Finance News
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Egyptian government offers incentives to expatriate investors
This is part of the Ministry’s role to enhance communication with Egyptian investors abroad and facilitate their entry into the Egyptian markets.
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COTU Ventures launches $54M fund for pre-seed and seed startups in MENA
With a final close achieved last year, COTU Ventures, which identifies and backs founders from the inception to post-product launch.
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EBRD Board of Directors visits Egypt
Representatives of the EBRD Board of Directors will visit Egypt from 25 February to 1 March 2024.
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Egypt’s MoneyHash secures $4.5m investment to boost payment plan for MENA merchants
Nader Abdelrazik, MoneyHash’s CEO, emphasizes the uniqueness of their position, with 10% of all MEA payments being digital.
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Details of the 40.5 percent high yield CDs from Emirates NBD – Egypt bank
The bank also announced the offering of an eight-year certificate with a variable return of 21 percent annually.
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Egypt-EIB cooperation portfolio values $3.6 billion in 18 development projects
The EIB provides financial and non-financial services in more than 160 countries around the world.
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Germany Invests €80 Million in Egypt's Future: A Boost for SMEs and Technical Education
Germany's €80 million aid package to Egypt aims to empower SMEs and enhance technical education.
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Egypt's Foreign Direct Investment Soars to a 15-Year High, Cementing Economic Growth
Explore Egypt's economic milestone as net FDI reaches $10 billion in 2023, showcasing the country's allure to global investors and strategic reforms.
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Egypt's Leap Towards Fiscal Discipline: Implementing a Unified Finance Law
Discover how Egypt is redefining its fiscal landscape with the introduction of a medium-term budget framework and a focus on performance-based budget.
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Goldman Sachs expects Ras El Hekma deal to end Egypt’s foreign exchange crisis soon
The bank stated that the deal’s investments surpassed its previous forecasts, citing the prompt execution of the deal.
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Progress in Discussions between Egypt, IMF on Loan Program is Excellent
Significant progress in IMF-Egypt talks on $3 billion loan program, according to IMF spokesperson Julie Kozack.
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Egypt and OECD Forge Ahead: Strengthening Ties for Economic Resilience and Growth
The relationship between Egypt and the Organization for Economic Co-operation and Development (OECD) extends over 15 fruitful years.
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Fawry cooperates with LA Market to empower local brands in Egypt
As the first choice in the electronic payments market, "Fawry" seeks to support women empowerment initiatives within the region.
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EBRD to provide US$50 million loan for support small, medium enterprises in Egypt
This package contributes to increasing access to financing for small, medium and micro enterprises and expanding their reach to new clients.
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Egypt in talks with IMF to get $10 billion assistance, as rates are hiked by 200 bps
A move that surprised economic analysts and is targeted at dropping the country’s inflation rate of 34%.
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Financial inclusion rates surge to 70.7% by end 2023: CBE
The Central Bank of Egypt (CBE) released the core set of financial inclusion indicators for 2023, highlighting a notable rise in inclusion rates.
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Egypt’s GDP to climb to 5.1 percent by 2025: OECD
The report suggests the growth will be driven by growing consumption if inflation declines and fiscal support gradually withdraws.
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Mashrouak national project to lend youth hits record EGP 200 mln in January
Egypt's national project to provide employment opportunities for youth, Mashrouak, achieved its highest lending rate since its launch in 2015.
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AWIU devises list for trade exchange in local currencies with BRICS
Yassa explained that this list includes furniture, textiles, ready-made clothing, and disinfectants – especially those designated for hospitals.
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Egypt targets 4.2% growth for the next fiscal year: Minister
This exceeds the expectations of the World Bank, which estimates that growth will reach 3.9 percent.