Finance News
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Financial position of banks in Egypt rises to EGP 22.039trn in February 2025
Egypt’s banking sector hits EGP 22.039 trillion in assets, driven by rising deposits and credit facilities, signaling robust financial system growth.
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How did Egypt achieve its biggest budget surplus since 2005?
There’s a long road ahead, and the risks remain real. But this fiscal year didn’t just exceed expectations. It rewrote them.
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Egypt issues first continent-wide investment study for Africa
Egyptian investments in Africa have already topped $14 billion, and the country is showing no signs of slowing down.
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Egypt Achieves 3.1 Percent Primary Surplus Highest Since 2005
Kouchouk emphasized that Egypt’s economy is showing clear signs of improvement, with the private sector playing a leading role in the recovery.
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Sisi Allocates 174M sqm of State Land to Support Debt Reduction and Sovereign Sukuk Plans
According to data reviewed by Al Arabiya Business, Egypt's external debt declined by $111 million in Q4 2024, settling at $155.09 billion by year-end.
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Egypt launches first comprehensive study on investment in Africa
Egypt’s investments in Africa currently exceed $14 billion, according to previous remarks by Foreign Minister Badr Abdelatty.
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Banking sector sees local liquidity climbing in April
The money supply declined slightly, reaching LE 3.170 trillion in April, compared to LE 3.209 trillion in the previous month.
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Three real estate platforms seek FRA licensing for investment funds
FRA greenlights Nawy, SAFE & Saqr to form real estate investment funds, digitizing assets & protecting investors.
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USD/EGP exchange rates edge down on Wednesday
USD/EGP fell to EGP 49.59/49.69 today, maintaining stability just under the EGP 50 mark, a confidence signal for investors.
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Finance Minister Ahmed Kouchouk recognized as Africa’s Finance Minister of the Year by African Leadership Magazine
Egypt’s Finance Minister, Ahmed Kouchouk, was named Africa’s Finance Minister of the Year for bold fiscal reforms.
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Silver bullion booms in Egypt amid global hype
Egyptians turn to silver bullion as investment, with prices up ~50% since January 2024—seen as hedge and wealth-building asset.
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Gold prices in Egypt drop on Wednesday
Egypt’s gold prices fell across karats: 24K at EGP 5,337.25, 22K at EGP 4,892.50, etc., reflecting local softness.
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Egyptian Remittances Reach $26.4 B, 82.7 Percent Surge in FY2024/2025
Egypt sees a historic 82.7% surge in remittances, reaching $26.4B — a critical boost for the economy and a sign of growing expat financial influence.
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MENA startup funding grows in May as Egypt rebounds
MENA startups raise $289M in May across 44 deals, with equity dominating; Egypt’s tech scene shows strong rebound and growing investor confidence.
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Egypt’s headline inflation rate accelerate in May
Egypt’s inflation rises to 16.5% in May, up from 13.5% in April, signaling ongoing economic pressure and challenges for consumers and businesses.
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Egypt’s net foreign reserves hit $48.52bln end-May
Egypt’s foreign reserves rise to $48.52B in May, signaling growing economic stability and stronger financial positioning amid global market shifts.
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Egypt’s inflation surges at fastest pace this year in May
Egypt’s urban inflation rate saw its fastest acceleration of the year in May, reaching 16.8 percent year-on-year, up from 13.9 percent in April.
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Remittances from Egyptians abroad register record $26.4 bln
According to the CBE, this represents an unprecedented rise compared to the $14.4 billion recorded during the same period of FY2023/2024.
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Ahmed Kouchouk recognized as Africa’s Finance Minister of the Year
The recognition highlights Kouchouk’s “visionary economic stewardship” and his role in implementing bold fiscal reforms.
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Huawei hosts Cloud Fintech Summit Egypt 2025
Flexus offers affordable deployment, scalable computing, and lightweight databases for SMEs.