Business

Economy

WB approves $500 mln loan to support Egypt’s food security, social protection net

The World Bank’s (WB) Board of Executive Directors announced its approval on Wednesday of a $500-million-loan to back Egypt’s social protection net and food security in the face of the impacts of the Russian-Ukrainian War.

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WB approves $500 mln loan to support Egypt’s food security, social protection net

Markets & Companies

INTERVIEW: AMAN Group raises capital by EGP 240 mln in 2022 to meet expansion plan in Egyptian market

AMAN Group, one of the leading FinTech companies in the Egyptian market focusing on non-banking services, raised its capital by EGP 240 million in 2022 to reach EGP 615 million in order to meet its expansion plans in the Egyptian market through current and new extended services, CEO of AMAN Financial Services Hazem Moghazy told Ahram Online.

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INTERVIEW: AMAN Group raises capital by EGP 240 mln in 2022 to meet expansion plan in Egyptian market

Energy

Russia’s ROSATOM permitted to start construction on Egypt’s first nuclear power plant

The Egyptian Nuclear and Radiological Regulatory Authority (ENRRA) issued a permit to Russia’s State Atomic Energy Corporation (ROSATOM) for the construction of the El-Dabaa NPP Unit 1, according to an announcement by the corporation Thursday.

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Russia’s ROSATOM permitted to start construction on Egypt’s first nuclear power plant