Finance News
-
Madbouly’s economy
For example, has he decided on salary increases every three months at the same rate as the increase in energy and fuel prices?
-
Egypt sees positive portfolio inflows amid debt, inflation challenges
Egypt's portfolio flows have been net positive in recent months, with significant inflows into local currency bonds despite the ongoing debt challenge
-
Egypt’s surges IFC’s capital by $28.9M to boost private sector financing
The IFC invested over $9 billion in Egypt, with an active portfolio of $2.3 billion spread across various sectors, including trade finance and health.
-
House of Representatives approves Egypt contribution to capital increase of IFC by $28.9 mln
The House of Representatives has approved Egypt's contribution to the capital increase of the International Finance Corporation (IFC) through a stake.
-
Egypt to allocate exceptional allowance for pensions and salaries
Egypt awaits the fourth review of the Extended Fund Facility (EFF) loan programme in November, which will grant access to a $1.3 billion tranche.
-
Egypt steadily moving towards more balanced tax system
The reforms are intended to create a fair and stable tax environment that eliminates barriers for taxpayers, treating them as partners in the process.
-
El-Sisi Highlights Economic Challenges and Achievements at Global Conference
El-Sisi noted that the Egyptian government adopted a strategic approach based on balanced, integrated, and interconnected solutions.
-
Egypt looking to issues new green bonds and Sukuk by end of fiscal year
This is part of a broader strategy to diversify financing sources and attract both investors and savers to the local debt market.
-
S&P Global affirms Egypt ratings At ‘B-/B’
The positive outlook reflects the significant steps the Egyptian authorities have taken over the last eight months to address imbalances.
-
Al Mashat reveals FY2023/2024 economic indicators
This marks a decline from the previous year's growth rate of 3.8 percent, largely due to ongoing external shocks, and geopolitical tensions.
-
Saudi Arabia, Egypt finalize investment protection agreement
Prime Minister Mostafa Madbuly has said in recent weeks that bin Salman has given directions for US$5 billion to be injected into Egypt’s economy.
-
Egypt’s Rabbit Mobility raises $1.3 million to expand its electric scooter platform
The platform aims to provide a sustainable and efficient solution to the “first and last mile” transportation challenge in Egypt’s cities.
-
For 15 days, Egyptian banks open accounts for free without a minimum
The MBC Masr channel reported that this step comes on the occasion of the Global Week for Financial Inclusion and the World Savings Day.
-
CBE allows financial inclusion accounts in foreign currencies
The central bank also announced that direct debit cards can be issued in the same currency as the accounts after obtaining the necessary approvals.
-
Egypt to start medium-term budgetary framework in 2025
Egypt will adopt a medium-term budgetary framework for the first time in 2025 to set a three-year strategy plan.
-
Fawry and Bel Egypt enhance digital financing solutions for retailers
This partnership will aid retailers’ digital transformation, enabling them to overcome economic challenges and expand their businesses.
-
EIB’s Guido Clary highlights vision for Egypt's economic resilience
Clary highlighted the EIB's crucial role in economic growth and sustainable development.
-
Egypt's FRA Suspends Establishment of Microfinance Companies for 1 Year
It also suspended accepting applications for obtaining a license to practice microfinance activities for associations and civil institutions.
-
Cabinet Clarifies "War Economy" Concept
War economy means taking exceptional measures at the economic level to face the lack of supply chains in the event of a regional war.
-
Egypt to launch its first digital bank
The Central Bank of Egypt (CBE) has granted Misr Digital Innovation (MDI) preliminary approval to launch the country's first digital bank.