Finance News
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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.
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Banks inject EGP 82.1bn into low-income mortgage initiative until April 2025
22 banks and 8 mortgage firms disbursed EGP 84.6 billion to over 630,000 low-income beneficiaries under Egypt's mortgage initiative by April 2025.
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IMF concludes 5th review mission visit for Egypt’s EFF loan programme
Private investment rose significantly, from 38.5 percent of total investment in H1 FY2023/2024 to nearly 60 percent in FY2024/2025.
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IMF says Egypt making ‘substantial progress’ but needs more tax reforms
The IMF approved its fourth review of the programme in March, unlocking a disbursement of $1.2 billion.
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“Valu” Announces its Intention to Float on The Egyptian Exchange
The ratio of the number of Valu shares that will be allocated to the shareholders of EFG Holding is 1 Valu share per 3.3273 EFG Holding shares.
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Egypt, Germany sign EUR 118 mn financing agreement
The EUR 118 mn financial cooperation agreement dedicated to supporting the education and energy sectors.
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Economist says Egypt’s debt servicing bill exceeds 50% of public spending
The primary surplus of 3.1 percent of GDP from the July 2024-April 2025 period strongly indicates improved public financial management.
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I-Score, Modefinance Int’l to develop smart MSME grading system for Egypt market
I-Score is Egypt’s only licensed private credit bureau and a key player in its financial ecosystem.
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AfDB commits $746M to Egypt in 2025, targeting private sector, pharma, and clean energy
AfDB will fund $746M in 2025 to support pharma, clean energy, and private sector growth with employment and innovation incentives.
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IMF reaffirms support for Egypt’s economic reforms as 5th review discussions advance: Spokesperson
IMF staff signal readiness to release $1.2B after Egypt’s reform progress, endorsing Cairo’s macroeconomic stabilization strategy.
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Banque Misr supports the Nclude Innovation Fund LP (“Nclude”) in the transition of its management to DPI Venture Capital
Banque Misr backs Nclude’s $105M fintech drive, now led by DPI, to foster Egyptian startups and regional digital finance growth.
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Central Bank of Egypt cuts key interest rates
Egypt's central bank reduces key interest rates by 100 basis points to support growth, setting deposit and lending rates at 24% and 25%.
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Alexandria Container witnesses $20mln block trading deal
Alexandria Container & Cargo Co. executes a $20M block trade (52M shares), reflecting strong investor confidence on the EGX.