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Arab Bank and Orascom Construction have signed a cooperation agreement to finance the fourth phase of the Grand Metro 402 project, worth EGP 4.2bn. The Grand Metro 402 project is a strategic and environmentally friendly project that aims to develop

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Telecom Egypt has become the first operator in the country to secure a 5G license, according to a statement from the Egyptian cabinet on January 17th. The National Telecommunications Regulatory Authority (NTRA) granted the 15-year license for $150m, allowing Telecom

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Gold prices in the Egyptian market have reached the highest level ever, despite the global price of an ounce falling, according to a report by Gold Bullion. This shows that local factors are more influential on the prices than the

Auto Mobility plans to invest USD100M in the Egyptian market to launch and develop its partnership with Geely.

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MIDAR for Investment and Urban Development and Mountain View have signed a contract with Arab African International Bank to open an escrow account for their joint project, ALIVA. The project is a part of the fourth phase of Mostakbal City,

Finance Minister Mohamed Maait met with Vladimir Kazbekov, Deputy President of the New Development Bank (NDB), and his accompanying delegation, to discuss potential areas of cooperation in projects related to clean energy, transportation, and social and environmental protection. Maait expressed

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