Finance News
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Japanese investments in Egypt surge 140% to $60mln in 2024
Japanese investments in Egypt surged by 140%, reaching $60 million in 2024, demonstrating increased confidence in Egypt's economy.
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Finance Ministry to issue EGP 730bn in T-bills, bonds in March
The Egyptian Finance Ministry plans to issue EGP 730 billion in Treasury bills and bonds in March, aiming to raise capital for fiscal projects.
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Net foreign assets in Egypt’s banking sector surge to $8.7bn in January 2025
The Central Bank of Egypt has reported a significant rise in net foreign assets within the banking sector, reaching approximately $8.7bn in Jan 2025.
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Egypt's Ezdehar private equity to deploy up to $100mln in 2025
EZDEHAR Private Equity plans to inject up to $100 million in Egypt's dynamic investment landscape for 2025.
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Private banks in Egypt achieve record profits in 2024
Egypt's private banks celebrate a landmark year, reaching record profits in 2024, signaling strong growth in the nation’s banking sector.
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Federation of Egyptian Banks denies any link to ‘GRA’ platform
Egypt's Federation of Banks clarifies its stance, denying any connections to the controversial GRA platform, reassuring investors and customers alike.
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Egypt targets 20% industry contribution to economy by 2030
The National Industrial Strategy targets increasing the industrial sector's contribution to the GDP from 14 percent to 20 percent by 2030.
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Why is Egypt's fintech sector growing so fast?
Egypt’s fintech sector has come a long way in just five years, evolving into a fast-growing, investor-friendly, and youth-driven industry.
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Egypt was the Arab world’s top investment destination in 2024
With an investment of almost USD 12 billion, the UAE was Egypt’s largest backer, trailed by the US at USD 10.3 billion.
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Egypt fintech sector expands fivefold in 5 years
Egypt’s fintech sector has skyrocketed by a staggering 5.5-fold increase over the past five years, now boasting an impressive 177 startups.
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Egypt wants to move state-owned enterprises to its sovereign wealth fund
The government has been trying expedite the programme, seeking to sell stakes in at least 10 companies in 2025.
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Egypt to raise monthly minimum wages for public sector workers
In February 2024, the monthly minimum wage was raised by 50% to 6,000 pounds. At that time, the equivalent value was $19.
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Egypt central bank, Tanzania partner to strengthen African ties
This meeting underscores the strong historical ties between the CBE and other African central banks, particularly with the BOT.
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Chinese investment drives Egypt's economic growth
These deals not only signal a rise in Chinese investment, but also mark China's approval to share advanced technologies with Egypt.
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Egypt achieves 74.8% financial inclusion through strategic central bank policies
By the end of 2024, this equated to approximately 52 million Egyptians managing their finances through banks, Egypt Post, wallet or prepaid cards.
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HDB doubles net profits to $217mln in 2024, marking 83.1% surge
The Housing and Development Bank of Egypt sees a remarkable 83.1% profit increase, hitting $217 mil in 2024. A strong indicator of financial growth.
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Naguib Sawiris discusses politics, investments and his meeting with North Korea’s leader
Naguib Sawiris offers insights into his political and investment strategies, including a high-profile meeting with North Korea’s leader.
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EGP 911.5bn in total financing provided by FRA-regulated entities in 2024: Chairperson
FRA-regulated entities in Egypt provided a total of EGP 911.5 billion in financing in 2024, fueling economic growth and investment.
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French bank BNP Paribas predicts Egypt’s economic growth to reach 4% in FY2025
BNP Paribas forecasts robust economic growth in Egypt, reflecting confidence in the country’s financial and business prospects.
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HDB doubles net profits to EGP 11bn in 2024, marking 83.1% surge
Housing and Development Bank (HDB) reports an 83.1% surge in net profits, reaching EGP 11 billion in 2024—a strong indicator of financial stability.