Finance News
-
Egyptian Remittances Hit Historic High of $32.6 Billion Following Currency Devaluation
In February 2025 alone, remittance inflows surpassed $3 billion for the second month in a row, more than doubling the $1.3 billion recorded in Feb2024
-
Most Gulf shares gain on US-China tariff deal; Egypt snaps losing streak
Saudi Arabia's benchmark stock index (.TASI), opens new tab rose 1.3%, the sharpest rise in a month with almost all sectors in the green.
-
El-Sisi commends outgoing AfDB president for advancing development across Africa
President El-Sisi also reaffirmed to Adesina Egypt’s ongoing support for the AfDB and commitment to cooperating with its next president.
-
OECD praises Egyptian reforms in latest report
Despite clear progress, the OECD emphasized that further work is needed to ensure these ambitious reforms meet citizens’ needs.
-
Egypt’s annual headline inflation rate increases to 13.5% in April 2025
The report attributes the inflationary pressure to notable price hikes in essential sectors. Electricity, gas, and fuel costs jumped by 6.7 percent.
-
Saudia unveils its international credit card in Egypt
Saudia has announced the introduction of its first international credit card in Egypt, in collaboration with Visa.
-
Egypt economic reforms greatly benefit private sector: EBRD president
With €13.8 billion in financing and investments in the Egyptian private sector, the bank is considered the strongest European lever in Egypt.
-
7 key facts about Egypt’s 500 reforms to drive private sector growth
The effort, led by the (IDSC) and aligned with the State Ownership Policy Document, aims to shift the economy toward a private sector-led model.
-
Egypt's New Partnership with BRICS: NDB Eyes Investment Opportunities
Egypt's official inclusion in the BRICS group in 2024 marks a new chapter in its economic journey, positioning the nation among other global players.
-
Egypt’s Foreign Reserves Continue Upward Trend Reaching $48.14 Billion in April
December 2024 saw a further uptick to $47.1 billion, reflecting a $157 million gain from November’s $46.95 billion.
-
FRA cautions citizens against fake investment platforms
The FRA noted a growing number of online ads and social media posts that entice citizens to commit funds to ventures lacking the necessary licenses.
-
Understanding Egypt’s Approach to Hot Money and Economic Stability
“Hot money” describes the rapid movement of capital across international borders in pursuit of quick profits.
-
Declining Sales, Rising Costs Contribute to Drop in Egypt’s PMI for April
The data pointed to a slowdown in the non-oil private sector, driven largely by reduced demand among non-oil companies.
-
IMF noted to arrive this week for 5th review of $8B loan program
In March 2024, Egypt succeeded in expanding the IMF loan package from $3 billion to $8 billion.
-
Egypt's MNT-Halan sells $50mln in local corporate bonds
The company says it has disbursed more than $11 billion in loans both inside and outside of Egypt.
-
EBRD Investment in Egypt tops €13.8B
With over €13.8 billion invested in Egypt’s economy since 2012—more than 86 percent of it directed to the private sector.
-
Egypt’s foreign assets rise by 47.5%reaching $15.04B in March
This positive trend signals a continued recovery following a substantial decline in net foreign assets over three months.
-
MoneyFellows raises $13M to take its group savings model outside Egypt
The Cairo-based fintech says it’s ready to shift from steady growth to regional expansion.
-
Fawry joins forces with Microsoft to drive digital transformation for Egyptian SMEs through Fawry Business
Fawry teams up with Microsoft to offer integrated financial and productivity tools for Egyptian SMEs via Fawry Business.
-
FABMISR expands national footprint with 4 new branches across strategic locations
FABMISR opens 4 new branches in strategic locations across Egypt to grow customer reach and boost financial inclusion.