Finance News
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President Sisi urges investors to support 150 key projects in Egypt
Egypt's President Abdel-Fattah El-Sisi has invited Egyptian and foreign investors to invest in a list of about 150 projects identified and prioritized
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Bourse Prepares to Launch Digital Registry for EGX-Listed Companies’ IR Officers
The Egyptian Exchange (EGX) is organizing a digital registry for IR officers of EGX-listed firms. Registration commencement post successful interviews, tests and bourse training.
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Egypt Targets 7-8% Sustainable Annual Growth
The minister remarked that Egypt aims to boost private sector investments from 36 percent to 65 percent of the overall investments by 2030.
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GAFI, UAE-South African consortium partner to establish financial hub in New Administrative Capital
GAFI in partnership with a UAE and South African consortium is set to establish a financial hub in the New Administrative Capital, fostering a business-friendly environment and attracting more investments.
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ValU set to expand fintech services to Jordan in early 2024
Fintech services provider valU announced it is planning to expand into Jordan in early 2024, the company said in a statement on Sunday.
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CBE Deputy Governor Meets Swiss Delegation to Foster Economic Relations
Ramy Abul Naga, the Deputy Governor of the Central Bank of Egypt (CBE), recently hosted a Swiss delegation, highlighting Egypt's economic reform program and future collaborations.
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Currency exchange between Egypt, China and UAE to start in 2024
The swap agreement means that Egypt will obtain a dollar as the dirham is an oil currency that is convertible to other currencies such as the dollar.
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Egypt Tops Arab Nations in Foreign Investment Growth in Q1 2023
Egypt notably secured its position as a leader in the Arab world concerning the surge in foreign investments during the first quarter of 2023.
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IDSC Wins Three Awards from US Globe Business
The Cabinet’s Information and Decision Support Center (IDSC) won three prizes from the US Globe Business.
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GAFI to grant 45 more golden licences to boost investment
GAFI, the General Authority for Investment and Free Zones, is poised to approve 45 more golden licence applications soon, facilitating investment by easing project approval procedures.
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Egypt grows as an investment gateway to Africa
Hussein Abaza, CEO of Commercial International Bank, sheds light on Egypt’s strategic position as a trade and investment gateway to Africa, spotlighting Egypt's economic transformation plan.
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Egypt's FDI inflows rise 10% in FY2022/23: GAFI chairman
Egypt recorded a 10 percent increase year-on-year in foreign direct investment (FDI) inflows by the end of FY2022/23.
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ABK-Egypt Recognized as Fastest Growing Bank in Egypt for 2023
Al-Ahli Bank of Kuwait – Egypt (ABK-Egypt) has been honored as the Fastest Growing Bank in Egypt for 2023 by International Business Magazine.
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PM: State made unprecedented achievements over more than 9 years
Egyptian Prime Minister, Mostafa Madbouly, asserts that the state has achieved remarkable growth in various sectors in the past nine years.
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World Bank Finances 14 Projects Worth $6.9 Billion in Egypt
The World Bank Group is investing $6.9 billion in Egypt's development through 14 diverse sector projects, implementing the new 2023-2027 Country Strategy.
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10 things you need to know about Egypt-UAE currency Swap
Egypt and UAE signed on Thursday an agreement for currency exchange, but what does that mean? Here are 10 facts about the agreement.
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Chexim extends an $400M additional loan to Egypt's LRT project
The LRT project, initiated by the government in 2014, aims to establish a modern transit system connecting Cairo with urban and industrial communities
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CBE Governor Discusses with Chinese Counterpart Currency Swap, Panda Bond Issuance
The governor stressed the similarity of views between the two sides regarding the need to enhance joint cooperation.
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Egypt Splits Investors Over Default Risk After Devaluations
The market is in disarray in navigating what’s become a once-a-decade crisis in the Arab world’s most populous country.
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Global e-payment giant Visa opens new office in Egypt
Global e-payment giant Visa opened a new office in Egypt to support the country’s digital transformation towards a cashless economy.