Finance News
-
Egypt cuts interest rates for first time in 5 years
Egypt slashes rates by 225 basis points after 5 years of tightening, signaling easing inflation and a pivot to growth-supportive policy.
-
Egypt’s M&A market thrives amid reforms and investment
Egypt’s M&A activity jumps 23.7% in 2024, fueled by reforms, privatization efforts, and investor confidence in structural improvements.
-
Egypt’s central bank slashes key interest rates by 225 bps
Egypt’s central bank cuts interest rates by 225 bps for the first time in 5 years to boost growth amid easing inflation and economic reforms.
-
58 short facts about Egypt's 2025/26 budget
The 58 facts below show where the money is going, the ambitions behind each line item, and how the plan compares with the current year.
-
Banks double down on social impact as CSR funding nears EGP 4 billion
Fresh data from the Central Bank of Egypt (CBE) show that the sector channelled EGP 3.9 billion into community projects during 2024.
-
All you need to know about Egypt's FY2025/26 budget
The plan focuses on transformative investments in the electricity and renewable energy sectors, urban development, and essential services.
-
Egypt remittances jump 81% in first seven months of FY2024/2025
Remittances reached approximately $20 billion, up from $11 billion in the same period of the previous fiscal year,
-
Egypt Sets LE 3.5 Trillion Investment Target for FY2025/2026
Egypt’s foreign reserves saw a strong year-on-year increase of 34 percent, reaching $47.4 billion by the end of February 2025.
-
Afreximbank targets $2 billion in financing to Egypt in 2025
The African Export-Import Bank (Afreximbank) aims to provide $2 billion in direct and indirect financing to Egypt in 2025.
-
Оver 800 Saudi companies invest US$34 billion in Egypt
Farouk highlighted that Saudi Arabia is Egypt’s third-largest trading partner, with bilateral trade reaching US$13 billion in 2023.
-
Qatar and Egypt agree to work towards package of $7.5 bln
Egypt is pushing ahead with efforts to secure funding from Gulf neighbours and foreign partners as it seeks to tackle heavy foreign debts.
-
Egypt, Saudi Arabia seal 4 strategic investment deals at bilateral forum
The deals span key sectors such as investment promotion, food processing, solar energy, metal industries, and real estate development.
-
Moniepoint investor takes over Egypt’s $105M Nclude with new venture fund
Development Partners International (DPI), a UK-based private equity firm, has taken over the management of Egypt’s $105 million Nclude Fund.
-
Why is the Egyptian Pound testing new lows?
The EGP sinks to new lows due to persistent capital outflows and financing gaps, sparking concerns about economic resilience.
-
Gold prices in Egypt jump on Thursday
Gold prices in Egypt spike, with 24k gold reaching EGP 5,142.75/gram, reflecting global demand and local currency pressures.
-
Egypt Kuwait Holding’s general assembly greenlights $53.2mln dividends for 2024
EKH shareholders approve $53.2M in dividends, reflecting strong 2024 financials and strategic regional investments.
-
Standard & Poor’s revises its outlook for Egypt
S&P affirms Egypt’s credit rating at B-/B, revising its outlook to stable amid reforms and external funding improvements.
-
Egypt’s financial outlook shifts to stable at S&P, ’B-/B’ ratings confirmed
SP‑BB upgrades Egypt’s outlook to stable amid fiscal reforms, boosting investor confidence and highlighting market stability.
-
Egyptian banks offer fee-waived, no-minimum accounts through April for financial inclusion drive
Egyptian banks launch a fee-waived, no-minimum-balance account drive in April, enhancing financial inclusion.
-
Fees for money transfers through Applications of 3 Banks
This step comes after InstaPay imposed a transfer fee of 0.1 percent of the transaction amount, with a minimum of 50 piasters and a maximum of LE20.