Monday, 23 May 2022
Egypt’s Suez Canal revenues to hit $7 bln by end of FY 2021/2022
Egypt expects the Suez Canal’s revenues to reach about $7 billion by the end of the current FY 2021/2022 — ends on 30 June — up from $5.5 billion last year, Minister of Finance Mohamed Maait said on Saturday.
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INTERVIEW: Africa, Mideast will likely suffer most from reduced grain shipments - WTO director general
AfDB’s 57th annual meetings to kick off on Monday
The Central Bank of Egypt raises key interest rates by 2% to counter Russia-Ukraine war repercussions
CBE to decide on key interest rates on Thursday amid rising inflation
Egypt to host IsDB Group annual meetings for first time since 1990s
Egypt’s Sovereign Fund becomes a full IFSWF member
Egyptian expats’ remittances rise by 12.8% in March to reach $3.3 bln: CBE
Egypt’s PM discusses enhancing industrial cooperation opportunities with UAE, Jordan
Wheat prices hit record high after Indian export ban
Egypt expected to reach agreement on new IMF programme within ‘very few months’: PM
Agriculture’s contribution to Egypt’s GDP increases to ‘more than 15 percent:’ Minister to Senate
Unemployment in Egypt down to 7.2% in first quarter of 2022
Egypt to list 12 companies under IPO programme by end of 2022: PM Madbouly
Fitch Solutions revises Egypt’s real GDP growth slightly
Egypt replaces payroll slips for 4.1 mln state employees with Meeza cards
Egypt's food exports increase by 5% in 1Q of 2022
Markets & Companies
‏With contribution from German Federal DEG Bank and Egyptian-German cooperation: Knauf Egypt launches first training centre in Egypt
Knauf Egypt launched its first Egyptian Labor Training Center today at a press conference held at the company's headquarters.
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Recession fears, rising inflation spook global markets: AP report
UAE telecom firm e& becomes largest shareholder in Vodafone
INTERVIEW: Noqood Holding looks to expand in Egypt, create lending company for SMEs
US-based Honeywell launches new programme targeting MENA
EBRD-led consortium acquires Egypt-based non-banking services provider GlobalCorp
Egypt’s PMI for non-oil business faces fastest decline in activity in two years
Bank Misr acquires Banque du Caire in deal worth EGP 6.9 bln
Egypt’s non-oil exports grow by 20 percent in 1Q 2022: Trade minister
Shatablee plans EGP 1-bln-business volume in Egypt by FY2022/23
ITIDA launches 13th round of Export IT Programme to support MSMEs
Revenues for Egyptian e-payment platform Fawry grew by 34.3% in 2021
Egypt to apply cash repayment initiative on exported goods retroactively from July 2021
Emirati FAB backs out of acquiring majority stake in Egypt-based EFG Hermes
Procter & Gamble Egypt launches Unbox Innovation Challenge targeting MEA
Abu Dhabi wealth fund completes $1.8 bln acquisition of 5 Egyptian companies
EXPLAINER: What Elon Musk's dance with Twitter really means
Shell subsidiary BG Int'l Limited acquires ExxonMobil’s offshore position in Egypt
BG International Limited — a subsidiary of Shell plc. — signed a Farm Out Agreement (FOA) with ExxonMobil Egypt to acquire a 100 percent stake in the ExxonMobil-operated north-eastern El-Amriya Offshore Area in the Mediterranean Sea, which is also known as Block 3, Shell announced on Wednesday.
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US companies willing to inject green investments into Egypt: Head of GreenTech Business
Top oil producers agree on modest supply boost amid demand concerns
Egypt-Sudan power grid capacity to reach 1000 MW after Sudan received needed equipment
Norway's Scatec signs pact to refinance projects in Egypt
Egypt signs two MoUs with UAE’s Masdar to produce green hydrogen
Egypt marks World Earth Day 2022 to encourage green investments
Egypt keen to attract foreign investments in green hydrogen ventures, says PM Madbouly
Egypt raises octane prices by EGP 0.25 per litre in quarterly review amid global oil price hikes
Eni and EGAS sign agreement to promote Egyptian gas exports to Europe
Egypt replaces 17,900 old vehicles with cars running on natural gas
As EU eyes stopping Russian gas imports, Israel sees an opening
EXPLAINER: What is the Strategic Petroleum Reserve?
Sisi encourages Eni to continue energy exploration works in Egypt
Egypt, Norway sign deal on green hydrogen production in Suez Canal Zone
OPEC+ sticks to modest oil output increase despite Western pressure
Climate goals need 'radical action: Renewable energy chief
Doubt about spam accounts could scuttle Twitter deal: Musk
Tesla CEO Elon Musk says his deal to buy Twitter can't move forward unless the company shows public proof that less than 5% of the accounts on the social media platform are fake or spam.
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Tech titans curb hiring in a 'challenging macro environment'
Meta opens first physical store
Musk gets $7B backing for Twitter bid from tech heavyweights, Saudi Prince Alwaleed Bin Talal Bin
Elon Musk's big plans for Twitter: What we know so far
Elon Musk: Tech visionary turns social media king
Elon Musk has an agreement to acquire Twitter for about $44B
Twitter shares rise on reports it will accept Musk takeover bid
Twitter says poison pill makes 'coercive' takeover difficult
73% of all government contracts signed with micro, small businesses over past 41 months
Sony, Lego to put $2 bn into Epic Games metaverse effort
Telecom Egypt, EIB sign €150 mln loan agreement to support 4G broadband network
CBE launches InstaPay app for bank clients
CBE greenlights new fund to support fintech, accelerate financial inclusion in Egypt
E-wallets grew to 26 million over past three years: CBE
Egypt’s banking system processed 1 bln electronic transactions in 2021: CBE
TikTok videos get longer in challenge to YouTube
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