Finance News
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Banque Misr launches instant money transfer service for Egyptian expats
Banque Misr has launched an instant money transfer service for Egyptian expats, enabling fast, 24/7 transfers to bank accounts, cards, or e-wallets.
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Misr Hotels records 77.6% YoY profit surge in H1 FY2024/25
Misr Hotels reported a 776% year-on-year profit surge for H1 FY2024/2025, showing strong performance despite the economic challenges.
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PM Madbouly shared Egypt's growth targets, here are the top 7
Speaking to advisory committees, Madbouly detailed key goals in economic expansion, trade, and financial stability. Here are the major 7.
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Egypt eyes 5.5% growth in next three years
He made these remarks during a recent meeting with specialised advisory committees, as per a Cabinet statement on Tuesday.
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Egyptian expats remittance inflows grew by 65.4% in November 2024
The remittances of Egyptians working abroad increased again in November 2024 by 65.4 percent to reach approximately $2.6 billion.
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Egypt issues $2 bln in int’l bonds market, 1st time since 2021
Egypt has issued $2 billion in the international bonds market for the first time since 2021, marking a significant step in addressing its gap.
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Turkish companies eye $300mln investments in Egypt during 2025
The bilateral trade volume between the two countries, excluding liquefied natural gas (LNG), would hit $10 billion by the end of 2025.
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Google Wallet Arrives in Egypt January 2025
The platform’s integration within the Google Pay ecosystem allows it to function as a secondary digital payment tool in Egypt.
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BMI Research lowers Egyptian household spending expectations for 2025
When excluding inflation, nominal household spending is expected to rise by nearly 21.5 percent in 2025, reaching LE 14.7 trillion.
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No penalties for past tax periods for unregistered SMEs if registered soon
To promote compliance with the recent tax incentive and relief laws, he urged businesses that have yet to register in the tax system to do so.
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Egypt to launch 1st phase of customs facilitation measures to boost economic growth
Minister of Finance Ahmed Kouchouk announced Monday that Egypt will launch the first phase of customs facilitation measures to boost economy.
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Madbouly calls on government to facilitate privatization efforts
Last month, Madbouly announced the government's intention to offer stakes in four military-owned companies in 2025.
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Egypt’s Fincart secures pres-Seed round led by Plus VC
Founded in 2023 by Mostafa Elmasry and Nihal Ali, Fincart provides online retailers with access to a marketplace of delivery providers.
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FRA amends non-banking financial institutions’ fiscal year
The new regulations are within the FRA's efforts to implement guidelines outlined in the Unified Insurance Law.
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Egypt, Colombia discuss mechanisms of financing biodiversity
The talks tackled points of view on mechanisms of financing biological diversity to achieve the goals of the new global framework.
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FRA announces new private insurance fund regulations
The changes also provide private insurance funds operating under defined benefits systems with greater flexibility to diversify their investment.
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Trump Halts Nearly All Foreign Aid, Except Food Aid, Israel and Egypt Military Support
The memo orders a halt on new foreign aid commitments and the extension of existing programmes until they undergo case-by-case review.
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Is Egypt's tax digitalization the key to a modern economy?
Under the leadership of Rasha Abdel Aal, the ETA has made significant strides in integrating advanced digital tools into its operations.
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FRA forms advisory group to strengthen Egypt's voluntary carbon market
The formation of this advisory group follows the FRA’s successful launch of Egypt and Africa’s first voluntary carbon market in August 2024.
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New e-system and measures for investor and tax issues to go live in February
Special measures will soon be introduced to address and resolve all outstanding tax issues and disputes up until 2020.