Egypt Independent Most Gulf countries’ stock markets fell sharply in the early trading hours of Sunday. The Saudi index suffered its biggest single day fall in nearly two years. Fears of a potentially vaccine-resistant coronavirus variant rattled investors. Saudi Arabia’s benchmark index (TASI) retreated by 4.4%, a 3.4% fall for Al Rajhi …
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Ahram Online Egyptian Minister of Petroleum and Mineral Resources Tarek al-Molla signed a memorandum of understanding (MoU) to increase cooperation in natural gas with Greek Minister for the Environment and Energy Konstantinos Skrekas at the 6th Ministerial Meeting of the East Mediterranean Gas Forum in Cairo on Thursday. The MoU …
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Doaa Moneim – Ahram Online “Egypt has done well regarding the implementation of its economic reforms and the government performance amid the pandemic. It has the potential to serve as a regional economic hub”, Merza Hasan, the dean of the Board of Executive Directors at the World Bank Group told …
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Egypt Independent The US dollar exchange rate stabilised at major Egyptian banks on Thursday. The dollar rate was recorded at £E15.64 for purchase and £E15.74 for sale at Banque Misr and the National Bank of Egypt. The USD recorded a slight increase at the Central Bank of Egypt, in which …
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Egypt Independent Egypt and China signed a new economic and technical cooperation agreement on Monday. The agreement will offer financial grants to several development projects, which comes within the framework of the strategic relations and development projects between the two. It was signed during a meeting between Minister of International …
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Doaa Moneim – Ahram Online “The total investment by the European Investment Bank (EIB) in Egypt is expected to reach €1B in 2021”, said Alfredo Abad, the head of the EIB’s Regional Representation to the Near East, during the Cairo Water Week forum on Tuesday. The Cairo Water Week is …
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Egypt Today The Egyptian Ministry of Finance signed on Thursday its first green Islamic credit facility contract, worth $2 Billion, for a 3 year term. The contract provides credit facilities to finance environmentally compatible projects and the general budget. Emirates NBD Capital Limited and First Abu Dhabi Bank were selected …
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Doaa Moneim – Ahram Online The Egyptian Tax Authority (ETA) announced on Monday the tax rates which will be imposed on all activities related to e-commerce and online content creation, including for bloggers and YouTubers. On 25 September, the ETA announced that YouTubers and bloggers must register their income with …
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Doaa Monem – Ahram Online The Africa Finance Corporation (AFC) announced, Thursday, the joining of Egypt as its 32nd member state. “With the increasing importance of public-private partnerships in advancing the African continent, and Egypt in particular. We are pleased to accede to the membership of a renowned and trusted pan-African …
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Egypt Independent The US dollar to Egyptian pound exchange rate has reached £E15.64 for purchase and £E15.74 for sale at Banque Misr and the National Bank of Egypt on Thursday. The Commercial International Bank (CIB) traded the USD at £E15.66 for purchase and £E15.76 for sale. Meanwhile, the Central Bank …
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