Finance News
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Egypt extends open invitation to Austrian investors for lucrative business ventures
Egypt's Minister of International Cooperation, Rania Al-Mashat, called upon Austrian companies to explore investment opportunities in Egypt.
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Egypt to introduce LE20 polymer notes before Eid al-Adha
The Egyptian State Information Service announced the release of a new LE20 polymer banknote ahead of Eid al-Adha.
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Why did Egypt’s inflation increase again in May? CBE answers
The annual food inflation increased to 60% in May 2023, and annual non-food inflation continued to increase to record 19% in May 2023.
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Egypt slams The Economist’s report on Egyptian affairs
The SIS on Monday summoned the correspondent of The Economist to hand him a letter criticizing the report.
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IMF urges Egypt to address FX reserves leakage and multiple exchange rates
International Monetary Fund (IMF) Managing Director Kristalina Georgieva said that Egypt needs to work on preventing the leakage of foreign exchange.
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Private equity funding to Egypt surged 79% in 2022, a report indicates
Private equity funds injected a record $877 million into Egyptian companies in 2022.
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Paymob and Chefaa lead digital transformation of pharma retail payments in Egypt
Customers Benefit from Streamlined Transactions and Secure Payment Experiences.
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1.6 mln citizens benefited from Tahya Misr Fund in Q1 2023
Some 1.6 million Egyptians benefited from Tahya Misr Fund social initiatives in the first quarter (Q1) of 2023, read a cabinet statement on Monday.
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Egypt advances towards financial decentralization: Experts discuss policy paper
The paper, prepared by a team of experts from the World Bank, was attended by representatives from various ministries.
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Explainer: Why does Egypt need IFC's assistance for its IPO programme?
What does the IFC have to offer? And why did the country seek out the international body for assistance?
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Investment incentives, trade facilitation drive Egypt's business-friendly environment
These advances are in line with the political leadership's priorities of developing and improving Egypt's domestic commerce sector.
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Egypt seen leaving interest rates on hold on Thursday
The MPC also left rates steady at its last meeting on May 18 despite surging inflation.
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Egypt hires private company to develop digital services platform for Egypt's SMEs
MSMEDA partnered with digital platform developer eAswaaq Misr to manage, operate and market Egypt's inaugural online services platform for SMEs.
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CBE Governor: Egypt Sends Clear Message to World about Openness to Investments
The governor stressed that the CBE contributes effectively to the joint efforts made by the various stakeholders.
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IFC signs agreement to advise Egypt's gov't IPO programme
Egypt has signed an agreement with the International Financial Corporation (IFC), the financial arm of the World Bank.
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Egypt’s macroeconomic conditions improving, says minister
The minister told the meeting that the country’s non-oil trade increased by $6.2 billion while tourism revenues surged by 26 percent.
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Egypt: Reefy secures $6.5mln loan from EBRD to back youth-led MSMEs
The loan will be used for on-lending to private micro, small, and medium-sized enterprises (MSMEs) owned or led by youth in Egypt.
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Egypt: Beltone shifts to $1.6mln consolidated losses in Q1-23
Last year, Beltone registered higher consolidated net losses after tax at $8.7 million.
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Sawiris' Orascom Financial receives offer to sell 90% stake
The Sawiris family's Orascom Financial Holding (OFH) has received an acquisition offer for up to 90 percent of its shares by investment management.
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Allianz Egypt renews partnership with Crédit Agricole Egypt for four years
Aims to provide an array of comprehensive insurance services and solutions through Credit Agricole Egypt’s multiple distribution channels.