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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Egypt has agreed with the IMF to combine the first two reviews of its economic reform program, after the first review experienced multiple delays due to questions over Egypt's progress.
25.09.2023 Reuters
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The Central Bank of Egypt reported that banks in the Egyptian market recorded cash balances of nearly LE 106.241 billion in June 2023. With the local and foreign banks accounting for LE 2.326 trillion and LE 308.623 billion, respectively.
25.09.2023 EgyptToday
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As the first licensee of consumer finance in Egypt, Contact has played a pivotal role in growing the non-bank credit sector.
24.09.2023 gulf business
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Egypt will host the 8th annual meetings of the Asian Infrastructure Investment Bank (AIIB) in Sharm El-Sheikh on 25 September.
24.09.2023 ahram online
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Egypt has increased its economic growth rate target for the fiscal year (FY) 2023/2024 to 4.4 percent from the previously targeted 4.1 percent.
21.09.2023 Ahram Online
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The Central Bank of Egypt (CBE) announced on Wednesday a four-day holiday for banks, starting 28 September, to celebrate the Moulid El-Nabi.
21.09.2023 Ahram Online
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The Saudi Egyptian Investment Company (SEIC), the Egyptian investment arm of KSA’s Public Investment Fund (PIF), is set to increase its stake in state-owned FinTech e-Finance from 25% to 28%.
21.09.2023 EgyptToday
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The government will implement a package of 27 reform measures divided into three main areas: asset sales and IPOs, attracting private investments.
21.09.2023 Zawya
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The contract aims to expand and establish micro-projects in 30 desert villages in four governorates: Kafr El-Sheikh, Beni Suef, Minya, and Aswan.
20.09.2023 Zawya
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Egypt plans to float 5 to 10% of the shares of the company building its new capital east of Cairo in the first half of 2024, according to the company's chairman.
20.09.2023 Reuters
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