Finance News
-
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.
-
IMF reaffirms support for Egypt’s economic reforms as 5th review discussions advance: Spokesperson
IMF staff signal readiness to release $1.2B after Egypt’s reform progress, endorsing Cairo’s macroeconomic stabilization strategy.
-
Banque Misr supports the Nclude Innovation Fund LP (“Nclude”) in the transition of its management to DPI Venture Capital
Banque Misr backs Nclude’s $105M fintech drive, now led by DPI, to foster Egyptian startups and regional digital finance growth.
-
Central Bank of Egypt cuts key interest rates
Egypt's central bank reduces key interest rates by 100 basis points to support growth, setting deposit and lending rates at 24% and 25%.
-
Alexandria Container witnesses $20mln block trading deal
Alexandria Container & Cargo Co. executes a $20M block trade (52M shares), reflecting strong investor confidence on the EGX.
-
Egypt central bank cuts key interest rates by 100 bps
Egypt's central bank reduces key interest rates by 100 basis points, aiming to balance economic growth and inflation control amidst IMF-backed reforms
-
CIB partners with Lantern Ventures to boost SME growth
CIB teams up with Lantern Ventures to enhance SME growth, offering tailored financial and strategic support to empower Egypt's entrepreneurs.
-
Gold prices in Egypt drop on Thursday
Gold prices in Egypt declined on Thursday, with 24-karat gold at EGP 5,280 per gram for buying and EGP 5,308.5 for selling
-
Current IMF program will be Egypt’s last loan, Prime Minister declares
Egypt’s PM declares current IMF deal will be the last, signaling a shift to economic self-reliance by 2026–27 and reducing future external borrowing.
-
El-Sisi pushes for bold reforms to boost investment and economic resilience
The directives came during two separate high-level meetings this week with Prime Minister Mostafa Madbouly and other top officials.
-
National Bank of Egypt leads in brand value in 2025 ranking
Egypt’s top 10 most valuable brands are now worth a combined USD3.3 billion in 2025, according to the latest Egypt 10 2025 ranking.
-
EU looks to give €4bn in aid to Egypt
The EU and Cairo in March 2024 signed a “strategic partnership” which included financial assistance of five billion euros.
-
Arab Investments in Egypt Surge Fivefold to USD 41.5 Billion in 2024
The UAE accounted for the lion’s share at USD 38.9 billion, which is largely attributed to the Ras El Hekma megaproject.
-
El-Sisi directs improving conditions for attracting more FDI
The meeting addressed macroeconomic indicators, the government’s efforts to enhance the banking sector's performance.
-
Egypt achieves 3.9% growth in first half of fiscal year
Central Bank of Egypt expects the annual inflation rate to slow down during 2025 and 2026.
-
Egypt's central bank expected to cut rates by 175 bps
The median forecast of 16 analysts was for the central bank to cut the deposit rate to 23.25% and the lending rate to 24.25%.
-
MaxAB-Wasoko deepens Egypt footprint with Fatura acquisition
Fatura’s marketplace is expected to contribute 25% of MaxAB’s Egypt revenue by year end.