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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Bloomberg Economics estimates the pound needs to weaken to EGP 24.6 per USD 1 “to bring Egypt’s trade deficit to a reasonable level.”
27.10.2022 Egyptian Streets
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Egypt has reached a 46-month staff-level agreement with the International Monetary Fund under the Extended Fund Facility with a loan worth $3bn.
27.10.2022 Ahram Online
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It is expected that the average inflation will reach 15.2 percent during the second half of this year.
23.10.2022 Egypt Independent
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Egypt-based One Finance has launched Buy Now, Pay Later in the country with an issued and paid capital worth USD 5 million.
18.10.2022 The Paypers
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Egypt's private consumption accounts for nearly 85% of its nominal GDP, and only 4% of its overall GDP is cashless.
18.10.2022 Tech Crunch
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Egypt's debt represents 80 percent of the country’s gross domestic product, which is a low percentage compared to the global level.
16.10.2022 Arab News
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The value of Egyptian exports increased by 2.2% year-on-year (YoY) to $3.13 billion in July 2022 from $3.07 billion.
16.10.2022 Zawya
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The yield of golden certificates (three-year term starting from $500) will reach 5.30% annually, 5.25% biannually, 5.20% quarterly or 5.15% monthly.
09.10.2022 Ahram Online
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Banks spotted manipulation practices from some companies and individuals using their cards to withdraw foreign exchange abroad.
09.10.2022 Daily News Egypt
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The EBRD’s volume of investments in Egypt – a founding member of the bank – stands at nearly one billion Euros annually.
02.10.2022 Ahram Online
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