The Egyptian government is preparing to relaunch the initial public offerings (IPOs) program to offer state-owned companies on the Egyptian Exchange (EGX) said Minister of Finance Mohamed Maait. This announcement …
Egypt
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Saudi firm to build $3.5B green ammonia facility in Egypt
A Saudi company, Alfanar has signed an agreement with a consortium of Egyptian companies to build a $3.5 billion green ammonia plant plant in Egypt. The Egyptian side of the …
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Electronic issuance of receipts becomes mandatory in Egypt
Electronic issuance of receipts in Egypt has become compulsory as the Minister of Finance sets deadline for all firms operating in Egypt to join the e-receipt system. According to Minister …
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Egyptian cotton exports hit 60K tons valued at $380M in 2021
Manager of Cotton Improvement Fund Adel Abdel Azim disclosed Monday that Egyptian cotton exports amounted to 60,000 tons valued at $380 million in 2021. Egypt exports 90 percent of its …
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Egyptian agricultural exports hit 4.4 million tons in 2022
Egyptian agriculture exports from January to 24 August this year have amounted to around 4,491,099 tons, Minister of Agriculture El Sayed El-Qusseir has said. A report by Ahmed El-Attar, head …
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Egypt expands seawater desalination plants to face water stress
Egypt is expanding in building seawater desalination plants to face the water stress caused by climate change, said Deputy Minister of Housing Sayed Ismail in a meeting with the world …
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Truecaller for business add new features to aid productivity
Truecaller, a global platform for verifying contacts and blocking unwanted communication, has launched additional features on its Truecaller for Business. The features will enable branded, contextual videos to differentiate business …
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Prime Minister appoints new head, deputy for Egyptian Stock Exchange
Egypt’s Prime Minister Mostafa Madbouli issued a decree on Thursday appointing Ramy El-Dokany as head of the Egyptian Stock Exchange (EGX) board and Hebatallah El-Serafy as his deputy for a …
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Central bank of Egypt cancels maximum deposit limits, increases cash withdrawals to LE 150,000.
The Central Bank of Egypt (CBE) on Thursday canceled the maximum limits for deposit operations for individuals and companies in bank branches and automated teller machines (ATMs). The CBE also …
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IMF welcomes Egypt’s social protection program
The International Monetary Fund (IMF) welcomes the government’s social protection programs and does not force the state to take measures that harm Egyptian citizens, affirmed Egypt’s Prime Minister Moustafa Madbouli …