Finance News
-
Egypt’s net foreign reserves hit $48.52bln end-May
Egypt’s foreign reserves rise to $48.52B in May, signaling growing economic stability and stronger financial positioning amid global market shifts.
-
Egypt’s inflation surges at fastest pace this year in May
Egypt’s urban inflation rate saw its fastest acceleration of the year in May, reaching 16.8 percent year-on-year, up from 13.9 percent in April.
-
Remittances from Egyptians abroad register record $26.4 bln
According to the CBE, this represents an unprecedented rise compared to the $14.4 billion recorded during the same period of FY2023/2024.
-
Ahmed Kouchouk recognized as Africa’s Finance Minister of the Year
The recognition highlights Kouchouk’s “visionary economic stewardship” and his role in implementing bold fiscal reforms.
-
Huawei hosts Cloud Fintech Summit Egypt 2025
Flexus offers affordable deployment, scalable computing, and lightweight databases for SMEs.
-
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.
-
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).
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
“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.
-
Egypt, Germany sign EUR 118 mn financing agreement
The EUR 118 mn financial cooperation agreement dedicated to supporting the education and energy sectors.
-
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.
-
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.
-
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.