports Group Reports AED1,817 Million in Q1 Revenue
United Arab Emirates >> 5/15/2023 -  AD Ports Group today said its revenue grew 73% YoY to AED1,817 million in Q1 2023.

In a statement, the Group said the growth is driven by the robust performance of its Maritime, Economic C...
Dollar Rate Stable at Egypt's Major Banks
Egypt >> 5/15/2023 - The US dollar exchange rate was stable at the start of transactions at Egypt's major banks.

At the National Bank of Egypt (NBE) and Banque Misr, the dollar rate registered EGP 30.75 for buy...
460,000 Feddans Reclaimed Till End of 2022: National Company for Land Reclamation
Egypt >> 5/15/2023 - As many as 460,000 feddans have been reclaimed till the end of the year 2022, upon directives of President Abdel Fattah El Sisi on expanding the area of the country’s agricultural land, said Chairman ...
Apache Wants More Concession Areas in Egypt’s Desert
Egypt >> 5/16/2023 - The Apache Oil Company is trying to acquire a large number of new areas in Egypt to search and explore for oil, particularly after its work in the Western Desert.

Egyptian Minister of Petro...
EBRD Cuts Egypt’s Real GDP Growth in 2023 By 0.1%, Increases Forecast By 0.2% in 2024
Egypt >> 5/16/2023 - For the second time since February, the European Bank for Reconstruction and Development (EBRD) has downgraded its forecast for Egypt’s real GDP growth to 4.2 percent, a 0.1 percent decrease from its ...
Egypt, Indonesia Ink Deal to Boost Bilateral Trade
Egypt >> 5/16/2023 - The Egyptian trade minister and his Indonesian counterpart signed an agreement to form a trade committee to support trade between both countries, according to a cabinet statement .

The agre...
Irrigation Minister Follows Up on Water Situation Across Egypt
Egypt >> 5/17/2023 - Irrigation Minister Hany Swailam said that all affiliated bodies are placed on high alert to secure enough water during the peak-of-need period.

Swailam, during a meeting with senior offici...
PM Attends Signing of Mou on Renewable Energy Exportation Project
Egypt >> 5/17/2023 - Prime Minister Mostafa Madbouli attended on Monday the signing of a memorandum of understanding between the Egyptian Electricity Transmission Company and Scatec ASA, a Norwegian leading renewable ener...
Why De-Dollarizing Egypt Is Easier Said Than Done
Egypt >> 5/17/2023 - Egypt has been considering importing wheat in exchange for foreign currencies other than the USD, including the Indian rupee and Chinese yuan, Minister of Supply and Internal Trade Ali Moselhi stated ...

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