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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President Abdel-Fattah El-Sisi urged his government to cut back on imports to conserve foreign currency. Egypt imports about $60 billion annually.
08.10.2015 Bloomberg Business
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The growth figure of 4.2% is an important accomplishment as the average was 2% in the previous three years, he added.
06.10.2015 State Information Service
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Qasim: all currencies were devalued except the Egyptian pound, the latter which had no economic justification for retaining the status quo.
05.10.2015 Egypt Independent
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Public debt services’ expenses comprise around 28 percent of total public spending.
03.10.2015 Star Africa
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Trading in September reached 26 billion Egyptian pounds against 20.2 billion Egyptian pounds in the month before.
04.10.2015 Star Africa
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The government has stated it is committed to pay off interests on public debt estimated at 244 billion EGP in the new budget, an increase of 25.1%.
02.10.2015 The Cairo Post
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Dimian said that the implementation of a long awaited value-added tax (VAT) by the end of 2015 would help generate great additional revenue.
01.10.2015 Ahram Online
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The minister also stated that the ministry’s priorities include supporting the state’s budget as well as providing funding to stimulate growth.
23.09.2015 Star Africa
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Banque Masr Chairman states that Egypt is a promising market for investments using new Suez Canal as an example.
13.09.2015 Daily News Egypt
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measures taken to reduce budget deficit like raising fuel prices have contributed to soaring pricing.
11.09.2015 Ahram Online
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