Finance News
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Cards and Payments Industry in Latvia Market Analysis and Forecast 2016
The Cards and Payments Industry in Latvia: Emerging Trends and Opportunities to 2020
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Fitch affirms Egypt rating at 'B' with stable outlook
Fitch expects general government debt to grow to 90.5 percent of GDP in FY17, on the assumption that the pound will continue to weaken.
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Egypt's Stock Exchange to cut trading hours during Ramadan
The main market's trading will be preceded by a discovery session starting 9:30am.
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Egypt targets $60 bln in investment in FY 2016/17
Egypt saw investment worth EGP172 billion ($19.36 billion) in the first half of the current fiscal year, representing 12.9 percent of GDP.
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Egypt eyes 5.2 pct growth in FY16/17
Tourism receipts, a major source of foreign currency income, were down 66 percent in the first quarter of 2016.
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NBE studying expansion into Saudi market
Bank collected $500m from foreign currency saving schemes.
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February banking deposits up by EGP11billion
The private sector accounted for 59.3 percent of the total credit facilities granted by banks to their clients in the period between July and February
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Egypt's Beltone board agrees to 1 bln pound capital increase
The offering would be made at the nominal value of two pounds per share for the existing shareholders.
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More support to Egypt's Startups
Injaz, the annual Start Up competition aims to encourage young entrepreneurs between the ages of 21-27 years to start their own small businesses.
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Why is Egypt the 2nd largest economy in Africa?
Economists argue it's because the South African economy is not doing so well.
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AfDB current portfolio with Egypt’s SFD hits $225 million
Soliman:we are negotiating the bank over another loan worth $200 million to finance Egyptian infrastructure projects
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Egypt's urban consumer inflation hits 10.3 pct in April
Inflationary pressure resurged when the central bank devalued the pound in March by about 13 percent.
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Egypt’s Foreign Exchange Reserves Increased By $450m In April
This increase came as a result of the increase in foreign currencies balances by $406m, recording $13.237bn compared to $12.829bn in March.
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Egypt’s foreign exchange reserves gain $450m in April
It explained in a statement on its website that the reserves increased to $17.011bn in April, compared to approximately $16.561bn in March.
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Egypt gets €300m EBRD funding to support SMEs
The European bank official made these remarks during a symposium organised in Fayoum, southwest of Cairo.
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Egypt's Central Bank keeps key interest rates unchanged
Annual urban consumer inflation eased for the third consecutive month in March to 9 percent from 9.1 percent in February.
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Egypt's central bank sells $118.7 million at Tuesday auction
Egypt's public prosecutor is investigating several bureaus accused by the central bank of hoarding dollars.
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UAE to support Egypt’s foreign exchange reserves with $2bn funding
The CBE announced that the balance of the foreign exchange reserves increased to $16.561bn in March, and is expected to increase to about $18.5bn.
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Egypt Chamber of Commerce delegation starts annual 'Door Knock' in Washington
The delegation aims to meet officials and policy makers from the International Monetary Fund, the World Bank, and the US State Department among others
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Egypt’s economy to grow just 3.5 per cent in 2016/17
analysts predicted that Egyptian pound would weaken in the coming financial year, reaching 9 pounds to the dollar in 2016/17 and 9.5 the year after.