Finance News
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European Parliament Approves €4 Billion in Financial Assistance to Egypt
The European Council is expected to vote on the decision in the coming days, paving the way for the initiation of the disbursement process.
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Egyptian parliament approves of new national budget plan
FY2025/2026 targets real GDP growth of 4.5 percent. This represents a significant increase from the 2.4 percent growth recorded in FY2023/24.
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Egypt targets 4.5% growth amid regional uncertainty
Egypt’s parliament has approved the national budget for fiscal year 2025/26, which begins on 1 July.
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Egypt’s Octane raises $5.2 million to digitize fleet payments across MENA
The new funding will be used to expand Octane’s regional footprint, acceptance network, and AI capabilities, including fraud detection and route opt.
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FDIs in emerging markets, developing economies fall to lowest levels since 2005
In 2023, EMDEs collectively received $435 billion in FDI, marking a significant decline.
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Morocco’s Wafa Assurance eyes Egypt’s Delta Insurance
The Moroccan insurance company offers a price of 40 Egyptian pounds per share, valuing Delta Insurance at almost $100 million.
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IFC committed to supporting Egypt transition to private-sector-led economy
Since beginning operations in Egypt nearly 50 years ago, IFC has invested and mobilized almost $10 billion in investment projects.
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EGBANK and Mastercard Partner to Expand Digital Payment Solutions in Egypt
The collaboration aims to strengthen EGBANK’s strategy and reinforces its commitment to delivering convenient, seamless and secured payment experience
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Al-Mashat discusses economic and investment ties with UK ambassador
Egypt and the UK deepen economic ties, focusing on climate finance, SME support, and sustainable investment through new bilateral channels.
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Egypt activates emergency gas plan amid regional tensions
HSBC sees Egypt’s economy stabilizing with easing inflation and interest rates, despite Suez Canal disruptions and regional geopolitical risks.
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Red Sea land allocated for sukuk issuance, not sold
Egypt allocates Red Sea land for sovereign sukuk, aiming to reduce debt, boost investment, and fund development without selling state assets.
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Financial position of banks in Egypt rises to EGP 22.039trn in February 2025
Egypt’s banking sector hits EGP 22.039 trillion in assets, driven by rising deposits and credit facilities, signaling robust financial system growth.
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How did Egypt achieve its biggest budget surplus since 2005?
There’s a long road ahead, and the risks remain real. But this fiscal year didn’t just exceed expectations. It rewrote them.
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Egypt issues first continent-wide investment study for Africa
Egyptian investments in Africa have already topped $14 billion, and the country is showing no signs of slowing down.
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Egypt Achieves 3.1 Percent Primary Surplus Highest Since 2005
Kouchouk emphasized that Egypt’s economy is showing clear signs of improvement, with the private sector playing a leading role in the recovery.
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Sisi Allocates 174M sqm of State Land to Support Debt Reduction and Sovereign Sukuk Plans
According to data reviewed by Al Arabiya Business, Egypt's external debt declined by $111 million in Q4 2024, settling at $155.09 billion by year-end.
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Egypt launches first comprehensive study on investment in Africa
Egypt’s investments in Africa currently exceed $14 billion, according to previous remarks by Foreign Minister Badr Abdelatty.
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Banking sector sees local liquidity climbing in April
The money supply declined slightly, reaching LE 3.170 trillion in April, compared to LE 3.209 trillion in the previous month.
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Three real estate platforms seek FRA licensing for investment funds
FRA greenlights Nawy, SAFE & Saqr to form real estate investment funds, digitizing assets & protecting investors.
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USD/EGP exchange rates edge down on Wednesday
USD/EGP fell to EGP 49.59/49.69 today, maintaining stability just under the EGP 50 mark, a confidence signal for investors.