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Published on May 22, 2024
Egypt slashes economic growth forecast to 2.9% in FY2023/24
Egypt has trimmed its economic growth expectations to between 2.8% and 2.9% for the current fiscal year (FY) ending in June, from previous expectations of 3%, Planning and economic Development Minister Hala Elsaid told Asharq Business. The minister further …
Source: Zawya - Uncategorized -
Published on May 22, 2024
EBRD backs MSMEs in Egypt via $119.5mln loan to NBE
The European Bank for Reconstruction and Development (EBRD) is providing an initial loan of $119.5 million to the National Bank of Egypt (NBE) to back micro, small-, and medium-sized enterprises (MSMEs), EBRD announced on its website. The loan marks the …
Source: Zawya - Uncategorized -
Published on May 22, 2024
Egypt receives 7 local, international offers to acquire Wataniya
Egypt has received seven international and local offers to acquire the state-run fuel retailer Wataniya, Minister of Planning and Economic Development Hala Elsaid said in an interview with Asharq Business. This indicates that the winner of the long-awaited …
Source: Zawya - Uncategorized -
Published on May 22, 2024
Telecom Egypt signs deal to secure $200mln medium-term loan from Banque Misr UAE
Telecom Egypt has signed an agreement to secure a $200 million medium-term loan from Banque Misr UAE. The Telecom Egypt will use the loan to refinance its existing short-term facilities. Mohamed Nasr, Managing Director and CEO said the loan "will …
Source: Zawya - Uncategorized -
Published on May 22, 2024
Egypt’s merchandise exports increases by 10% during first 4 months of 2024
CAIRO – 21 May 2024: Minister of Trade and Industry, Ahmed Samir, announced that Egypt’s merchandise exports reached $12.9 billion in the first four months of 2024, marking a 10 percent increase compared to the same period in 2023, when it was $11.7 …
Source: Egypt Today - Gov't Propaganda -
Published on May 22, 2024
Chopra in Cairo: Wellness Icon Visits Egypt for First-Time
In a fusion of ancient mystique and modern wellness, world-renowned spiritual and wellness figure Deepak Chopra recently visited Egypt for the first time. Chopra took part in a wellness event in front of the Great Pyramids of Giza, hosted by Sky Innovo …
Source: Egyptian Streets - Center-left -
Published on May 22, 2024
Claims that Egypt altered Gaza ceasefire terms are diversionary tactics: High-Level Source
Egypt has refuted allegations of altering the terms of the Gaza ceasefire agreement, labelling them as “diversionary tactics,” following a report by CNN claiming that the country had surprised negotiators by changing the deal presented to Hamas. A high- …
Source: Daily News Egypt - Uncategorized -
Published on May 22, 2024
Report: Israel-Hamas Hostage Deal Collapsed After Egypt Secretly Altered Agreement
Citing three sources, CNN reported Tuesday that Egypt secretly altered the terms of the ceasefire and hostage-release agreement that was being discussed between Israel and Hamas, leading to the collapse of negotiations. "We were all duped," one …
Source: Haaretz - Left-wing -
Published on May 22, 2024
Egypt’s FM Makes First-Time Visit to Iran for the Funeral of Deceased President
Egypt’s Minister of Foreign Affairs Sameh Shoukry will visit Iran for the first time to attend the funeral of recently deceased President Ebrahim Rais and Foreign Minister Hossein Amir-Abdollahian on 22 May. “[Shoukry] is expected to return to Egypt …
Source: Egyptian Streets - Center-left