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FINANCIAL NEWS
Egypt, Africa to enhance business ties by 50 percent
16 Apr 2016
(MENAFN) Egypt aims to support Africa’s industrial sector to increase the volume of Intra-African trade to reach USD 250bn by 2021, from USD 170bn.
Additionally, both sides discussed the current increased collaboration between them via the Egyptian-African program to promote trade.
Moreover, Egypt has allocated a USD 500mn credit line to facilitate the movement of trade between them and other African nations.
Developing Intra-African trade will support reduce the continent’s reliance on basic goods and raw materials.
More News
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BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
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13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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