Monday, June 24, 2024
Today's News
Monday, June 24, 2024
Today's News

Tag: Egypt

External financing needs weigh on Egypt’s economic outlook: Morgan Stanley

The American establishment likewise stressed the importance of attaining a progression in regards to structural reforms in the North African country Arab Finance: Egypt has positive aspects to attain medium-term development; nevertheless, the big exterior financing demands are weighing on its macroeconomic outlook, Asharq Business…
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Non-oil sectors drive Egypt’s surging FDI inflows: CBE

Egypt's non-oil service fields were responsible for the lion's share of internet international direct financial investment (FDI) inflows throughout the first quarter (1Q) of the present FY2022/2023 (July-September 2022), the Reserve Bank of Egypt (CBE) said in a brand-new report. The duration saw Egypt's internet…
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World Bank and Egypt agree on $7bn framework

Contract will be implemented by the Washington-based lender, the International Financing Firm as well as the Multilateral Financial Investment Assurance Firm The World Financial institution's board has approved a brand-new Country Partnership Structure for Egypt that supplies the nation with $7 billion in funds over…
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Egypt is seen as resource-rich country for private energy sector: German officials

The economic sector showed a general determination to be part of the makeover to eco-friendly energy, while recognizing the wealth of resources and aspects in Egypt, which can be made use of to generate environment-friendly power The German-Arab Chamber of Sector as well as Commerce…
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Egypt to raise annual income tax exemption to EGP 36,000

Egypt's President Abdel-Fattah El-Sisi offered his directives to elevate annual revenue tax obligation exemption to EGP 36,000 from EGP 24,000, the Egyptian Presidency introduced. According to the Egyptian Presidency, the instructions come as part of the state's efforts to minimize the results of the worldwide…
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Egypt’s economy expected to grow over 4%, unemployment rate drops to 7%

Egypt's economy is anticipated to expand 4.2 percent in the current finishing in June, the country's closet said on Tuesday, much less than formerly anticipated. The gdp grew by 3.9 percent in October to December in 2022, the 2nd quarter of the fiscal year, while…
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Egypt’s Flat6Labs launches $95m VC fund to support tech ecosystem in Africa

New fund intends to purchase greater than 160 onset tech startups over the next five years Cairo-based equity capital company Flat6Labs released a $95 million seed fund to enhance onset technology startups in Africa. Headquartered in Egypt, the Africa Seed Fund (ASF) will concentrate on…
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Egypt starts offering stakes in 2 Armed Forces-owned firms as part of privatization drive

Egypt will certainly begin procedures on Wednesday to detail 2 of its national army firms, Wataniya and also Safi, on its stock market in an effort to further create its private sector, according to an official cabinet statement. The move to supply these two business…
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Saudi Arabia, Qatar, Egypt rank among world’s top 10 arms importers: SIPRI

Center East nations composed greater than a 4th of the leading 40 global arms importers from 2018 to 2022, according to a brand-new report. Saudi Arabia, Qatar as well as Egypt were categorized amongst the leading 10 global arms importers from 2018 to 2022, according…
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Egypt plans IPO of state-run companies

The news comes as Egypt is functioning to move ahead on a sweeping economic reform program Egypt will certainly begin the process of supplying two military-affiliated firms to financiers on March 15, as well as is likewise intending to advance another four large firms, the…
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