Financial institutions in Egypt
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Moniepoint investor takes over Egypt’s $105M Nclude with new venture fund
Development Partners International (DPI), a UK-based private equity firm, has taken over the management of Egypt’s $105 million Nclude Fund.
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Why is the Egyptian Pound testing new lows?
The EGP sinks to new lows due to persistent capital outflows and financing gaps, sparking concerns about economic resilience.
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Gold prices in Egypt jump on Thursday
Gold prices in Egypt spike, with 24k gold reaching EGP 5,142.75/gram, reflecting global demand and local currency pressures.
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Egypt Kuwait Holding’s general assembly greenlights $53.2mln dividends for 2024
EKH shareholders approve $53.2M in dividends, reflecting strong 2024 financials and strategic regional investments.
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Standard & Poor’s revises its outlook for Egypt
S&P affirms Egypt’s credit rating at B-/B, revising its outlook to stable amid reforms and external funding improvements.
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Egypt’s financial outlook shifts to stable at S&P, ’B-/B’ ratings confirmed
SP‑BB upgrades Egypt’s outlook to stable amid fiscal reforms, boosting investor confidence and highlighting market stability.
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Egyptian banks offer fee-waived, no-minimum accounts through April for financial inclusion drive
Egyptian banks launch a fee-waived, no-minimum-balance account drive in April, enhancing financial inclusion.
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Fees for money transfers through Applications of 3 Banks
This step comes after InstaPay imposed a transfer fee of 0.1 percent of the transaction amount, with a minimum of 50 piasters and a maximum of LE20.
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The EGX and pound falls again amid additional US tariffs
The drop in the pound was mirrored by a steep decline in the Egyptian Exchange (EGX), where the main indices fell by between 1.86% and 3.65%.
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US tariffs increase uncertainty as Egypt weighs interest rate cut
The global trade disruptions caused by the newly imposed US tariffs are creating uncertainty for Egypt’s monetary policy.