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Al Baraka Banking Group shifts to category 1 Islamic investment firm licence
Al Baraka Banking Group B.S.C. (ABG) has converted its current Islamic Wholesale Bank licence in Bahrain to a…
Egypt to list 10 state-owned companies before year-end: finance minister
Egypt is planning to offer shares in 10 state companies on the stock exchange before the end of the current year,…
Egypt’s SODIC achieves H1 gross contracted sales of EGP 6.67 billion
Sixth of October Development & Investment Company (SODIC) has released On Wednesday its consolidated financial…
IMF keeps Egypt’s real GDP growth forecast for 2022, but sees slower later
The International Monetary Fund (IMF) has estimated Egypt’s real GDP growth in 2022 at 5.9 percent, the same as…
Egypt’s Arab Contractors approves capital increase for up to EGP 8 billion
Egypt’s state-run construction firm Arab Contractors (AC) has approved an increase in its paid-up and issued…
Egypt’s Suez Canal Economic Zone eyes three green hydrogen partnerships with India
Egypt’s Suez Canal Economic Zone (SCZone) is looking to sign three partnership deals with India for green hydrogen…
IMF downgrades global, MENA economic outlook once again since Ukrainian war outbreak
The International Monetary Fund (IMF) has on Tuesday downgraded its global real GDP growth outlook for the second…
Czech’s Creative Dock announces Egypt expansion, targets €100 mln investments in MENA
Czech’s Creative Dock Group (CDG) announced on Monday its expansion in Egypt through the acquisition of…
Sawiris’ Orascom approves Chimera’s acquisition bid for Beltone Financial
Orascom Financial Holding, which is owned by Egyptian business tycoon Naguib Sawiris, said in a bourse filling on…
U.S. pledges $50 million to support Egypt’s food security
U.S. has pledged $50 million (947 million Egyptian pounds) in the Egyptian funding will to strengthen country’s…