Finance News
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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.
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St. Kitts and Nevis Investment Gateway Summit 2025: A call to Egyptian investors
After the remarkable success of its 2024 edition, the St. Kitts and Nevis Investment Gateway Summit returns with even greater ambition.
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Illusion of easy money: Unmasking digital scams in Egypt
With the expansion of digital financial services and electronic wallets, digital fraud has become a concerning phenomenon in Egypt.
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Careem Pay Expands to Egypt
Careem Pay launches UAE-to-Egypt remittances, offering instant, low-cost transfers—50% cheaper than banks.
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Egypt's headline inflation rate almost halves in February
The drop was amplified by a statistical base effect, as exceptionally fast price increases of the past two years were no longer reflected in the stats
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Egypt FX inflows match expenditures for 1st time in years
For the first time in years, foreign currency inflows into Egypt have matched expenditures, signalling economic stability.
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Egypt’s tax revenues surge by 39% in H1 of FY2024/2025
Kouchouk revealed that Egypt plans to triple allocations for economic stimulus programs and initiatives compared to the current year.
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Visa launches "Tap-to-Add Card" in Egypt
Visa introduces the Tap to Add Card feature in Egypt, simplifying digital payments and enhancing user convenience.
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Fawry and Ottu sign strategic collaboration agreement to drive unprecedented business growth in Egypt
Fawry and Ottu's strategic collaboration aims to drive unprecedented business growth in Egypt's financial sector.
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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.