Finance News
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Egyptian parliament discusses amendments to Depository and Registration law
This law affects stock market performance and creating a better investment environment by helping settle legal issues regarding financial securities.
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Hermes predicts 2020 great year for Egyptian economy
The outlook predicts a solid growth for the Egyptian economy in 2020. Egypt is expected to reap the gains of the years of economic reform.
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Egypt Ranks 114 in Doing Business 2020
Egypt climbed up 6 spots to rank at 114th place among 190 economies in ease of doing business. Download the full report here.
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Egypt ranks 93rd in Global Competitiveness 2019
Egypt climbed 1 rank in 2019 up from the 94th in this version of the report released annually by the World Economic Forum.
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Egypt inflation lowest since 2013
Inflation rates slowed to almost 4.9% annual rate in August. Despite interest rate cuts, Egypt is becoming more attractive for investors.
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Egypt is worlds 2nd flexible emerging economy
The Bloomberg report placed Egyptian economy 2nd after Philippines out of 21 emerging economies in flexibility against global trade wars.
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Cairo one of the cheapest cities in the world
Cairo ranked at number 125 out of 133 cities in The Economist's 2019 Worldwide Cost of Living Survey.
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Egypt to be 7th biggest economy by 2030
Standard Chartered's forecast sees Egypt overtaking Russia, Germany and Japan to be the 7th biggest economy globally.
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Egypt top improving country in Doing Business
Egypt ranked 120 out of 190 countries in the World Bank's "Ease of Doing Business" Report which put it among the most improving economies in 2017/2018
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Egypt is the 2nd wealthiest country in Africa
Cairo was named also the 3rd richest city in the continent with $140bn in wealth after Johannesburg and Cape Town.
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Egypt growth to reach 5.5% by FY2019
Egypt's growth is expected to reach 5.2% up from 4.2% last year in fiscal year 2018 and to reach 5.5% in 2019.
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Egypt ranks 167 in paying taxes
Egypt ranks among the slowest 11 countries in Africa in the time required for a company to meet its tax obligations.
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The new Capital Market Law in 10 points
Egypt’s parliament ratified the amendments of the Capital market law that aims to increase competitiveness and create an inclusive economic climate.
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Egypt ranks 70 in inclusive development
Egypt came at 70 out of 77 emerging economies in a World Economic Forum Inclusive Development Index 2018.
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1.8 million euros from EU to Egyptian SMEs
Eitisal held a meeting with 100 business leaders in Egypt to ask them to join the project.
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7 Egyptians among the Richest Arabs
Nassef and Naguib Sawiris are among the top 10. Prince Al-Walid bin Talal on top as the richest Arab.
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UAE’s Mawarid Technology Promises to Pump Investments at a Value of USD 100 Million in Egypt
Nuaimi: Egypt Represents a Regional Gateway for Arab and African Markets.
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IMF Loan, rights and obligations
The loan is not just money, it’s a full economic reform program that needs to be implemented over 3 years and will be reviewed 5 times.
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The battle against currency black market
Prison sentences, fines and revocation of license of the currency exchange bureaus that don't follow official rates.
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Can financial inclusion in Egypt be triggered by payroll cards?
Advocates of the cards say it will provide a large portion of the underbanked Egyptian population with access to banking system and e-commerce.