Finance News
-
State keen to achieve economic growth based on investments, industry localization
Egypt’s strategy focuses on boosting economic growth via investment stimulation and industry localization.
-
FABMISR expands its network with a new branch at Al Ahly Club in New Cairo
FABMISR expands its footprint in New Cairo, strengthening ties with top sports institutions and new market segments.
-
Egypt’s Private Sector Investments Surge by Nearly 80 Percent Amid Economic Reforms
Kouchouk revealed that ten major projects are scheduled to be activated this year.
-
Egypt comes second in Africa with highest GDP in 2025
Egypt ranks second in Africa’s GDP standings for 2025 with $347.34B, following South Africa’s $410.34B.
-
Customer deposits at banks climb to EGP 13.599trn in December 2024
Egypt’s bank deposits hit EGP 13.599 trillion by December 2024, reflecting strong public savings and banking sector stability.
-
What is the highest return on CDs in Egypt?
After a 225 bps rate cut, top CD returns now sit at 25.25% and 24.75% at Egypt’s major banks, impacting investment options.
-
Why the IMF has a positive outlook ONLY on Egypt
Egypt is now the only major Middle East and North Africa economy seeing an upgrade; the Fund trimmed the region’s 2025 forecast to just 3 percent.
-
6 things to know about Egypt’s coming unified business tax
Egypt’s government is racing to swap a bewildering mosaic of agency-level service fees for a single, profit-based levy.
-
Egypt, China discuss debt-for-development swap scheme
Egypt and China are discussing converting part of Egypt's debt into interest-free loans to finance key development projects.
-
CBE announces Labour Day a paid holiday for banks in Egypt
The Central Bank of Egypt (CBE) announced that Labour Day, which falls on Thursday, 1 May, will be a paid holiday for banks in Egypt.
-
IMF raises Egypt’s growth forecast to 3.8 percent for 2025, 4.3 percent next year
Adjustment improves upon January forecasts of 3.6 percent and 4.1 percent for the economy.
-
GAFI CEO highlights latest business reforms via streamlined unified tax system
The new taxation model is expected to roll out within the next few months as part of a national effort to simplify investment procedures.
-
NBE, Banque Misr adjust returns on saving certificates after CBE interest rate cut
It also announced that it would discontinue its popular platinum savings certificates, which offered an annual return of 17.25 percent.
-
EGP 78B earmarked in Egypt's new budget to support key sectors
The government is working to maintain a secure economic course, centered on stimulating domestic production and expanding exports.
-
IMF upgrades Egypt’s growth forecast amid regional downturn
The revised estimates suggest Egypt’s economy will expand by 2.4 percent this year, followed by growth of 3.8 percent in 2025 and 4.3 percent in 2026.
-
Egypt’s president directs transition from multiple fees to unified tax on net profits
The president underlined the need to ensure that investors experience tangible and swift improvements in the ease of doing business in Egypt.
-
El-Sisi highlights private sector's role in economic development and export growth
President El-Sisi reviewed the government's efforts to improve the business climate and attract more domestic and foreign investments.
-
Egyptian banks cut interest rates on variable certificates following Central Bank move
Following the Central Bank's 225 bps cut, banks slash interest on variable-yield certificates by 2.25%, reshaping returns and lending dynamics.
-
El-Sisi highlights private sector's role in economic development and export growth
President El-Sisi emphasizes the private sector's role in economic growth and job creation, aiming to unlock more public-private synergy.
-
Egypt cuts interest rates for first time in 5 years
Egypt slashes rates by 225 basis points after 5 years of tightening, signaling easing inflation and a pivot to growth-supportive policy.