Finance News
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Finance Minister confirms approval of draft law canceling preferential tax treatment for state-owned companies
The draft law will cancel all legal provisions granting preferential treatment to state-owned companies, the PM explained.
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Egypt Signed Contracts to Sell State Assets Stakes worth $1.9 Billion
The Egyptian Prime Minister Mostafa Madbouly said that Egypt aims to offer 32 companies within the government offering program.
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Egypt plans to secure $3 bln in financing through end 2023: Minister
Egypt targets securing $3 billion in financing through the end of 2023 from several external markets to bridge its financing gap.
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Egypt: aiBANK joins InstaPay as part of its digital transformation strategy
Offering instant payment services is a strategic move that is part and parcel of our vision to enhance our digital footprint and customer experience.
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Egypt Aims to Increase Proceeds in Dollars to $191 Bln Annually
The government's goals, according to the prime minister, include bringing the value of commodity exports to $88 billion annually.
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Egypt inflation hits all-time high in June, reaching 36.8%
Egypt's headline inflation maintained its upward trend in June, reaching 36.8 percent, compared to 34.8 percent in May, as announced by CAPMAS.
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Egypt-based fintech investment platform Exits.me raises $1.25 mln capital
According to a press statement issued on Monday, Exits.me, an Egypt-based fintech investment platform, has grown its total capital to $1.25 million.
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Egypt Post partners with Qardy
Online aggregator marketplace Qardy has announced its partnership with Egypt Post to offer SMEs access to financing opportunities in Egypt.
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President Sisi Approves FY 2021-2022 Closing Budgets for Key Sectors
2. This notable move ensures continued government support for these sectors, reinforcing their key roles in Egypt's national development.
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Egypt Cabinet to hold press briefing Tuesday to reveal progress on IPO programme
Egypt’s Prime Minister Mostafa Madbouly will hold a press briefing on Tuesday to reveal the progress the government has made on its privatization.
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Egypt could apply flexible exchange rate by end of 2023: MP
The Central Bank of Egypt is considering implementating a flexible exchange rate policy by the end of 2023.
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France to provide nearly $2 mln to women-owned micro-enterprises in Egypt
The French Development Agency (AFD) will provide EGP 60 million ($1.94 million) to fund women-owned micro-enterprises in Egypt.
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Minister of Solidarity: Number of Beneficiaries of "Takaful & Karama" Rose to 4.6 Million Families
Dr. Nevin Al-Kabbaj, Minister of Social Solidarity, expressed her appreciation for the effort made by the Ministry's employees in developing families.
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GICs enable banks to stay competitive in fast-paced world: Mashreq’s MGN Egypt Head
GICs, also known as Global Capability Centers, are specialized entities established by companies in various locations around the world.
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Egypt's Commercial International Bank secures $250 mln loans from IFC
Commercial International Bank (CIB) has announced receiving $250 million in long-term loans from the International Finance Corporation (IFC).
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Agricultural Bank of Egypt, MSMEDA sign financing contract worth EGP 60m
Egyptian Family Development Initiative aims primarily to improve population and control its growth rates.
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Maait orders easing measures for electronically linking Nafeza, e-bills for taxes
Maait said it was decided that a permit period will be granted to emergency import cases to adjust their conditions till August 1.
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National family development project boosts inclusive economic growth and alleviates poverty
The funding is set to expand opportunities for women-owned micro-projects in various productive, commercial, service, handcraft, and heritage sectors.
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UNCTAD: Egypt 1st Investment Destination in Africa
This came in the report published by the Media Centre of the Council of Ministers that included infographics highlighting UNCTAD's report.
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Foreign exchange reserves increase to US$34.806 billion: Central Bank of Egypt
The CBE said that the value of foreign currencies included in the cash reserve rose to $27.044 billion at the end of June, compared to $26.686 billion