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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Some causes date back decades, such as failed industrial development due to poor planning and heavy bureaucracy, and export policies.
10.03.2024 Reuters
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Egypt secured an additional $5 billion in IMF loans on Wednesday, the two sides said, after the central bank hiked interest rates.
07.03.2024 France 24
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The state has recently raised interest rates by 6 percent to contain inflation and support citizens.
07.03.2024 Ahram Online
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Egypt’s pound hit a record low against the dollar on Wednesday after its central bank hiked interest rates by 600 points and devalued the currency.
07.03.2024 cnbc
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The National Bank of Egypt (NBE) decided to offer a three-year certificate with a decreasing interest, at an annual price of 30% for the first year.
07.03.2024 See news
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On Wednesday morning, the Central Bank of Egypt raised interest rates by 600 basis points, equivalent to 6%, to reach levels of 27.25%.
07.03.2024 See news
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The average price of the dollar in the banking market reached EGP 49.4743 for buying and EGP 49.5743 for selling, according to the CBE
07.03.2024 Daily News Egypt
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Madbouly stated that Egypt's external debt will decrease by $11 billion, transferred from an Emirati deposit in the central bank as an investment.
06.03.2024 Egypt Today
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The project is designed to bring in much-needed foreign currency into the North African country, which is going through its worst economic crisis.
05.03.2024 Al Monitor
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The US dollar exchange rate in the black market witnessed a new decline by about LE20 on Saturday, falling to LE43.
04.03.2024 Egypt Independent
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