Financial institutions in Egypt
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Egypt Sees a Marked Increase in Expat Remittance Inflows
The Central Bank of Egypt reported a year-on-year growth of 76.2% in remittance inflows for July and August 2024.
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CBE allows opening bank accounts from age 15 without guardian
The bank explained that this amendment comes in light of the decision of Interior Minister amending the age of issuing the ID card to be 15 not 16.
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Egypt denies requesting larger IMF loan tranche
The Central Bank of Egypt (CBE) has denied recent media reports that the country has requested an increase in the upcoming tranche of its $8 billion.
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Egypt recovery hinges on inflation, debt control and investment
World Bank (WB) Chief Economist for the Middle East and North Africa (MENA) Region Roberta Gatti discussed the latest forecasts.
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United Bank eyes raising up to EGP 5.1 bln in EGX offering
The United Bank (UB) is aiming to raise between EGP 4.16 billion and EGP 5.14 billion in the upcoming initial public offering (IPO) on the EGX.
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Egypt expat remittance inflows surge by 65.5% in August
Egyptian expat remittance inflows into the country surged to approximately $2.6 billion in August, compared to $1.6 billion in August 2023.
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EBRD guarantee to QNB Egypt to unlock €70 million for small firms in Egypt
The agreement was signed by Jürgen Rigterink, EBRD First Vice President, and Mohamed Bedeir, QNB-Egypt Chief Executive Officer.
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Egypt sets goal to increase entrepreneurship investments to $5 Billion
To address challenges and drive growth, Madbouly announced the establishment of a ministerial group dedicated to entrepreneurship.
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Egypt’s IMF Debts Represent 69% Of Total Arab Countries' Obligations
Egypt's total obligations to the IMF hit $13.2 billion , exceeding the combined IMF debts of eight Arab countries.
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MSMEDA cooperates with WB to upgrade Egypt entrepreneurship eco-system
The Micro, Small and Medium Enterprise Development Agency (MSMEDA) is cooperating with the World Bank (WB) to upgrade the Egyptian Entrepreneurship.