Finance News
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WE, CIB forge strategic partnership to deliver cutting-edge digital financial services
WE and CIB form a strategic partnership to offer innovative digital financial services, enhancing customer experience and financial inclusion.
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External debt fell by $111 million in Q2024 XNUMX
Egypt's external debt decreased by $111 million in Q4 2024, reflecting improved fiscal management and economic stability.
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Planning Minister partakes in WFP roundtable on debt swaps for development
Egypt's Planning Minister participates in a WFP roundtable discussing debt swaps for development, aiming to enhance economic growth and sustainability
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Gold prices in Egypt fall on Thursday
Gold prices in Egypt decline, reflecting market adjustments and economic factors influencing precious metal investments.
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Egypt’s economy expands 4.3% in second quarter
The improved performance reflects the government’s fiscal and monetary adjustments alongside a reduction in public investment.
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Egypt targets 19% increase in revenues in upcoming FY2025/26
Egypt eyes revenues amount to EGP 3.1 trillion, reflecting an annual growth rate of 19 percent, while expenditures are expected to reach EGP 4.6 tril.
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Egypt Approves FY2025/2026 Draft Budget
The proposed budget reflects the government's efforts to strike a balance between expanding social support and maintaining fiscal responsibility.
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InstaPay to apply charges starting 1 April
IPN offers a convenient and efficient alternative to cash payments, providing 24/7 instant transfer services to all bank customers.
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Egypt CBE sells T-bills worth EGP 141.2 bln
The Central Bank of Egypt has announced a significant treasury bills (T-bills) sale, totalling approximately EGP 141.2 billion (almost $3 billion).
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GAFI, Mashreq Bank ink deal to attract foreign, local investments
GAFI and Mashreq Bank ink a deal to boost cooperation, attract foreign and local investments, and enhance Egypt's business climate.
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Gold prices surge 5.9% since early March amid market uncertainty
Gold prices surged 5.9% since early March, reaching record highs amid market uncertainty and geopolitical tensions.
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MNT-Halan Receives FRA Approval to Implement E-KYC and Digital Contracts in Egypt
MNT-Halan receives FRA approval to implement e-KYC and digital contracts in Egypt, enhancing fintech services and regulatory compliance.
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Tax filing deadline extended to first working day after Eid al-Fitr
Abdel Aal urged all taxpayers and registrants to submit their tax returns electronically via the designated platform.
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Soaring prices push Egyptians to gift everyday goods this Ramadan
As Ramadan, Eid Al-Fitr, and Mother’s Day converge, Egyptian families prioritize home appliances and ready-made clothing over traditional gold gifs.
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FRA Approves Fintech Integration for Three Brokerage Firms
This decision marks a significant milestone in modernizing Egypt’s capital market by enabling these companies to leverage fintech solutions.
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Egypt investments put at $33.2bln in 2023-2024
Al-Mashat said several sectors recorded positive growth in the first quarter of the current fiscal year, which ends on 30 June.
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NBE, Banque Misr cut interest rate on US dollar CDs
The NBE reduced the interest rate on the three-year “Al Ahly Fawran” and “Al Ahly Plus” dollar-denominated savings certificates by 0.5 percent.
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All you need to know about Egypt's Integrated National Financing Strategy
Egypt launched its first Integrated National Financing Strategy (E-INFS) on Tuesday, representing a significant step forward.
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Egypt primary surplus hits all-time high of EGP 330 bln in FY24/25
Egypt attained an all-time high of EGP 330 billion in primary surplus during the first eight months of the current FY2024/2024.
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Egypt unveils national financing strategy to meet SDGs
“Collaborative efforts are crucial to create economic opportunities that enhance the well-being of peoples,” Madbouly stated.