Finance News
-
Foreigners invest $1.5trln in Arab projects in 20 years
Morocco was ranked third with FDI of $15.3 billion, followed by the UAE with nearly $10.8 billion and Egypt with $10.6 billion.
-
Financial Regulatory Authority mandates pricing regulations for insurance companies
The Financial Regulatory Authority (FRA) has mandated insurance companies to price their policies to enhance market efficiency and fairness in pricing.
-
Egyptian expatriates to receive social protection, assures assistant minister
Egyptian expatriates are set to gain social protection, particularly following crises in Libya, Morocco, Russia, and Ukraine, confirmed Assistant Minister of State for Immigration and Egyptian Expatriates, Amr Abbas.
-
CBE governor participates in 47th session of council of Arab central banks
Fruitful discussions regarding the organization of specialized banking forums in Egypt, Tunisia, and Qatar were held during the session.
-
Finance Min.: 11 Million Egyptians Benefit from Recent Wage, Pension Hike
Abdel Fattah pointed out that this second social package for pensions in less than 6 months will improve the lives of citizens.
-
Sisi orders minimum wage increase for state servants
Egyptian President Abdel Fattah al-Sisi has ordered a raise in the minimum wage for state servants. The measure is one of several new initiatives announced by President Sisi.
-
President El-Sisi issues measure to alleviate financial burdens on citizens
President El-Sisi has revised the economy to reduce financial stress on Egyptians. Wage adjustments, cost of living allowances, and tax threshold changes are included.
-
IMF Economic Review for Egypt Delayed to Q1 2024
This reluctance stems from the significant inflation rates and concerns about the economic and social repercussions such a decision might have.
-
Egypt, Hong Kong in talks over cooperation, green finance tools
The meeting took place during the minister’s participation in the Belt and Road Initiative summit in Hong Kong.
-
Top 10 fintechs from Egypt
Egypt has a growing fintech industry that is focused on promoting financial inclusion and making banking services available for all Egyptians.
-
CBE to decide on interest rate on September 21
The Monetary Policy Committee of the Central Bank of Egypt is scheduled to hold its sixth meeting for 2023 on September 21 to discuss interest rates.
-
Egypt extends registration deadline for AIIB meetings to 15 September: Finance minister
Egypt's Ministry of Finance announced the extension of the registration deadline for the Eighth Annual Meetings of the Asian Infrastructure Investment
-
KSA ranks 1st among top 10 G20 states investing in Egypt
In total, the total value of the investments of the G20 countries in Egypt during the fiscal year 2021/2022 amounted to about 24 billion dollars.
-
Egypt’s 1st-ever climate investment forum aims to transform financing ahead of COP28
Prime Minister Mostafa Madbouly inaugurated on Tuesday the first-ever Environmental and Climate Investment Forum in Egypt.
-
Egyptian fintech startup Yalla to expand into Saudi Arabia
Yalla aims to introduce its Super App, along with its "Yalla Card" solution providing daily financial and non-financial needs to users in Saudi Arabia
-
World Bank appoints Stephane Guimbert new country director for Egypt
The World Bank has appointed Stephane Guimbert as the new country director for Egypt, Yemen, and Djibouti, effective 1 August.
-
Sisi to attend AIIB meetings in Egypt's Sharm El-Sheikh: Finance Ministry
Egypt's President Abdel-Fattah El-Sisi is scheduled to attend the inauguration of the Asian Infrastructure Investment Bank (AIIB) meetings.
-
Egypt’s international reserves climb for 12th month in a row, reaches $34.9B in August
On a year-on-year basis, CBE numbers indicate a climb of 5.39% in August compared to $33.14 billion during the same month in 2022.
-
Egypt inflation hits record high of nearly 40%
Annual inflation in Egypt hit 39.7 percent in August, official figures showed Sunday, an all-time high for the country.
-
Egypt paid $52 billion in external debt over the past two years
Egypt has paid $52 billion of its foreign liabilities within the past two fiscal years (2021-22 and 2022-23), Finance Minister Mohamed Maait said.