Financial institutions in Egypt
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HDB doubles net profits to $217mln in 2024, marking 83.1% surge
The Housing and Development Bank of Egypt sees a remarkable 83.1% profit increase, hitting $217 mil in 2024. A strong indicator of financial growth.
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Naguib Sawiris discusses politics, investments and his meeting with North Korea’s leader
Naguib Sawiris offers insights into his political and investment strategies, including a high-profile meeting with North Korea’s leader.
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EGP 911.5bn in total financing provided by FRA-regulated entities in 2024: Chairperson
FRA-regulated entities in Egypt provided a total of EGP 911.5 billion in financing in 2024, fueling economic growth and investment.
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French bank BNP Paribas predicts Egypt’s economic growth to reach 4% in FY2025
BNP Paribas forecasts robust economic growth in Egypt, reflecting confidence in the country’s financial and business prospects.
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HDB doubles net profits to EGP 11bn in 2024, marking 83.1% surge
Housing and Development Bank (HDB) reports an 83.1% surge in net profits, reaching EGP 11 billion in 2024—a strong indicator of financial stability.
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Global semiconductor industry revenues expected to hit $1 tln globally by 2030: GSA CEO
Egypt’s PM presents a forward-looking strategy for sustainable growth, focusing on balancing economic development with environmental responsibility.
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Major tax reforms to take effect in March
The overarching goal of the new tax relief package is to enhance transparency and eliminate bureaucratic obstacles.
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CBE February meeting: Will rates remain unchanged or does a cut await?
The CBE's latest calculation shows core inflation dropped to 22.6 percent in January 2025, down from 23.2 percent in December 2024.
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Fawry, Banque Misr, EBC launch new interoperable cash service for e-wallets
This collaboration aims to enhance financial inclusion and improve access to financial services for a broader segment of society.
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Regulated companies, institutions inject EGP 75.436bn into 3.726 million MSMEs by end of November 2024
Regulated entities have invested EGP 75.4bn in 3.7 million MSMEs, driving economic growth and supporting small businesses across Egypt.