Finance News
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Egypt yet to set details of Asian market bond issue
The value of the Asian market issue would be limited because its aim is to build a yield curve, the finance ministry said.
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Egypt to be 7th biggest economy by 2030
Standard Chartered's forecast sees Egypt overtaking Russia, Germany and Japan to be the 7th biggest economy globally.
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Egypt’s inflation to hit 10.7% in FY19/20
Pharos projected the North African country’s economy to grow over the coming five years in line with the improvement of remittances.
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World Bank appoints new regional director for Egypt, Yemen, Djibouti
Before joining the World Bank, Wes worked as a principal economist at the European Bank for Reconstruction and Development.
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Egypt to auction $750mn in one-year dollar T-bills
Egypt will auction $750 million worth of one-year dollar-denominated treasury bills on Sunday, the central bank said.
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Egyptian expatriates’ remittances increase by 8% in 10 months
The CBE said that the total value of remittances of Egyptians expatriates during October 2018 recorded a rise of $298.9m.
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Egypt's annual urban consumer price inflation falls to 15.7%
Inflation had spiked in October due to supply problems in the domestic fruit and vegetable market.
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Egypt's Finance Ministry auctions T-bills worth EGP 18.2bn
The Ministry of Finance auctioned treasury bills at a total value of EGP 18.250 billion.
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Investments authority offers opportunities for SMEs
These opportunities are especially in ten sectors from food processing to building materials, to automotive.
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Egypt sells $1.7 billion worth of dollar T-bills
One-year dollar-denominated treasury bills worth $1.73 billion issued a year ago are due to mature on Tuesday.
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Banks continue to shine with strong business results in 9M18
The bank's management attributed these strong results to the bank's resilience, at a time of macroeconomic uncertainty.
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France Cards And Payments Market Insights and Forecast to 2023-Market Data Forecast
France Cards And Payments Market - By Cards (Debit Cards, Credit Cards, Prepaid Cards), By Payment Terminals (POS And ATM's)
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IMF expects surge in private investment in Egypt
The report tackles the Middle East and Central Asia region, said that the region's annual export growth in 2018 is projected to more than double.
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Egypt's Sarwa Capital exposed to IPO "irregularities"
Beltone managed the IPO of Sarwa Capital, which began trading on the Egyptian stock exchange last month.
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Businesses feel confident about success as Egypt's market dynamics improve
Egyptian businesses have been the prime beneficiaries of a number of government-driven intiatives.
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Egypt top improving country in Doing Business
Egypt ranked 120 out of 190 countries in the World Bank's "Ease of Doing Business" Report which put it among the most improving economies in 2017/2018
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Egypt budget deficit drops in first two months of 2018/19
Taxes from salaries increased by 32.5 percent, reaching EGP 7.1 billion, while Suez Canal revenues tripled to EGP 6.7 billion.
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Egypt’s stock exchange increases by LE4.5 billion
Egypt’s benchmark index (EGX 30) increased by 0.61 percent, standing at 13.145 points.
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Egyptian economy performs well, IMF mission
An IMF team led by Mr. Subir Lall visited Egypt on October 18-31, 2018 to conduct the fourth review of Egypt’s economic reform program.
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Egypt keeps customs exchange rate at EGP 16 per $1 in November
The country has kept its customs exchange rate at EGP 16 since October 2017.