Finance News
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EFG-Hermes donates EGP 50m for poor villages
EFG-Hermes Chairperson Mona Zulfikar said her company seeks, through scientific and field studies, to develop the neediest areas in Egypt.
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Egypt investment prospects valued at $173 billion in 2015
MEED’s ‘Invest in Egypt’ is a platform to learn about investment possibilities in the country.
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Major payment issues hinder real estate taxation: Finance minister
World Bank grants $200m to develop health issues, while energy efficiency increases through investments.
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Egypt schedules major economic summit in March
Egypt’s Economic Development Conference has been scheduled to ensure high attendance from partners around the world.
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Egypt to issue $1.75 billion in 1-year treasury bills
The issuance would be a rollover of an existing issue, two traders at Egyptian banks are quoted saying.
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Abu Dhabi to host 'Invest in Egypt' conference next week
Two-day conference starting 26 November will profile investment opportunities in various sectors in Egypt.
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Egypt's c. bank to take "technical measures" to control currency black market
"We will take technical measures in the coming period to control the currency black market and set the (currency) exchange market," Hisham Ramez said.
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Egypt economy grows 1.1% in Q1 as power shortage takes toll
Economists divided on whether Egypt will achieve the government's growth forecast.
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Citibank's response on stories claiming the closing of the institution's branches in Egypt
CEO of Citi Egypt Nadir Shaikh has sent the following statement in response to stories on the status of Citibank in Egypt.
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NBE to fully automate risks management: Information Security director
Egyptian customers’ trust in banking technology will increase when the banks offer services with high security standards, Abeer Khedr says.
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Citigroup says Persian Gulf aid for Egypt may wane on Oil
This could complicate plans by the government to issue as much as $1.5 billion of bonds next year.
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Egypt to repay debts to foreign oil firms within six months
Egypt has delayed payments to oil and gas firms as its economy has been hammered by almost three years of instability.
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Let’s talk Microfinance in Egypt
With the new microfinance law issued this week, Egypt Business Directory looks at the microfinance landscape in Egypt.
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IMF mission to visit Egypt on Wednesday
Finance Minister Hani Qadry Demian is working on improving connections between Egypt and the controversial lending institution.
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Egypt’s Currency Black Market to be gone in a year: Ramez
“Big volatility is not in our cards for a good time,” Central Bank Governor Hisham Ramez told a visiting U.S. trade delegation.
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Biggest U.S. Trade Mission shows Egypt back in favor after rift
Executives from about 70 companies, including Apache Corp. and Coca-Cola Co., held talks with officials in Cairo.
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Egypt's budget deficit hit 12.8% in FY2013/14: Finance ministry
Plans for fiscal consolidation didn't materialise in last fiscal year, mostly due to overestimates of subsidy cuts.
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US to send "largest" business delegation to Egypt next week
More than 150 US executives representing over 60 companies are considered "US Chamber's largest international trade delegation ever."
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Foreign reserves register $1.7bn year-on-year decrease in October
October’s figure marks the fourth consecutive increase in foreign currency since a decrease of around $60m from May’s figure to June.
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Egypt to repay $2.5B Qatari deposit by end of November
The Gulf state provided Morsi’s government with billions of dollars in deposits, grants and energy supplies during his year in power.