Finance News
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Egypt to integrate AI technologies into tax system
Egyptian Tax Authority (ETA) is preparing to integrate artificial intelligence (AI) technologies into its operations.
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Improved Economic Indicators Raise Expectations of Interest Rate Cuts
Most analysts agree that a cut is on the horizon, though opinions vary over its size. Forecasts range from a reduction of 1 to 3 percentage points.
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Naguib Sawiris Proposes Land Sales to Address Egypt’s Debt
Naguib Sawiris suggests selling North Coast and Red Sea land in dollars to ease Egypt’s foreign debt burden.
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Egypt central bank set to cut rates by 100 basis points
The bank kept key interest rates unchanged in its latest MPC meeting on July 10, pausing a trend of rate reductions, following an uptick in inflation.
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USD still below EGP 48 mark at Egyptian banks on Thursday
USD holds steady below the EGP 48 mark across major Egyptian banks, trading in the 48.45-48.55 range on Thursday.
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Egypt has secured $27.5 bln in World Bank financing since 1959
Egypt has secured $27.5B in World Bank financing across 201 projects since 1959, with 13 active projects worth $6.5B currently underway.
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Fitch Solutions projects Egypt’s GDP to reach $829.2B by 2034
Fitch forecasts Egypt's GDP to surge from $395.5B in 2026 to $829.2B by 2034, rebounding to $324.5B by end-2025 after a recent decline.
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Egypt, JBIC explore deeper cooperation through samurai bonds and industrial investments
Egypt's PM and JBIC Governor discuss issuing samurai bonds and a Japanese industrial zone in the Suez Canal Economic Zone to boost exports.
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Here's why the Egyptian pound is recovering
After touching a peak of EGP 51.7 per dollar in April 2024, the pound now trades near 48.4, improving about 6 percent. But, how did this happen?
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HSBC Egypt launches real-time Treasury API for businesses
HSBC Egypt launches a real-time Treasury API, enabling businesses to automate cash management, payments, reconciliation via ERP systems
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Egypt records highest-ever primary surplus in FY24/25 at 3.6%
Egypt achieves a record 3.6% primary budget surplus in FY24/25, driven by 4.7% GDP growth, private investment, and tax revenue surges.
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Egypt Registers Record Primary Surplus of 629 billion pounds
This is equal to 3.6% of the country's gross domestic product.
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Why is the Egyptian pound gaining ground? Experts weigh in
Strong inflows from tourism and remittances, and renewed optimism ahead of key International Monetary Fund (IMF) reviews in September.
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Egypt targets top-50 spot in WB's 2026 Business Ready report
Egypt is working to position itself among the world’s top 50 economies in the World Bank’s upcoming Business Ready (B-READY) report for 2026.
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Egyptian Exchange launches its 1st mobile app with real-time market updates
The new app provides users with real-time market updates, information on listed securities, index movements, and the latest market news.
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Egypt records highest-ever primary surplus in FY24/25
Egypt recorded its highest-ever primary budget surplus in the 2024/25 fiscal year, equivalent to 3.6 percent of GDP.
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FinMin announces domestic sukuk launch in FY2025/2026
The announcement was made during a panel discussion hosted by Al Ahly Pharos Securities Brokerage.
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Hassan Abdalla named CBE governor for third term
President Abdel-Fattah El-Sisi has renewed Hassan Abdalla’s mandate as acting governor of the Central Bank of Egypt (CBE) for a third consecutive term
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El-Sisi directs efforts to increase dollar inflows, support economic growth
A steady flow of foreign currency is crucial for securing a reliable supply of essential goods, petroleum products, and manufacturing inputs.
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Egyptian Exchange Releases Its First Mobile App
The Egyptian Exchange launches its first mobile app, offering real-time market data, news, and community forums. Currently in beta on Android.