Finance News
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500 Global COO Courtney Powell views Egypt as strong market for new start-ups
The global investor has joined up with Egyptian government to start programmes that will support about 200 start-ups and 60 accelerators.
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Egypt’s economy expected to achieve 5% growth in FY2022/23
El-Sisi instructed to continue conducting deep studies of the global economic situation and how it reflects on the Egyptian economy and development.
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Kuwait extends maturity of $2 bln deposits to one year
The deposits were due to mature in April 2022.
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New exchange offers Egypt another way to import wheat
With grain markets disrupted this year by fluctuating prices and the war in Ukraine, Egypt's GASC has been diversifying its purchasing methods.
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Start: Egypt initiative supporting local industry
Egypt has taken great steps that qualify it to localize local industries and even attract foreign investments for manufacturing directly within it.
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Egypt’s CBE launches financial inclusion strategy for 2022-25
CBE launched its financial inclusion strategy for 2022-2025 that sets key objectives and priorities for creating financial inclusion in the country.
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HD Bank’s consolidated profits jump 26% in 9M-22
The consolidated financial statements of the Housing and Development Bank (HD Bank) indicated a 26.40% growth in the bank’s net profits.
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What you need to know about Egypt’s NWFE programme
NWFE aims to achieve sustainable, low-emission development, and enhance scientific research and technology transfers in the climate change field.
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World Bank allocates $1.8 billion to Egypt's sustainable cities
The funds will support 33 projects in the areas of green economy, energy efficiency and green mobility, as well as the development of green spaces.
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World Bank discusses new cooperation phase with Egypt
Shaker noted that the strategic relations between Egypt and the World Bank bolstered the country’s efforts for transformation towards a green economy.
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Egypt signs deals worth EGP 10 billion for financing green projects
Egypt signed a number of partnership agreements and letters of intent (LOI) worth around EGP 10 billion with development partners last week.
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Agricultural Bank of Egypt issues first eco-friendly credit card
The card was designed and produced in cooperation with VISA, G+D and i-Finance and is environmentally friendly.
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AFDB could have key role in offering Africa's priorities to int'l community
Maait's remarks came during his meeting on Wednesday with AFDB President Akinwumi Adesina, on the sidelines of COP 27.
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Euromoney Egypt Conference 2022 to take place on Dec. 7
The lead sponsors of the conference are Mashreq Bank and Standard Chartered. The co-sponsor is Citibank.
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Suez Canal Bank net profits jump to EGP 735m in September 2022
This represents a growth rate of 95%, supported by an increase in net income from the return by 17%.
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Fitch Solutions raises Egypt GDP growth projection in 2022 by 0.3%
The report lowered its expectations for the country’s inflation rate by 0.2 percent to 13 percent through the end of 2022, down from 13.2 percent.
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Egypt’s Banque MISR receives $160m from The African Development Bank to finance SMEs
The loan consists of a $130 million credit facility from the bank and $30 million from Africa growing together fund (AGTF).
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Egypt’s EGX30 hits highest level in 32 months
Egypt’s main index (EGX30) closed on Monday at the highest level in 32 months to surpass 12,000 points.
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Egypt’s annual inflation jumps to 16.2% in October
This surpasses the 15.7 percent mark registered in November 2018, the Central Agency for Public Mobilisation and Statistics (CAPMAS) announced.