Finance News
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Egypt's lucrative carry trade in the balance after recent dips
Egypt's carry trade faces uncertainty after recent dips in currency, potentially altering the country's lucrative financial strategy.
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Egyptian Economy Shows Positive Indicators at present
The Egyptian PM highlights the nation's economy, showcasing positive indicators and progress, signaling resilience amid global financial challenges.
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7 ways you can benefit from Egypt’s 1st comprehensive tax services guide
As Egypt continues its digital transformation, this guide is just one step toward a more streamlined, user-friendly tax system.
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Egypt’s FRA increases micro-enterprise loan limit
The decisions aim to address economic changes and implement the Unified Insurance Law.
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How Licensing Fueled A $30 Million Manufacturing Business In Egypt
Licensing allows startups to generate capital, leverage industry expertise, and gain market intelligence.
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98% of women entrepreneurs in Egypt optimistic about revenue growth
Mastercard released Wednesday a new report on Egypt's women's entrepreneurship landscape ahead of International Women’s Day 2025.
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Egypt’s amb. in Riyadh asserts Cairo’s interest in attracting more Saudi investments
The Egyptian ambassador underlined keenness of Egyptian government on removing obstacles facing Saudi investors in Egypt.
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Egypt non-oil businesses PMI continues positive streak in February
New orders continued to rise, driven by improving market conditions and stronger client demand.
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FRA increases financing caps for microfinance and micro-insurance
The changes are part of the FRA’s ongoing efforts to support financial sustainability and enhance access to funding.
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Federation of Egyptian Banks denies links to GRA platform
The Federation of Egyptian Banks (FDE) denied Thursday any connections or accounts between banks operating in Egypt and the GRA platform.
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Egypt Eyes New Tax on Local Firms Profiting Abroad
PwC’s Sherif Shawky announces Egypt is considering taxing local firms that generate revenues from abroad.
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Egypt’s net foreign assets jump in January
Egypt completed the sale of $2 billion in international bonds on January 29 in its first dollar-denominated international bond issuance in four years.
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Egypt charts course for business growth with raft of tax initiatives
Taxpayers can submit overdue tax returns for previous periods since 2020 without incurring penalties.
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Saudi bourse extends losses on lacklustre earnings; Egypt gains
Egypt's blue-chip index (.EGX30), opens new tab gained 0.8%, snapping a four-day losing streak.
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Egypt expects $1.2 billion IMF loan payment next week
Egypt is expected to receive a $1.2 billion loan from the IMF next week, boosting fiscal stability and supporting long-term growth.
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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.