List of Banks in Egypt
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Key targets of Egypt’s FY2024/2025 budget plan
The FY2024/2025 budget is based on oil prices of $82 per barrel, up from $80 per barrel in the current FY2023/2024.
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IFC’s banking finance network upgrades Egypt’s performance to ‘Advancing’
The matrix provides a measure of progress made at the country level by member institutions to develop a sustainable finance framework.
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Egypt’s major commitments under the IMF’s $8 bln expanded loan deal
The fourth through eighth and final reviews are scheduled to be completed every six months, allowing the country to receive around $1.3 bn each time.
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Egypt and African Development Bank finilise programme to strengthen country's entrepreneurial ecosystem
More than 100 businesses and entrepreneurs have benefited from the financial, tax, administrative, and technological advice offered by top consulting.
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Slight shift as dollar reaches EGP 47.8 in major banks on Wednesday
The US dollar exchange rate declined against the Egyptian pound at major banks on Wednesday, reaching EGP 47.8 down from EGP 48 recorded on Sunday.
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Banking system ready to secure foreign currency to increase strategic reserves
El-Sisi has also directed the government to improve its ability to intervene during a commodity shortage crisis to ensure price stability.
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The IMF Outlines Four Primary Goals for Egypt’s Economic Stability
Egypt’s economy has been struggling for years with inflation. In January 2022, one USD cost EGP 15.7, and one year later, it cost EGP 29.8.
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Central Bank of Egypt to launch six tenders for T-bills, bonds totalling $2.51bln
The funds are earmarked for settling past debts and addressing the national budget shortfall.
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South Africa’s Standard Bank Group to set up Egypt office in 2024
The South African bank’s presence in Egypt will allow it “to capitalize on the significant emergence of the Gulf-sub Sahara Africa-Egypt corridor.
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Minister of International Cooperation highlights World Bank's role in development financing
Al-Mashat also discussed regional and international challenges and their impact on developing countries and emerging economies.