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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Ratings agency Fitch has downgraded its credit ratings on four Egyptian banks, including the largest private bank.
15.11.2023 Reuters
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Egypt was keen to diversify funding sources and enter new financial markets, including "the possibility of heading to Indian financial markets,".
15.11.2023 Reuters
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Kuwait has prolonged the tenor of a $4 billion deposit at the Central Bank of Egypt (CBE) to support the country’s international reserves.
14.11.2023 Ahram Online
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Egypt’s total budget deficit reached 3.2 percent of GDP or more than EGP 383 billion ($12.4 billion) during the first two months of FY23/24.
14.11.2023 Ahram Online
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The bank's net profits after tax soared to EGP 3.80 billion, marking a remarkable year-over-year leap of 137.19%.
14.11.2023 investing
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The central bank and KIA each currently hold a 49.37% stake in AAIB, with the leftover 1.26% distributed to “others,” explains AAIB’s recent report.
14.11.2023 Egypt Today
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The Egyptian cabinet announced that it will hold a press conference soon to provide updates on the government IPO programme and future planning.
14.11.2023 Ahram Online
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The bills, which will be settled on Nov. 14, replace a similar amount of maturing one-year dollar T-bills that bore an average yield of 4.60%.
14.11.2023 Reuters
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The contract reflects MSMEDA’s interest in cooperating with microfinance companies in the Egyptian market to increase the microfinance portfolio.
14.11.2023 Zawya
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These opportunities are spread across 56 state entities, encompassing various sectors such as industry, services, agriculture, and tourism.
14.11.2023 Egypt Today
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