Finance News
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Tax filing deadline extended to first working day after Eid al-Fitr
Abdel Aal urged all taxpayers and registrants to submit their tax returns electronically via the designated platform.
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Soaring prices push Egyptians to gift everyday goods this Ramadan
As Ramadan, Eid Al-Fitr, and Mother’s Day converge, Egyptian families prioritize home appliances and ready-made clothing over traditional gold gifs.
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FRA Approves Fintech Integration for Three Brokerage Firms
This decision marks a significant milestone in modernizing Egypt’s capital market by enabling these companies to leverage fintech solutions.
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Egypt investments put at $33.2bln in 2023-2024
Al-Mashat said several sectors recorded positive growth in the first quarter of the current fiscal year, which ends on 30 June.
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NBE, Banque Misr cut interest rate on US dollar CDs
The NBE reduced the interest rate on the three-year “Al Ahly Fawran” and “Al Ahly Plus” dollar-denominated savings certificates by 0.5 percent.
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All you need to know about Egypt's Integrated National Financing Strategy
Egypt launched its first Integrated National Financing Strategy (E-INFS) on Tuesday, representing a significant step forward.
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Egypt primary surplus hits all-time high of EGP 330 bln in FY24/25
Egypt attained an all-time high of EGP 330 billion in primary surplus during the first eight months of the current FY2024/2024.
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Egypt unveils national financing strategy to meet SDGs
“Collaborative efforts are crucial to create economic opportunities that enhance the well-being of peoples,” Madbouly stated.
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Egypt Transitions to Medium-Term Economic Planning in FY2026/2027
Despite these challenges, total executed investments for FY2023/2024 reached LE 1.626 trillion, reflecting a 5.8 percent increase.
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Arab Region’s GDP exceeds $3.5 trillion in 2024, set for 4.1% growth in 2025
This anticipated growth is expected to be driven by stronger performance in 14 Arab countries, particularly the nine oil-dependent nations.
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INTERVIEW: Egypt has strong fundamentals for long-term investment
As Egypt’s renewable energy sector accelerates, government targets and high-profile investments are set to transform the region's energy landscape.
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El-Khatib, India’s Lulu Group explore investment plans in Egypt
The group also aims to establish cold storage facilities to support exports from Egypt to global markets, Kutty stated.
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Elsewedy Electric’s consolidated profits rise 72.65% YoY in 2024
Elsewedy Electric's consolidated profits rise 72.65% YoY in 2024, reflecting strong financial performance and strategic growth across various sectors.
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Takaful and Karama beneficiaries receive EGP 1.5bn Ramadan bonus
Takaful and Karama beneficiaries receive an EG 1.5 b Ramadan bonus, supporting 4.7 million families with direct cash assistance during the holy month.
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Will CBE extend InstaPay’s fee waiver as deadline nears?
As the deadline nears, the financial sector watches if the CBE will extend the InstaPay fee waiver, crucial for digital transformation.
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Egypt's EFIC records $34mln consolidated net profit in 2024, announces dividends
Egypt's EFIC reports a $34M consolidated net profit for 2024 and announces dividends, reflecting strong financial performance and shareholder returns.
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FRA reports EGP 299bn in financing by entities under its supervision in Q4 2024
FRA reports EGP 299bn in Q4 2024 financing, highlighting robust capital market activities and non-banking financial services growth.
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10 key facts about Egypt’s $2.5 billion IMF financing package
This financial support comes as the country navigates economic challenges, including regional instability and external financial pressures.
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IMF approves $1.2 billion for Egypt
Cairo has requested financing under the RSF since 2022, with hopes it could unlock up to an additional $1 billion.
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Egypt launches new initiative for expats to invest in 1.5 Million Feddan Project
Egyptians abroad will be able to acquire agricultural lands and engage in various agricultural and developmental activities.