Finance News
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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.
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Egypt EFG Hermes Holding’s Q1 2023 profit up 157%
Bank said profits grew to $28.58mln despite inflationary pressures and currency devaluation.
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Egypt, Guinea Consider Signing MoC to Prevent Double Taxation, Boost Customs Facilities
This came during a bilateral meeting between the minister and the Guinean Minister of Economy, Finance and Planning Moussa Cissé.
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HDB offers a triple savings certificate with 20% annual return, 18.5% monthly return
The minimum purchase price for the certificates is EGP 100,000, with multiples of EGP 1000.
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Gender equality critical for economic growth in Middle East: Forbes Women’s Summit
Over three days, the Forbes Middle East Women’s Summit held in Saudi Arabia has been shedding light on the leadership role women in the Middle East.
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valU partners with digital real estate co-ownership platform Partment
The properties are fractionalized into up to eight parties, allowing each to own an equal share in the property value and spend 41 nights per year.
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The best Islamic bank in Egypt 2023: Banque Misr
The bank’s Islamic branches provide insurance products in partnership with the Egyptian Tukaful Life Insurance Company.