Finance News
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Three real estate platforms seek FRA licensing for investment funds
FRA greenlights Nawy, SAFE & Saqr to form real estate investment funds, digitizing assets & protecting investors.
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USD/EGP exchange rates edge down on Wednesday
USD/EGP fell to EGP 49.59/49.69 today, maintaining stability just under the EGP 50 mark, a confidence signal for investors.
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Finance Minister Ahmed Kouchouk recognized as Africa’s Finance Minister of the Year by African Leadership Magazine
Egypt’s Finance Minister, Ahmed Kouchouk, was named Africa’s Finance Minister of the Year for bold fiscal reforms.
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Silver bullion booms in Egypt amid global hype
Egyptians turn to silver bullion as investment, with prices up ~50% since January 2024—seen as hedge and wealth-building asset.
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Gold prices in Egypt drop on Wednesday
Egypt’s gold prices fell across karats: 24K at EGP 5,337.25, 22K at EGP 4,892.50, etc., reflecting local softness.
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Egyptian Remittances Reach $26.4 B, 82.7 Percent Surge in FY2024/2025
Egypt sees a historic 82.7% surge in remittances, reaching $26.4B — a critical boost for the economy and a sign of growing expat financial influence.
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MENA startup funding grows in May as Egypt rebounds
MENA startups raise $289M in May across 44 deals, with equity dominating; Egypt’s tech scene shows strong rebound and growing investor confidence.
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Egypt’s headline inflation rate accelerate in May
Egypt’s inflation rises to 16.5% in May, up from 13.5% in April, signaling ongoing economic pressure and challenges for consumers and businesses.
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Egypt’s net foreign reserves hit $48.52bln end-May
Egypt’s foreign reserves rise to $48.52B in May, signaling growing economic stability and stronger financial positioning amid global market shifts.
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Egypt’s inflation surges at fastest pace this year in May
Egypt’s urban inflation rate saw its fastest acceleration of the year in May, reaching 16.8 percent year-on-year, up from 13.9 percent in April.
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Remittances from Egyptians abroad register record $26.4 bln
According to the CBE, this represents an unprecedented rise compared to the $14.4 billion recorded during the same period of FY2023/2024.
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Ahmed Kouchouk recognized as Africa’s Finance Minister of the Year
The recognition highlights Kouchouk’s “visionary economic stewardship” and his role in implementing bold fiscal reforms.
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Huawei hosts Cloud Fintech Summit Egypt 2025
Flexus offers affordable deployment, scalable computing, and lightweight databases for SMEs.
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Suez Canal Bank, Mastercard send lucky cardholder to Venice Film Festival
Running from May 9 to June 9, 2025, the campaign was open to Suez Canal Bank Mastercard Platinum credit cardholders.
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Egypt’s private sector edges toward stability
Egypt’s non-oil private sector economy showed signs of stabilization in May, according to S&P Global’s latest Purchasing Managers’ Index (PMI).
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Al-Mashat: EU’s recent MFA plays critical role in driving reforms
Between 2025 and 2027, Egypt and the EU will implement a new cooperation framework as part of their comprehensive strategic partnership.
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CBE announces 5-day bank closure for Eid Al-Adha holiday
Eid Al-Adha, which begins on Friday, 6 June, is one of the two major Islamic holidays and marks the start of the Hajj pilgrimage season.
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Egypt’s economic rebalancing gains pace despite regional headwinds
Egypt’s economic rebalancing is gaining momentum, with signs of stabilizing inflation and falling interest rates.
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Finance min. to announce new export support program next week
Egypt's Finance Minister Ahmed Kouchouk to unveil a new export support program, aiming to boost industry funding and streamline investor processes.
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Jeune Afrique names Egypt in top 3 of best-performing nations in Africa
Egypt ranks second in Jeune Afrique's 2025 African Performance Index, highlighting its governance, innovation, and influence strides.