Financial institutions in Egypt
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Egyptian perspective on a key mechanism in resolving double taxation disputes
A MAP allows taxpayers to seek relief from double taxation by requesting negotiations between tax authorities.
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Egypt:Life insurance gaining in importance
The life insurance sector in Egypt is undergoing a transformation, and its importance is increasing in light of economic and social changes.
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ALEXBANK signed MoU with Cassa Depositi e Prestiti to Support Egypt’s rural development
The MoU establishes a collaborative framework between ALEXBANK and CDP focusing on providing Egyptian farmers and agribusinesses.
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Egypt’s M&A Market Sees 21% Recovery in H1 2024
This is a notable shift from the sharp decline witnessed in 2023, when M&A deals were impacted by currency instability and economic pressures.
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Egypt sovereign fund to run under Ministry of Investment
Prime Minister Mostafa Madbouly issued a decree stipulating that The Sovereign Fund of Egypt (TSFE) be affiliated with the Ministry of Investment.
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Egypt continues to drive growth in the regional M&A space
Egypt’s M&A landscape is showing signs of recovery, with a 21% year-on-year increase in H1 2024.
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Egypt seeks to increase Chinese investments
Abbas made the remarks while receiving a high-level Chinese delegation grouping representatives of 40 Chinese companies.
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Maait elected executive director representing Arab countries, Maldives at IMF
Egypt’s former minister of finance Mohamed Maait has been elected as the executive director and member of the Executive Board.
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Egypt’s Rabbit Mobility raises $1.3m to fuel expansion plans
Egyptian micromobility startup Rabbit Mobility has raised a US$1.3 million funding round to fuel its expansion across Egypt and other North Africa.
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No devaluation expected after Banque Misr raised USD CDs yield
Raising the yields on US dollar-denominated certificates and other deposits by Banque Misr does not indicate an expected devaluation of currency.