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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Egypt’s central bank cut its main interest rates by 50 basis points to support an economy badly hit by the coronavirus pandemic.
15.11.2020 GDN online
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The move is part of the finance ministry’s plan to diversify its base of investors who want to invest in governmental financial securities.
08.11.2020 Ahram Online
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Four years have passed since the Central Bank of Egypt (CBE) took a bold decision to liberalise the exchange rate on 3 November 2016.
08.11.2020 MENA FN
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Returns on debt instruments also see minor decreases.
05.10.2020 Daily News Egypt
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The bank’s Monetary Policy Committee (MPC) reduced the lending rate to 9.75 percent and the deposit rate to 8.75 percent.
27.09.2020 Egypt Independent
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Banks obliged to reconcile their conditions under its provisions within 1 year, transition period can be extended for 2 years.
27.09.2020 Daily News Egypt
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The number of customer accounts grew to about 1.775mln in August 2020.
20.09.2020 Zawya
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El-Sayed added that his company plans to establish another venture capital investment fund, with a capital of EGP 1bn in early 2021.
09.09.2020 MENA FN
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HSBC is advising Bank ABC on the talks, two sources familiar with the deal told Reuters. HSBC declined to comment.
09.09.2020 Reuters
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The economic reform program provided a measure of resilience to the Egyptian economy that enables it to interact with internal and external challenges
06.09.2020 Egypt Today
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