Financial-Services News
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Is Egypt's tax digitalization the key to a modern economy?
Under the leadership of Rasha Abdel Aal, the ETA has made significant strides in integrating advanced digital tools into its operations.
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Egypt's new rules for brokerage firms in carbon market explained
To ensure the market's integrity and efficiency, the Financial Regulatory Authority (FRA) has introduced stringent conditions for brokerage firms.
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10 things you need to know about 'frozen dollars' in Egypt
These frozen dollars are being sold at a jaw-dropping 50% below the parallel market rate, raising questions about their authenticity and legality.
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10 things you need to know about Egypt-UAE currency Swap
Egypt and UAE signed on Thursday an agreement for currency exchange, but what does that mean? Here are 10 facts about the agreement.
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Egypt records highest-level foreign direct investment
The Prime Minister said in a press conference that the country recorded a 94 percent growth in foreign investment on a year-on-year basis.
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Consumers in Egypt embrace digital payments
88% of consumers in Egypt have used at least one emerging payment method in the last year, with usage expected to further increase.
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Egypt has 85 projects to adapt to climate change
The projects are under the portfolio of the Ministry of International Cooperation, with a total cost that reaches close to $12 billion.
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Cashless transactions through Fawry increase by 232%
At the end of 2021 Fawry recorded an active daily users’ base of almost 2.5 million users.
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Top 6 Fitch predictions about Egypt economy
The American credit rating agency stated that the Egyptian economy is among a few to managed to achieve an annual growth despite the COVID-19 pandemic
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Top 3 players in mortgage finance market in Egypt
These companies offer different options of finance to people who want to own real estate units, whether residential, commercial or administrative.
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Paymob Closes Series A with $18.5m
Paymob was founded in 2015 by Islam Shawki, Alain El Hajj and Mostafa El-Menessy with a vision to revolutionize payments in Middle East and Africa.
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2021-2022 draft budget handed to president for review
The budget aims to support investments, especially in projects that offers support to rural areas and cater to the development of Upper Egypt.