Financial institutions in Egypt
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Federation of Egyptian Banks denies links to GRA platform
The Federation of Egyptian Banks (FDE) denied Thursday any connections or accounts between banks operating in Egypt and the GRA platform.
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Egypt Eyes New Tax on Local Firms Profiting Abroad
PwC’s Sherif Shawky announces Egypt is considering taxing local firms that generate revenues from abroad.
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Egypt’s net foreign assets jump in January
Egypt completed the sale of $2 billion in international bonds on January 29 in its first dollar-denominated international bond issuance in four years.
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Egypt charts course for business growth with raft of tax initiatives
Taxpayers can submit overdue tax returns for previous periods since 2020 without incurring penalties.
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Saudi bourse extends losses on lacklustre earnings; Egypt gains
Egypt's blue-chip index (.EGX30), opens new tab gained 0.8%, snapping a four-day losing streak.
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Egypt expects $1.2 billion IMF loan payment next week
Egypt is expected to receive a $1.2 billion loan from the IMF next week, boosting fiscal stability and supporting long-term growth.
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Japanese investments in Egypt surge 140% to $60mln in 2024
Japanese investments in Egypt surged by 140%, reaching $60 million in 2024, demonstrating increased confidence in Egypt's economy.
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Finance Ministry to issue EGP 730bn in T-bills, bonds in March
The Egyptian Finance Ministry plans to issue EGP 730 billion in Treasury bills and bonds in March, aiming to raise capital for fiscal projects.
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Net foreign assets in Egypt’s banking sector surge to $8.7bn in January 2025
The Central Bank of Egypt has reported a significant rise in net foreign assets within the banking sector, reaching approximately $8.7bn in Jan 2025.
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Egypt's Ezdehar private equity to deploy up to $100mln in 2025
EZDEHAR Private Equity plans to inject up to $100 million in Egypt's dynamic investment landscape for 2025.