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Hyundai Rotem signs $110 million deal to upgrade railway signal system in Egypt
A South Korean consortium led by railway system maker Hyundai Rotem signed a 124.8 billion-won ($110.3 million)…
IMF board agrees to disburse final $2 billion tranche of Egypt standby loan
The board of the International Monetary Fund (IMF) said on Wednesday it completed the second and final review of…
Egypt expects to sign Ever Given settlement next week – official
Egypt expects to sign a compensation agreement next week over the giant ship Ever Given, which blocked the Suez…
Ever Given ship owners reach settlement with Egypt’s Suez Canal; insurer says
The owner and insurers of the giant container ship Ever Given, which blocked Egypt’s Suez Canal for six days in…
Egypt opens its first anaerobic gasification unit
Egypt opened its first-ever anaerobic gasification unit on Tuesday, with the aim of transforming waste in rural…
HSBC earmarks funding to a coastal ecosystem restoration project in Egypt
HSBC said on Monday it is committing philanthropic funding to a coastal ecosystem project in Egypt, as part of the…
Tawasol, LimeVest join race to acquire Egypt’s Alexandria Medical Services
A consortium of Tawasol Holdings and LimeVest has joined the race for Egypt’s Alexandria Medical Services (ANMC),…
Attijariwafa Bank Egypt releases its first GRI disclosure report
Attijariwafa Bank Egypt has issued on Monday its first Global Reporting Initiative (GRI) disclosure report, a move…
Egypt’s stocks boom on Monday as benchmark EGX 30 climbs 2.69%
Egypt’s stock exchange’s (EGX) indexes finished higher on Monday, with the benchmark EGX 30 index climbing 2.69…
Egypt’s state-run Banque du Caire Q1 net profit at EGP1 billion
Banque du Caire, Egypt’s third largest public state-lender, reported on Sunday a 20 percent year-on-year growth in…