Finance News
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French investments in Egypt exceed $7 bln during Macron visit
French investments in Egypt have exceeded $7 billion, making France one of the country’s key partners and creating over 50,000 jobs.
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Mastercard, PayTabs partner to enhance digital payment solutions for Egypt SMEs
According to the statement, it will also allow merchants to generate payment links quickly, reducing the time and effort required.
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Stock market lands in the red amid Egyptian selling and new US tariffs
The Egyptian Exchange (EGX) plummeted on Sunday, just one day after the US implemented its latest blanket tariffs.
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Egypt’s external debt fell by US$12.9 billion in 2024
Egypt’s external debt dropped $12.9 bn in 2024 to $155.1 bn—the largest annual fall ever—driven by CBE reforms and timely bond repayments.
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EU approves €4bn loan for Egypt
The EU Parliament approves a €4 bn tranche for Egypt’s MFA package, bolstering fiscal stability, reforms, and strategic partnership through 2027.
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Finance Ministry highlights initiatives to stimulate economic activity
Egypt’s Finance Ministry unveils initiatives to spur growth: private-sector incentives, industry support, and expanded social protection outlays.
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USD/EGP exchange rates edge up on Thursday
USD/EGP rates ticked up to EGP 50.54/50.64 at major banks on April 4, reflecting ongoing dollar demand and FX‑market volatility.
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Central Bank of Egypt announces increase in net foreign assets
Egypt’s banking system net foreign assets jumped by $1.5 bn in Feb to $10.17 bn, boosting FX reserves and supporting pound stability.
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2PointZero’s Maseera acquires Egyptian fintech platform ADVA
2PointZero’s Maseera acquires ADVA, leveraging AI credit scoring and e‑KYC to extend digital lending to Egypt’s 50 M underbanked consumers.
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Egypt’s new budget promises pay raises for public workers
The FY2025/26 plan boosts salaries, raises minimum wage, and opens hiring across education and healthcare, but can it balance growth with rising cost?
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7 key facts about the EU’s €4 billion aid to Egypt
What the newly approved financial package means for Egypt’s economy, green transition, and long-term relationship with Europe.
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Billionaire Nassef Sawiris changes residency to Italy
Sawiris, whose wealth is estimated at around $8.6 billion, resigned from his position as director of the London branch of his family office.
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Why Egypt Does Not Need US Aid
The United States has, for decades, provided Egypt with military and economic aid, but this support has always come with strings attached.
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Egypt's Beltone reveals first round’s results of capital hike subscription
The offering witnessed over 4.95 billion shares subscribed, according to a press release.
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Egypt appreciates EP decision on 2nd tranche of EU's financial support package
The approval of the second tranche also acknowledges Egypt’s vital role in promoting peace and stability in the Middle East.
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Transfer and inquiry fees implemented on InstaPay starting Tuesday
New fees for transfer and inquiry services on the “InstaPay” application have come into effect on Tuesday, April 1, 2025.
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EGX trading sees Egyptian purchases pull indices upwards to close March trading in the green
Benchmark index EGX 30 was up during today’s session, rising 0.89 percent to end with 32,026.14 points.
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Egypt’s FY2025/2026 draft budget revenue expected to reach EGP3.1TN
During FY2025/2026, the government aims to achieve a primary surplus of EGP 795 billion, equivalent to 4 % of GDP.
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CBE launches annual Women’s Financial Inclusion Event
The Central Bank of Egypt launches its annual Women's Financial Inclusion Event, promoting financial products and services tailored to women's needs.
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WE, CIB forge strategic partnership to deliver cutting-edge digital financial services
WE and CIB form a strategic partnership to offer innovative digital financial services, enhancing customer experience and financial inclusion.