Finance News
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Egypt completes second $1bln sovereign sukuk issuance amid regional tensions
Egypt’s Ministry of Finance has completed its second sovereign sukuk issuance, returning to international markets with a $1 billion Shariah-compliant.
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MNT-Halan’s Tasaheel closes Egypt’s first SME-focused issuance worth EGP4.7bln
This transaction aligns with Tasaheel’s strategy to provide financial solutions that promote financial inclusion and drive economic growth.
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Beltone Leasing mobilizes 20 million USD to support sustainable loans in Egypt
The financing is evenly split between the two funds, each providing 10 million USD.
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Amazon Backs Egypt’s Valu with Equity Stake Following EGX Listing
The move comes amid growing international investor interest in Egypt’s financial sector, despite persistent regional macroeconomic headwinds.
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CBE announces bank holidays in Egypt
Sunday that all banks will be closed on Thursday, 26 June, for the Hijri New Year and on 3 July for the 30 June Revolution anniversary.
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Egypt records 77% rise in remittances over 10 months
Between January and April alone, remittance inflows rose 72.3 percent year on year to $12.4 billion, official data from Egypt’s central bank showed.
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Egyptian pound faces short-term pressure but steadies by 2025-end
Egyptian pound outlook, economic trends, interest rate cuts, and inflation forecasts offer crucial insights for businessmen in MENA.
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Talks underway to disburse 2nd tranche of European aid to Egypt, worth €4 billion
Egypt in talks for €4 billion in European aid, focusing on structural reforms to boost competitiveness and attract investment.
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Egypt’s tax reform drive boosts revenues by over third
Egypt's tax reforms boost revenue by 36% through incentives and simplification, with plans for more relief.
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Arab banking sector must strengthen resilience amid geopolitical uncertainty
The Arab banking sector is urged to boost resilience amidst geopolitical uncertainty, focusing on regional cooperation and SME support.
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United Bank rises to 7th among Egypt’s mortgage lenders with EGP 3.2bn portfolio
United Bank is now Egypt's 7th largest mortgage lender, with an EGP 3.2 billion portfolio and a focus on digital services.
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Egypt’s Finance Ministry Honours Talaat Moustafa Group for Tax System Support
Egypt's Finance Ministry honors Talaat Moustafa Group and banks for tax system support, boosting investment.
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Egypt ranks 9th globally among top FDI recipient countries in 2024
Egypt jumps to 9th globally in FDI with $47B in 2024, driven by megaprojects like Ras El-Hekma and investor-friendly reforms.
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Egypt leads Africa in foreign direct investment growth with 373% surge
Egypt tops Africa in FDI with a 373% surge, reflecting investor confidence and economic vision.
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Egypt is tightening control over fintech before it explodes
This isn’t just bureaucracy—it’s a clear message: the era of informal or loosely governed digital payment activity in Egypt is closing.
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Why are so many banks topping Egypt’s biggest companies list?
Egypt’s top public companies for 2025 have been revealed, and one trend is hard to miss: banks are dominating.
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European Parliament Approves €4 Billion in Financial Assistance to Egypt
The European Council is expected to vote on the decision in the coming days, paving the way for the initiation of the disbursement process.
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Egyptian parliament approves of new national budget plan
FY2025/2026 targets real GDP growth of 4.5 percent. This represents a significant increase from the 2.4 percent growth recorded in FY2023/24.
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Egypt targets 4.5% growth amid regional uncertainty
Egypt’s parliament has approved the national budget for fiscal year 2025/26, which begins on 1 July.
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Egypt’s Octane raises $5.2 million to digitize fleet payments across MENA
The new funding will be used to expand Octane’s regional footprint, acceptance network, and AI capabilities, including fraud detection and route opt.