Finance News
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Egypt public expenditures decline by 5.9% in July, August
Egypt’s public expenditures have declined by 5.9 percent in July and August of the current FY2024/2025, reflecting the government’s ongoing efforts.
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Media reports possible new Instapay feature coming to app
The new service is expected to roll out before the end of this year, enhancing the convenience of transactions for consumers.
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Valu partners with ShipBlu, PayTabs Egypt for eCommerce payments
Valu, MENA’s universal FinTech powerhouse, has partnered with ShipBlu and PayTabs Egypt to transform payment methods for eCommerce.
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FinMin outlines strategic reforms to boost private sector in Egypt
A new 50 billion EGP tourism initiative has also been introduced to accelerate the construction of hotel rooms and accommodate more tourists.
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In Q4 of 2023–2024, Egypt’s State debt decreases by 2.1%
Data from the ministry indicates that short-term domestic debt decreased by 2.9 percent to LE 7.33 trillion.
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Egypt’s central bank inks MoU with Tunisian counterpart
The MoU aims to exchange experiences and knowledge through workshops, training courses, and conferences.
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EPEAVC & USAID sign MoU to Boost Venture Capital Investment in Egypt
Under the MoU, USAID and Egyptian Private Equity and Venture Capital Association will enhance the efficiency of Egypt’s ecosystem.
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CBE to host 48th annual meeting of Council of Arab Central Banks
This meeting will be preceded by a workshop titled Increasing the Strength and Stability of the Financial System in the Age of Digitization.
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El-Sisi appoints Youssef Boutros Ghali member of Specialized Council for Economic Development
President Abdel-Fattah El-Sisi has appointed former minister of finance Youssef Boutros Ghali as a member of the Specialized Council for Economic Dev.
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Why is Egypt delaying international bonds?
Financial experts and policymakers have urged caution, advocating for a delay until there is more clarity on global interest rate trends.
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Dollar Drops against Egyptian Pound to 48.48
The dollar depreciated against the Egyptian currency by about 20 piastres to record EGP 48.48 to buy and EGP 48.62 to sell.
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Egypt unveils initiatives to boost investments across diverse sectors
Madbouly underscored that these initiatives are poised to leverage promising investment prospects in Egypt, fostering economic growth.
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Egypt aims for over $20 billion FDI annually
This initiative is expected to create thousands of job opportunities for the youth in Egypt, Madbouly emphasized.
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FRA approves Egypt’s inaugural a special purpose acquisition company
CPME aims to complete acquisitions of target companies within two years from the date of its listing, explained the FRA statement.
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Egypt's FM Urges Reform of International Financial System
The dialogue addressed issues related to the transformation of global governance and enhancing the implementation of the 2030 SDGs.
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Deputy Minister of Finance, Tax Authority, discusses new tax package with MSMEDA
El-Kilani proposed forming a joint committee between the Ministry of Finance, the Egyptian Tax Authority, and MSMEDA to unify concepts and procedures.
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Experts call on Egypt’s government to wait on issuing international bonds
The wait is for the vision becomes clearer regarding the future of the US interest rate – especially after it was reduced by 50 basis points last week
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Egypt's Entrepreneur Awards announces winners of 2024 edition
The winners include Sight, SR Padel, ILLA Logistics, 2oolameme, Peace Cake, Synapse Analytics, Mozna, Pepla, Menthum, Technobit among others.
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Egypt launches Integrated National Financing Strategy
Al-Mashat emphasized that this strategy represents a collaborative effort between the Egyptian government and the UN.
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Mastercard collaborated with Entreprenelle to empower female entrepreneurs in Egypt
The workshops focused on critical areas such as E-commerce and acceptance solutions, boosting SME resilience with digital solutions.