Finance News
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IMF and World Bank expect Egypt’s economic growth to increase
Mashat reviewed the most important economic developments, including the results of Egypt’s participation in the IMF Spring Meetings.
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Egypt’s Private Sector Investments Surge by Nearly 80 Percent Amid Economic Reforms
This is the highest rate seen in years, as a result of recent government reforms aimed at fostering competitive neutrality.
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MSMEDA injects $51mln to finance 130,000 SMEs in Fayoum
The meeting also witnessed the signing of two new contracts to finance microenterprises in Fayoum.
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Egypt’s Budget Deficit Falls to 5.1 Percent of GDP Amid Strong Revenue Growth
The Ministry reported that the deficit reached LE 879.3 billion, equivalent to 5.1 percent of GDP, down from LE 898 billion, or 6.5 percent of GDP.
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What is the highest return on CDs in Egypt?
The CBE announced a reduction in the interest rate on deposits to 25 percent and on loans to 26 percent.
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Egypt to auction $950 million in one-year dollar T-bills
The bills will replace $997.6 million in maturing dollar treasury bills that carried an average weighted yield of 5.149%.
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Government to issue EGP 2.175trn in local debt instruments in Q4 of FY25
Egypt to issue EGP 2.175T in local debt in Q4 FY25 to refinance maturing obligations and finance the budget deficit.
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Reuters poll reveals regional economists’ predictions for Egyptian economic growth
A Reuters poll projects Egypt’s GDP growth at 3.8% for FY24/25, slightly down due to global and regional pressures.
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State keen to achieve economic growth based on investments, industry localization
Egypt’s strategy focuses on boosting economic growth via investment stimulation and industry localization.
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FABMISR expands its network with a new branch at Al Ahly Club in New Cairo
FABMISR expands its footprint in New Cairo, strengthening ties with top sports institutions and new market segments.
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Egypt’s Private Sector Investments Surge by Nearly 80 Percent Amid Economic Reforms
Kouchouk revealed that ten major projects are scheduled to be activated this year.
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Egypt comes second in Africa with highest GDP in 2025
Egypt ranks second in Africa’s GDP standings for 2025 with $347.34B, following South Africa’s $410.34B.
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Customer deposits at banks climb to EGP 13.599trn in December 2024
Egypt’s bank deposits hit EGP 13.599 trillion by December 2024, reflecting strong public savings and banking sector stability.
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What is the highest return on CDs in Egypt?
After a 225 bps rate cut, top CD returns now sit at 25.25% and 24.75% at Egypt’s major banks, impacting investment options.
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Why the IMF has a positive outlook ONLY on Egypt
Egypt is now the only major Middle East and North Africa economy seeing an upgrade; the Fund trimmed the region’s 2025 forecast to just 3 percent.
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6 things to know about Egypt’s coming unified business tax
Egypt’s government is racing to swap a bewildering mosaic of agency-level service fees for a single, profit-based levy.
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Egypt, China discuss debt-for-development swap scheme
Egypt and China are discussing converting part of Egypt's debt into interest-free loans to finance key development projects.
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CBE announces Labour Day a paid holiday for banks in Egypt
The Central Bank of Egypt (CBE) announced that Labour Day, which falls on Thursday, 1 May, will be a paid holiday for banks in Egypt.
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IMF raises Egypt’s growth forecast to 3.8 percent for 2025, 4.3 percent next year
Adjustment improves upon January forecasts of 3.6 percent and 4.1 percent for the economy.
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GAFI CEO highlights latest business reforms via streamlined unified tax system
The new taxation model is expected to roll out within the next few months as part of a national effort to simplify investment procedures.