Finance News
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Regulated companies, institutions inject EGP 75.436bn into 3.726 million MSMEs by end of November 2024
Regulated entities have invested EGP 75.4bn in 3.7 million MSMEs, driving economic growth and supporting small businesses across Egypt.
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Ministry of Finance Introduces New Plan to Settle LE 60 Billion in Exporter Dues
Egypt's Ministry of Finance unveils a new strategy to settle LE 60 billion in debt, aiming for fiscal stability and economic reform.
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Qatari Finance Minister highlights Egypt as prime candidate for investments among emerging economies
Qatar’s Finance Minister emphasizes Egypt as a prime destination for investment, highlighting the country's growing economic potential.
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Suez Canal Bank aims to become key player in Egypt’s financial, banking sector: CEO & managing director
Suez Canal Bank sets ambitious goals to strengthen its position in Egypt’s financial sector, focusing on innovation and market leadership.
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IMF to provide Egypt with US$1.3 billion in new funds
Egypt secures $1.3 billion from the IMF, paving the way for economic stability and future growth opportunities in finance and investment.
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Said Zater’s Vision Reshapes Egypt’s Consumer Finance Landscape
Said Zater is transforming Egypt's consumer finance market with innovative strategies, reshaping opportunities for growth in the financial sector.
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Could businesses apply the new increase in private sector minimum wage?
Experts debate if businesses can implement Egypt’s new EGP 7,000 minimum wage in the private sector without raising prices amid economic reforms.
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Egypt to increase salaries and pensions on 1 July: PM Madbouly
Egypt’s PM announces salary and pension increases starting 1 July as part of a new social protection initiative aimed at boosting the economy.
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Egypt’s salary increase is a challenge for businesses and workers
Will this wage hike improve livelihoods, or will it strain businesses, drive inflation, and deepen non-compliance?
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Egypt launches debt-for-investment initiative
Egypt is committed to working with international partners to develop a more comprehensive and flexible global framework.
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Egypt projects 4% growth in 2025 amid strong economic reforms
Panelists during the session addressed disruptions Egypt has faced, notably the 70 percent decline in Suez Canal revenues.
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Fawry launches ‘Fawry Business’
"Fawry Business," is a platform designed to support the digital transformation of businesses across Egypt.
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Egypt’s external debt sees new rise despite Ras al-Hekma deal funds
The country’s external debt rose on a seasonal basis by 1.5 percent during the first quarter of the current fiscal year.
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Egypt annual inflation rate inches down to 24% in January
That is one percentage point higher than the median of 23% forecast of 17 analysts polled by Reuters last week.
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Egypt awaits final approval on fourth tranche of IMF loan
Egypt is awaiting final approval on a $1.2 bil loan tranche from the IMF as part of its fourth program review, following delays in the disbursement.
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Egypt signs $1.6 bln deal with ITFC to finance work programs for 2025
Egypt and the International Islamic Trade Finance Corporation (ITFC) signed a $1.6 billion deal on Monday to finance the annual work program.
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FABMISR’s net profit soars 153% to EGP 26.3bn in 2024
Loans surged 64% and deposits grew 29%, underscoring strong financial growth.
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Banque du Caire leads $75m consortium to finance Cheiron Egypt Delta’s gas field development
A $75 million loan led by Banque du Caire will help fund 45.5% of Cheiron Egypt Delta's $165 million gas field project.
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Egypt prioritizes macroeconomic stability, private sector growth: Al-Mashat
Egypt is focused on boosting macroeconomic stability and private sector growth.
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EGX back in the green amid regional buying to add LE 14.9B to market cap.
Pushed by regional investor purchasing, the Egyptian Exchange (EGX) was able to rally and close on a positive note this Thursday.