Finance News
-
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.
-
The EGX and pound falls again amid additional US tariffs
The drop in the pound was mirrored by a steep decline in the Egyptian Exchange (EGX), where the main indices fell by between 1.86% and 3.65%.
-
US tariffs increase uncertainty as Egypt weighs interest rate cut
The global trade disruptions caused by the newly imposed US tariffs are creating uncertainty for Egypt’s monetary policy.
-
Economy shows significant improvement in first 8Ms of FY2024
Kouchouk emphasized that the Egyptian government is focused on reforming its financial policies to better support private sector growth and stability.
-
Recovery signs for Egyptian pound and stock market amid economic challenges
The potential for another tariff increase by the US government tomorrow has further heightened uncertainty.
-
e& Egypt Launched Instant International Money Transfer Service
The cash wallet works with just one click. This process will not need to visit branches or intermediary companies.
-
Egyptian inflation seen edging down to 12.6% in March
The median forecast of 14 analysts polled by Reuters was for annual urban consumer inflation to have slipped to 12.6% in March from 12.8% in February.
-
French investments in Egypt exceed $7 bln during Macron visit
French investments in Egypt have exceeded $7 billion, making France one of the country’s key partners and creating over 50,000 jobs.
-
Mastercard, PayTabs partner to enhance digital payment solutions for Egypt SMEs
According to the statement, it will also allow merchants to generate payment links quickly, reducing the time and effort required.
-
Stock market lands in the red amid Egyptian selling and new US tariffs
The Egyptian Exchange (EGX) plummeted on Sunday, just one day after the US implemented its latest blanket tariffs.
-
Egypt’s external debt fell by US$12.9 billion in 2024
Egypt’s external debt dropped $12.9 bn in 2024 to $155.1 bn—the largest annual fall ever—driven by CBE reforms and timely bond repayments.
-
EU approves €4bn loan for Egypt
The EU Parliament approves a €4 bn tranche for Egypt’s MFA package, bolstering fiscal stability, reforms, and strategic partnership through 2027.
-
Finance Ministry highlights initiatives to stimulate economic activity
Egypt’s Finance Ministry unveils initiatives to spur growth: private-sector incentives, industry support, and expanded social protection outlays.