Finance News
-
IMF Predicts Egypt to Generate $3 Billion from Asset Sales in 2024/25
This comes as part of the country’s ongoing economic reform program, which is being carried out in collaboration with the IMF.
-
Egypt to Unlock €100 Million in Second Tranche of German Debt Swap Deal
Approximately 1,400 German companies operate in Egypt, with bilateral trade between the two countries surpassing €7 billion.
-
Egypt Sees 77% Increase in Private Investments, 33% Growth in Non-Oil Exports
Egypt reports a 77% surge in private investment and 33% export growth, signaling momentum.
-
Egypt adopts balanced fiscal policies to boost economic performance
Egypt’s Finance Minister outlines a strategy of balanced fiscal policies to boost growth.
-
PM Confirms Growing Global Confidence in Egypt’s Economy
PM Madbouly highlights global praise, falling inflation, and rising investor interest.
-
Egypt Expects about 4 Privatization Deals in Current Fiscal Year
Egypt plans 3–4 privatization deals to boost private sector growth and meet IMF targets.
-
Egypt Grants Golden Licenses to 3 Strategic Projects Across Various Sectors
The facility is expected to produce approximately 3,800 tons of linen yarn annually, supporting Egypt’s broader export strategy in the textile sector.
-
CBE reinstates daily cash withdrawal limit, effective Tuesday
Banks have also been instructed to ensure the smooth implementation of the decision and adherence to the set regulations.
-
Egypt allocates EGP 5 Billion in new budget to boost small business sector
Egypt allocates EGP 5B in new budget for MSMEs, aiming to boost private sector, formalize businesses, and support young entrepreneurs.
-
Mobile tech fueled financial inclusion boom in developing economies in 2024
Mobile tech drives global financial inclusion! 40% of developing economy adults now save formally, narrowing gender gaps and boosting digital payment
-
Egyptians abroad require more than just mere remittances
Egyptian expats seek diverse engagement beyond remittances: real estate investment, infrastructure development, and formal business participation.
-
CBE expects inflation to stabilise in 2025 before gradually declining in 2026
Central Bank of Egypt projects inflation stabilization in 2025, followed by a gradual decline in 2026, signaling economic outlook.
-
Egypt’s annual headline inflation records 14.4% in June
Egypt's annual headline inflation stands at 14.4% in June, as reported by CAPMAS, offering key economic insights for businesses.
-
EBRD, Banque Misr sign $100mln sustainability-linked financing agreement
EBRD and Banque Misr partner on a $100M sustainability-linked loan, promoting green financing and environmental responsibility in Egypt.
-
Egypt’s banking sector liquidity rises to EGP 12.8trn in May 2025
Egypt's banking sector liquidity swells to EGP 12.8 trillion in May 2025, indicating robust financial health and stability.
-
Egypt’s Ahmed Kouchouk named Africa Best Finance Minister for 2025
Egypt's Finance Minister, Ahmed Kouchouk, earns top African finance minister award for 2025, highlighting regional financial leadership.
-
Egypt and China sign 1st phase of debt-for-development swap program
Egypt swaps part of the $8 billion owed to China into financing for health, transport, energy, education, boosting growth, and reducing FX strain.
-
Egypt, China ink 3 financial cooperation agreements
Egypt and China sign 3 MoUs on yuan swap, UnionPay integration, and fintech collaboration, boosting local-currency trade and payments.
-
Egypt’s central bank keeps interest rates unchanged
CBE keeps deposit at 24% and lending at 25%, pausing rate cuts amid cooling inflation and steady GDP growth.
-
Egypt, China central banks sign pacts to boost yuan use, payment systems
Egypt and China’s central banks sign MoUs to promote yuan use, enhance payment systems, and facilitate local currency settlements.