Finance News
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Why is Egypt ranking on investor confidence index important?
It's the first time the report has a separate ranking for emerging markets, and Egypt being on it is very significant.
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Egypt Prepares to Launch Investment Company for Expatriates Abroad
PM Mostafa Madbouly held a meeting Sunday to review the features of the proposal submitted by a number of investors abroad.
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Parliament’s Plan Committee nods to raising income tax exemption limit
Raising the income tax exemption aims at saving state costs of nearly EGP 10 million.
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First Abu Dhabi Bank Egypt launches ‘Access’ portal for electronic payments
The “Access” portal is the latest electronic payment solution that suits the needs of all business categories.
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Head of Egypt’s central bank calls on AfDB to expand concessional loans to member states
Governor of the Central Bank of Egypt (CBE) Hassan Abdallah urged on Friday the African Development Bank (AfDB) to increase its lending to members.
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Egypt has integrated, full-disclosure programme to attract private sector investment
The private sector had, over the past decades, a dominant share in the gross domestic product, ranging from 70 to 80%. That is until 2011.
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INTERVIEW: Confronting global crisis ‘not an easy matter’ for Egypt
Feried Belhaj, vice president for the Middle East and North Africa at the World Bank, discussed the ongoing crises impacting the global economy.
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Egypt’s Intella relocates headquarters to Saudi Arabia after KSA’s AI boom
Kingdom is becoming a hub for tech companies, says Intella CEO and founder Nour Taher.
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CFI Egypt officially launches in Cairo
The move brings CFI's mastery and expertise as a world-renowned online trading provider to the vastly expanding country of Egypt.
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Qatar committed to investing $5 bln in Egypt: Finance minister
Qatar is committed to injecting $5 billion of investments into the Egyptian economy as was promised last year.
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AfDB expects Egypt's GDP growth at 4.8 percent for FY 2023/24
Egypt's GDP growth is expected to increase to 4.8 percent in FY 2023/24, up from 4.4 percent in the current FY.
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MFS Africa wins top fintech award in Egypt
The Fintech of the Year award also acknowledges MFS Africa’s dedication to transforming the financial sector in Africa.
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Egypt’s SCZone, Chinese companies sign $487 million deals in energy, textiles, petrochemicals, bromine in Ain Sokhna
Gamal El Dien said TEDA-Egypt signed an agreement with China's Hidier Group for establishing several projects.
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Egypt must face reality and reform to build on its success stories
The need is to transform the minority of successful Egyptian companies into an overwhelming majority.
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NileSat posts 2.8% YoY higher profits in Q1
NileSat is an Egypt-based public shareholding company.
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Africa Investment Forum showcases $1.475bn in green energy deals at AfDB 2023 annual meetings
The Africa Investment Forum presented four projects to investors during the 2023 annual meeting of the African Development Bank Group.
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AfDB expects Egypt's GDP growth at 4.8 percent for FY 2023/24
Egypt's GDP growth is expected to increase to 4.8 percent in FY 2023/24, up from 4.4 percent in the current FY, according to the African Economic.
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Egypt ranks 14th among world's most attractive emerging markets
Egypt ranked 14th among the world's top attractive and trusted emerging markets for foreign investments, ahead of Turkey, Morocco, South Africa.
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Al-Sisi calls on multilateral finance institutions to reconsider soft loan criteria, conditions
This came in the speech delivered by the President during the opening of the Annual Meetings of the African Development Bank Group in Sharm El-Sheikh.
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Egypt seeking concessional loans to fund healthcare, education & food security programs
Egypt is seeking concessional loans from regional and international development partners to ensure sustainable spending.