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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Many analysts believe Egypt will wait until January, well after the Dec. 10-12 vote, before hiking interest rates or devaluing the currency.
19.12.2023 Reuters
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Banks operating in Egypt on Sunday resumed collecting fees on opening accounts (current or savings), adhering to the minimum account balance.
19.12.2023 Egypt Independent
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Egypt's economy is expected to achieve a real growth rate of 3.3 percent during the fiscal year (FY)2023/2024, which ends in June 2024.
18.12.2023 Ahram Online
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Rania Al-Mashat stated that the ministry secured $28.5 billion for the public sector and $10.3 billion for the private sector between 2020 and 2023.
18.12.2023 Egypt Today
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Egypt bears an annual burden of over EGP 13 billion due to interest rate differences in loans provided domestically at discounted interest rates.
18.12.2023 Ahram Online
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This amendment enables closed investment fund companies to issue multiple batches of documents, streamlining the establishment and processes.
18.12.2023 Egypt Today
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He also added that Egypt has dedicated LE 160 billion to support the agricultural, industrial, and tourism sectors.
18.12.2023 Egypt Today
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Egypt has received $38.8 billion of soft development loans and grants from international development partners between 2020 and 2023.
18.12.2023 Ahram Online
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The Egyptian government's decision to rationalize spending will not affect crucial sectors such as health, supply goods, petroleum and gas supplies.
18.12.2023 Ahram Online
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British bank HSBC projected the Egyptian pound to experience devaluation, reaching EGP 40-45 against the US dollar, during the first quarter of 2024.
17.12.2023 Ahram Online
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