Finance News
-
Mashreq Bank signs partnership with Visa
Latest partnership aligned with Egypt’s ambitious strategy to encourage electronic payments ecosystem in country.
-
Int'l financial institutions should assume bigger role
They need to provide more funding for mega infrastructure projects through soft loans and blended and innovative financing.
-
Credit Agricole Egypt allocates EGP 200m to finance medical sector
In an official ceremony, UltraTeb was launched as the first electronic platform for providing medical supplies, with innovative bank financing.
-
World Bank working on various programs in Egypt
The World Bank do vaccination programs in many of the countries, and we've worked with and encouraged Egypt in contracting, said the WBG’s President.
-
Egypt, IFC sign agreement to facilitate women access to financing
International Finance Corporation and the National Council for Women signed at the Ministry of International Cooperation, to support women empowerment
-
Egypt's government gross debt to hit 91.4% of GDP in 2021
The International Monetary Fund (IMF) projected Egypt’s government gross debt to hit 91.4 percent of its GDP in 2021, up from the 89.8% in 2020.
-
Egypt to join JP Morgan bond index for emerging markets
Egypt is set to join JP Morgan’s GBI index for emerging markets as of the end of January 2022, JP Morgan announced.
-
Egypt’s annual inflation highest since December 2020
Egypt’s headline annual inflation rose to eight percent in September, up from 3.3 percent in the same month of 2020 and 6.4 percent in August 2021.
-
Egypt begins IPO of state payments firm e-finance
E-finance, founded in 2005, is the sole entity authorized to operate the government's financial network, including processing and settling payment.
-
Egyptian consumer price inflation rises to 6.6% in September
The rate remains well within the target range of between 5% and 9% set by the central bank.
-
Egypt’s microfinance market amounts to EGP 22.53bn
Tasaheel Co. accounts for 21.82% market share, with total financing of EGP 4.578bn.
-
World Bank raises Egypt’s GDP growth forecast to 5.5 percent in 2021
The World Bank (WB) has raised its forecasts for Egypt’s real GDP growth for 2021 to 5.5 percent, up from 4.5 percent predicted in June.
-
Egyptian Tax Authority meets stakeholders
Abdul Qader said, in a statement on Wednesday, that the Large Taxpayer Center is holding meetings with senior accounting and auditing offices.
-
Egypt signs facilities worth $2 bln to finance green projects
The financing facilities were signed on for a term that complies with the principles of environmental, social and corporate governance (ESG).
-
Egypt seeking $2 billion in syndicated loan
The Egyptian government has launched a 3-year syndicated loan with green and Islamic finance components with the aim to raise $2 billion.
-
Egypt is EU’s biggest investment market in Africa
Christian Berger, the EU Delegation’s Ambassador to Egypt said there is a very strong and growing interest from European companies to invest in Egypt.
-
US support for Egypt’s private sector
Chair of the Egyptian-American Enterprise Fund James Harmon explains its plans to help grow Egypt’s private sector to Doaa A. Moneim.
-
Egypt to borrow EGP 633.25bn from local market
It comes as part of the government’s plan to borrow EGP 633.25bn from the local market during the second quarter (Q2) of fiscal year (FY) 2021/22.
-
Egypt to get French funding for pioneer wholesale market
The wholesale market in Borg El Arab near Alexandria would be followed by the development of 14 similar markets in Egypt to improve food security.
-
3 Egyptian banks to launch investment trust for fintech start-ups
The National Bank of Egypt, Banque Misr and Banque du Caire aim to launch a trust to support fintech start-ups with an overall EGP100bln capital.