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 12-month non-deliverable forward contracts for the Egyptian pound against the US dollar surged to an all-time high of EGP 63.
02.02.2024 Ahram Online
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NBE has launched a new debit card for customers with US dollar accounts, named Visa Platinum, to facilitate customers' overseas purchases.
02.02.2024 Ahram Online
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This adjustment sets the rates at 21.25%, 22.25%, and 21.75% respectively, in a strategic move to curb inflation and stabilize the national economy.
02.02.2024 See news
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CBE stated it has not issued new directives regarding adjustments to the daily withdrawal limit in Egyptian pounds for individuals and corporations.
02.02.2024 Ahram Online
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The decision is fulfilling a key condition the International Monetary Fund set in a $3 billion agreement signed a year ago.
02.02.2024 Arab News
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As Egypt is facing a tough economic situation, various global economic institutions have given different projections for Egypt's real GDP growth 2024.
01.02.2024 Ahram Online
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The IMF also reduced growth expectations for the year 2025 to 4.7 percent, compared to five percent previously.
01.02.2024 Egypt Independent
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The US dollar rate in Egypt’s currency parallel market has soared to a new peak, hitting EGP 72 per USD, multiple sources in the local market reported
01.02.2024 Ahram Online
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The cabinet also said new projects would not be started this fiscal year, but projects that are 70 per cent or more complete will be prioritised.
01.02.2024 Middle east monitor
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CBE reduced the daily cash withdrawal limits in Egyptian pounds for corporations and individuals to EGP 150,000, according to a message sent to banks.
01.02.2024 Ahram Online
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