Finance News
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Egypt appreciates EP decision on 2nd tranche of EU's financial support package
The approval of the second tranche also acknowledges Egypt’s vital role in promoting peace and stability in the Middle East.
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Transfer and inquiry fees implemented on InstaPay starting Tuesday
New fees for transfer and inquiry services on the “InstaPay” application have come into effect on Tuesday, April 1, 2025.
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EGX trading sees Egyptian purchases pull indices upwards to close March trading in the green
Benchmark index EGX 30 was up during today’s session, rising 0.89 percent to end with 32,026.14 points.
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Egypt’s FY2025/2026 draft budget revenue expected to reach EGP3.1TN
During FY2025/2026, the government aims to achieve a primary surplus of EGP 795 billion, equivalent to 4 % of GDP.
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CBE launches annual Women’s Financial Inclusion Event
The Central Bank of Egypt launches its annual Women's Financial Inclusion Event, promoting financial products and services tailored to women's needs.
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WE, CIB forge strategic partnership to deliver cutting-edge digital financial services
WE and CIB form a strategic partnership to offer innovative digital financial services, enhancing customer experience and financial inclusion.
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External debt fell by $111 million in Q2024 XNUMX
Egypt's external debt decreased by $111 million in Q4 2024, reflecting improved fiscal management and economic stability.
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Planning Minister partakes in WFP roundtable on debt swaps for development
Egypt's Planning Minister participates in a WFP roundtable discussing debt swaps for development, aiming to enhance economic growth and sustainability
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Gold prices in Egypt fall on Thursday
Gold prices in Egypt decline, reflecting market adjustments and economic factors influencing precious metal investments.
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Egypt’s economy expands 4.3% in second quarter
The improved performance reflects the government’s fiscal and monetary adjustments alongside a reduction in public investment.
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Egypt targets 19% increase in revenues in upcoming FY2025/26
Egypt eyes revenues amount to EGP 3.1 trillion, reflecting an annual growth rate of 19 percent, while expenditures are expected to reach EGP 4.6 tril.
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Egypt Approves FY2025/2026 Draft Budget
The proposed budget reflects the government's efforts to strike a balance between expanding social support and maintaining fiscal responsibility.
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InstaPay to apply charges starting 1 April
IPN offers a convenient and efficient alternative to cash payments, providing 24/7 instant transfer services to all bank customers.
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Egypt CBE sells T-bills worth EGP 141.2 bln
The Central Bank of Egypt has announced a significant treasury bills (T-bills) sale, totalling approximately EGP 141.2 billion (almost $3 billion).
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GAFI, Mashreq Bank ink deal to attract foreign, local investments
GAFI and Mashreq Bank ink a deal to boost cooperation, attract foreign and local investments, and enhance Egypt's business climate.
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Gold prices surge 5.9% since early March amid market uncertainty
Gold prices surged 5.9% since early March, reaching record highs amid market uncertainty and geopolitical tensions.
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MNT-Halan Receives FRA Approval to Implement E-KYC and Digital Contracts in Egypt
MNT-Halan receives FRA approval to implement e-KYC and digital contracts in Egypt, enhancing fintech services and regulatory compliance.
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Tax filing deadline extended to first working day after Eid al-Fitr
Abdel Aal urged all taxpayers and registrants to submit their tax returns electronically via the designated platform.
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Soaring prices push Egyptians to gift everyday goods this Ramadan
As Ramadan, Eid Al-Fitr, and Mother’s Day converge, Egyptian families prioritize home appliances and ready-made clothing over traditional gold gifs.
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FRA Approves Fintech Integration for Three Brokerage Firms
This decision marks a significant milestone in modernizing Egypt’s capital market by enabling these companies to leverage fintech solutions.