The finance industry includes numerous sectors. Banking provides services ranging from account management to investments. Private Equity and Venture Capital invest in established companies and startups, respectively. Financial Services offer planning and advice, while Real Estate Finance covers services related to property, such as mortgages. Fintech utilizes technology to offer financial services.
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This liquidity withdrawal is part of the CBE's open market operations to effectively regulate the money supply within the Egyptian banking system.
16.05.2024 Egypt Today
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The Egyptian government is expected to allocate around $11 billion to paying off some of its external debt.
15.05.2024 Egypt Today
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Al-Sisi mentioned again his country hosting about nine million refugees and that hosting them costs over $10 billion per year.
15.05.2024 Middle east monitor
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In addition, the private sector increased its contribution to the gross domestic product (GDP) to 71 percent this year.
15.05.2024 economy middle east
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Visa Platinum, Mastercard Platinum and Mastercard holders can now utilize up to LE 40,000, compared to the previous LE 12,500 limit.
15.05.2024 Egypt Today
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The Egyptian pound’s rate against the US dollar declined on Tuesday to 46.92 for selling and 46.79 for buying, its strongest point since 23 March.
15.05.2024 Ahram Online
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Egypt's youth's robust use of mobiles and the internet makes the local market promising for investments in digital transformation.
13.05.2024 Ahram Online
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Egypt signed an agreement with the International Monetary Fund on March 6, with an initial $820 million payout received in April.
12.05.2024 Reuters
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MNZL, a FinTech startup, has raised $3.5 million to revolutionise asset-backed lending in Egypt and across the MEA region.
12.05.2024 ibs intelligence
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A primary surplus of 1.6% of GDP in FY 2022/23 contributed to the improved fiscal position.
12.05.2024 MENAFN
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