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Unlisted agricultural company to issue sukuk in January 2021: FRA
Sukuk issuances in 2021 are set to exceed EGP 10bn, says FRA official

Agricultural Bank of Egypt explores development opportunities in Minya
Bank agrees to finance agricultural, livestock production projects, and to apply modern irrigation systems in Minya, says Chairperson Alaa Farouk

Palm Hills successfully closes EGP 1.5bn securitisation transaction of gross receivables portfolio
Company expects to engage in further securitisation transactions in 2021, says Chairperson

Kuwaiti bank believes COVID-19 impacts on Egypt economy faded away
In a report, the bank said that despite the pandemic, preliminary figures revealed that Egypt’s real GDP grew by 3.6% in fiscal year (FY) 2019/20, compared to 5.6% in FY 2018/19.

Orange Egypt announces its CSR Role during COVID-19 at Cairo ICT 2020
Orange supported public hospitals in all governorates by offering medical and preventive supplies and respirators

Top Islamic authority Al Azhar condemns Boko Haram attack in Nigeria
At least 70 people working in rice farms were killed by militants

Egypt’s Shoukry, EBRD discuss ways to enhance cooperation
Egypt achieves highest growth rate among 39 of EBRD’s countries of operations

Al-Sisi, Abbas to discuss Palestinian Cause, regional issues in Cairo
Palestinian Ambassador in Cairo praises Egypt’s position in support of Palestinian people and their fair cause

Egyptian actress Sherihan auctions iconic dress at Sotheby’s to raise donations for Beirut
Actress’s dress is now considered one of most expensive in Middle East

Journey from Japan to Egypt sees chef turned auto CEO bring joy of origami
By using advertising paper for figurines, he recycles high quality paper into origami sculptures
Business View recognises Lamia Kamel as 2020 Businesswoman of the Year
Kamel’s interest in reading was also particularly important to her, as it helped her polish her skills as an excellent leader in public relations.

South Korean Ambassador celebrates national day, silver jubilee of Egyptian-Korean relations
Korean Ambassador Hong Jin-wook said that traditionally, the Korean Embassy holds a major celebration to mark the country’s National Day. This year was also particularly important for the embassy in Cairo, due to its being 25 years since the establishment of diplomatic relations between South Korea and Egypt.

TPLF attacks Asmara for 3rd time, Ethiopia’s Abiy Ahmed claims victory in Mekelle
Federal police will continue working to arrest TPLF members, says Ethiopian Prime Minister

Palestinian people’s suffering doubled in 2020 amid COVID-19: Arab League
Speaking on Sunday, Aboul Gheit said that the Palestinians have remained captive between the hammer of the occupation’s brutality and its violations and racist practices, and the anvil of the pandemic.

Egypt rejects linking terrorism with Islam during OIC meeting
The delegation attended the council meeting on 27-28 November in Niger’s capital, Niamey, under the title “United against Terrorism for Peace and Development”. Egypt’s Deputy Minister of Foreign Affairs for African Affairs Ambassador Hamdi Sanad Loza participated in the session.

Egyptian government is gearing up for participation in Dubai Expo 2020
The Dubai Expo 2020 has been delayed, due to the novel coronavirus (COVID-19), and is now scheduled to be held for six months from October 2021.

Korean companies export $700m of “Made in Egypt” products to Africa, Middle East annually
Korean Ambassador in Cairo Hong Jin-wook took the unusual step of playing Egypt’s national anthem himself on the saxophone, while a group of Egyptian artists played the national anthem of Korea.

Egypt, Germany discuss launch of Debt Swap Programme’s 3rd tranche of €80m
During the meeting, the two sides discussed the development financing priorities for the coming period, and the launch of the third tranche of the debt swap programme for development.