Finance News
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Reform program improves Egypt's economy, IMF expects higher growth
The IMF report said that Egypt's expected higher growth rates are "aided by an increase in gas production."
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Lockton officially begins operations in Egyptian market
The US-based Lockton Companies Inc, an insurance brokerage firm, announced it has officially began its operations in the Egyptian market.
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Decline in inflation over past 4 months reflects improved economy
The government aims to reduce budget deficit to 8.4 percent of GDP in the new fiscal year.
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Travel Insurance Market Analysis by Size, Share, Growth Opportunities and Trends 2017 – 2022
Global Travel Insurance Market is segmented on the basis of insurance cover, distribution channel, users, type, application and geography.
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Travel Insurance Market Analysis by Size, Share, Growth Opportunities and Trends 2017 – 2022
Global Travel Insurance Market is segmented on the basis of insurance cover, distribution channel, users, type, application and geography.
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Egypt eyes shift to longer-term borrowing
Treasury securities have been a key part of the government’s efforts to help bridge a fiscal deficit that is said will fall to 8.4% of GDP by 2019.
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WB president lauds success achieved in Egyptian economy
The bank is working on investing in education, health and social protection to increase growth, Kim said.
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Egypt ranks 167 in paying taxes
Egypt ranks among the slowest 11 countries in Africa in the time required for a company to meet its tax obligations.
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Egypt's investment map has promising opportunities
Nasr met with several major US companies desiring to invest in Egypt at the United States Chamber of Commerce (USCC).
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International organisations forecast positive expectations for Egypt’s economy
IMF increases growth in Egypt to projected 5.2% this year.
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Egyptian economy to experience near-term growth: UN official
The implementation of the recent economic reforms in Egypt will subsequently promote development, reduce poverty and unemployment rates.
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Egypt to meet investors this week ahead of euro-denominated bond
Egypt has already raised $4 billion through a triple-tranche bond in February.
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Egypt's net foreign reserves rise to $42.611 bln
In February, Egypt raised $4 billion in a dollar-denominated Eurobond sale to help plug its financing deficit and boost dollar holdings.
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UNB-E eyes 5% market share in Egypt within 8 years
Al Nahyan explained that the bank aims to expand its branch network to 48 branches, along with increasing ATMs to 125 machines by the end of 2018.
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Market Capitalization gains LE 149.3B during Q1 of 2018c
In March, market capitalization gained LE 81.89 billion, ending the month at LE 974.18 billion.
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EGX’s chairman calls firms to diversify finance
Farid explained that the stock market is a strategic financing platform for direct investment companies in a sustainable manner.
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Egypt’s central bank expected to cut rates for second time
Nine out of 11 economists polled by Reuters said the bank on Thursday will cut the deposit and lending rates.
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Egypt to issue next Eurobonds on Luxembourg stock exchange in April
This came as a response to the requests of the investment banks during the latest Eurobond issuance.
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Business Incubators... Tasks to do, targets to achieve
A business incubator is a facility which provides new and startup projects and companies with affordable space, training and financing.
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Egypt economy stablises under Sisi but prices remain to be tamed
Sisi inherited an economy in tatters when he took over the presidency in 2014, requiring aggressive reforms that have largely stopped the rot.