Finance News
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Egypt has been taking bold monetary policy actions to confront economic challenges: CBE Governor
However, core inflation rate fell below 40 percent in March, according to the latest figures released by the CBE.
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Egypt faces problems hindering first review of its loan programme: IMF’s Managing Director
Gerogieva said that the IMF is committed to supporting a more inclusive and effective debt resolution process.
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Misr Technology Services to be offered on EGX in 2024
Misr Technology Services (MTS) will be one of the companies to be offeMTS is the technical arm of the Minred on the Egyptian Exchange (EGX) next year.
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A cooperation agreement between "ADIB Egypt" and "New Avenue"
This agreement comes in light of the strategy of "ADIB Egypt", which is to provide banking solutions and financing methods.
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Official gazette publishes PM’s decision on minimum wages of civil servants
PhD holders should receive a minimum of 7,000 pounds per month, while employees with a master’s degree should get 6,000 pounds monthly.
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Source details top countries behind capital inflow in Egypt since 2014
The largest share belongs to the UAE, and that is 57.22%, followed by Bahrain 9.41%, the Netherlands 9%, then Italy and Saudi Arabia.
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Egypt's Non-oil Exports Grow by 12% to $30.4 Billion
Exports of manufactured goods for engineering and electronics amounted to about $3.077 billion, and agricultural crops amounted to $2.601 billion.
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'High financing costs & EGP depreciations’ behind lowering growth forecast for Egypt: IMF
The IMF also downgraded its expectations for the country's real GDP growth in 2024 to 5 percent from the 5.3 percent it had projected in January.
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Egypt’s Membership Of BRICS: Opportunities and Prospects
BRICS countries possess about 26% of the global land area, and about 42% of the world’s population.
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Egypt's urban inflation approaches its all-time high in March at 32.7%
Egypt is witnessing an inflationary wave that has been accelerating almost every month since the beginning of 2022.
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Egypt’s CBE announces 2-day bank holiday for Easter, Sham El-Nessim
Next week the Egyptian Coptic Orthodox Church and other Orthodox churches celebrate Easter according to the Julian Calendar.
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The Truth about 20-pound Polymer Note Entering Circulation in Eid Al-Fitr
Social media users circulated a picture of 20-pound denomination of polymer, claiming that the Central Bank of Egypt (CBE) intends to offer in Eid.
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InstaPay now allows transactions from outside Egypt
InstaPay now allows the use of InstaPay application and financial transactions in real time outside Egypt through its app.
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EFG Hermes concludes advisory on $210.5m IPO for Al Ansari on Dubai Financial Market
The IPO was comprised of a Qualified Investor Offering, which generated strong demand worth AED 10.2bn from both international and regional investors.
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MIDBANK offers EGP 1bn in finance to major projects in various sectors during 2H 2022
MIDBANK was keen to cooperate with various banks to finance many mega projects, as part of its strategy to strengthen the syndicated loan portfolio.
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3 state-run banks lead savings certificates market with record-yield vessels
The National Bank of Egypt issued a new platinum certificate for a period of 3 years, with a minimum purchase of EGP 1,000 and its multiples.
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Egypt to Take Swift Action to Provide Foreign Exchange for Fodder Needs
The Egyptian government and the Central Bank of Egypt agreed to take quick measures to provide foreign exchange to increase the quantities of fodder.
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Government mulls adding Ebank to IPOs Program
On February 8th, the Cabinet announced that it would offer 32 state-owned companies and banks for sale on the Egyptian Exchange (EGX).
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How to make Egyptian bonds more desirable?
This poor showing reflects market uncertainty, with investors anticipating another devaluation in the Egyptian pound.
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World Bank issues negative forecast for Egypt’s economy
On March 14, the Egyptian government announced an expected growth of the economy during the current fiscal year by 4.2 percent.