Finance News
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Egypt’s annual headline inflation hits 10.3% in September
Egypt's annual inflation drops to 10.3% in September from 11.2% in August, showing continued moderation in price pressures per CAPMAS data.
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Why Egypt’s $30B Remittance Fintech Market is Ripe for Disruption
Egypt's $30B remittance market faces fintech disruption as startups like Munify, Telda, and Paynas rebuild corridors and reshape financial access.
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Standard & Poor’s raises Egypt’s rating to ‘B’ with stable outlook
Standard & Poor's upgrades Egypt's sovereign credit rating to "B" with a stable outlook, signaling improved creditworthiness and confidence.
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Egypt is working to achieve sustainable downward trend in external debt
The Prime Minister noted that the state has made efforts to establish the determinants of external debt governance and borrowing.
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IFC targets SME-led job creation and capital market growth in Egypt
Kont said the IFC’s role is not to compete with banks or the private sector, but to act as a catalyst.
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Faisal Islamic Bank, Remco unveil $19.2mln land sale in Nasr City
The transaction will be reviewed during the next board meeting, scheduled for October 16th, 2025.
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Egypt’s annual inflation falls to 10.3% in September
CAPMAS attributed the monthly uptick mainly to higher prices of vegetables, which increased by 12.2 percent, along with a 3.5 percent rise in meat.
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International investors are increasingly eyeing Egypt’s property sector
Residential real estate affordability was the main pull for investors, ranked first by 24.2% of respondents.
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Visa launches stablecoin prefunding pilot to accelerate cross-border payments
Digital payments leader Visa has launched a new pilot programme through its Visa Direct platform, aimed at streamlining cross-border transactions.
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CIB, CI Capital complete EGP 3.4bn securitisation bond issuance for Halan
This issuance falls under a three-year bond programme totaling EGP 8bn, approved by the Financial Regulatory Authority
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IMF sees signs of stabilization in Egypt’s economy, urges push for further structural reforms
Kozack highlighted a significant decline in annual inflation to 12% in August, improved investor sentiment, and stronger-than-expected performance.
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Egypt to launch 2nd tax incentives package by end October
Minister of Finance Ahmed Kouchouk announced that the government will introduce a second package of tax incentives by the end of October.
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Planning minister stresses depth of ties between Egypt, WB Group, its institutions
Planning Minister Rania el Mashat emphasizes depth of Egypt-World Bank Group relationship and cooperation with its institutions.
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US dollar price in Egypt now returns to its true value
US dollar returns to "true value" of LE47 from unjustified LE52 peak. Economist predicts stability through year-end amid improved indicators.
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Competitive Neutrality Law boosts tax revenues, private sector trust
Finance Minister says Competitive Neutrality Law implementation strengthens fair competition and government's private sector-driven economy pledge.
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CBE cuts key interest rates by 100 bps
Central Bank of Egypt slashes key interest rates by 100 basis points, with overnight deposit rate dropping to 21% and lending rate to 22%.
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Egypt’s economy exceeds growth target with 5% expansion in 2024/2025
Egypt's economy surpasses growth target with 5% expansion in 2024/2025, fastest pace in two years driven by manufacturing and tourism.
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Egypt's net foreign assets reach $18.2bln end-August
Egypt's banking sector net foreign assets leap to EGP 870B in August 2025, nearly doubling from EGP 473B year-over-year, per CBE data.
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Private Investment in Egypt Hits Five-Year High at 47.5%
Private investment surges to 47.5% of total investment, hitting a five-year high as Egypt shifts toward private-led economic growth model.
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Egypt and Qatar near $4 billion Red Sea investment deal
Egypt’s potential $4 billion deal with Qatar isn’t just about real estate, it’s about trust, transformation, and a renewed wave of Gulf capital.