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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The Central Bank of Egypt (CBE) has announced that banks operating in Egypt will be closed from Tuesday 9 April to Sunday 14 April to celebrate Eid.
07.04.2024 Ahram Online
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An expanded IMF agreement and major investment by the UAE provided little relief to Egypt's non-oil private sector in March.
04.04.2024 Reuters
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Egypt’s Net International Reserves reached $40.36 billion at the end of March 2024, the highest since February 2022.
04.04.2024 Ahram Online
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Minister Maait has issued firm instructions to swiftly address tax evasion and the improper withholding of taxes by businesses.
03.04.2024 Daily News Egypt
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NFAs represent both central bank and commercial bank assets held by non-residents, minus their liabilities.
03.04.2024 economy middle east
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Sisi swept to victory in an election last December with 89.6% of the vote and no serious challengers.
03.04.2024 Reuters
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The decline is due to the devaluation of the Egyptian pound against the US dollar, interest rate hikes, and broader economic challenges.
02.04.2024 Egypt Today
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Egypt will have immediate access to $820 million this week and another $820 million after a review to be completed by the end of June.
02.04.2024 Reuters
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Tax revenues have recorded a growth rate exceeding 38 percent since the beginning of the current fiscal year (FY24/25).
02.04.2024 Egypt Today
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The proceeds of the concessions on Friday alone amounted to LE224 million, with 65 percent of the total proceeds were from concession of US dollar.
01.04.2024 Egypt Independent
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