The growth came thanks to an increase in budget revenues by 15.6% during the first quarter of the current fiscal year.
Many central banks abroad have now signaled that inflation rates may have peaked and begun to decline.
The WB announced on Friday $500 million in financing dedicated to expanding and strengthening Egypt’s flagship Takaful and Karama social safety.
Analysts had expected that the MPC would raise the interest rates by a maximum of 2 percent (200 bps) to rein in inflation.
Underlie is an open banking platform, which offers application programming interfaces (APIs) to banks and businesses.
The Central Bank of Egypt (CBE) has set new measures meant to ban the fraudulent and abusive use of credit and debit cards outside the country.
This affirms AXA’s robust strategy during its 7 years in the Egyptian market, providing all insurance products to its customers.
Real Estate Investment Fund 1 signed a deal to purchase commercial real estate assets from Talaat Moustafa Group in Al-Rehab City and Madinaty.
The median forecast in a poll of 12 analysts is for the bank to raise its deposit rate to 15.25% and its lending rate to 16.25%.
It resulted for the first time in efficient plans and initiatives to finance climate action, beside the effective participation of the private sector.
As the country braces for a new devaluation of the pound, the dollar has reached new heights on the black market.
There are many industries within this region, including small industries, food industries, and textiles.
This came during the PM's meeting of the Higher Ministerial Committee for Hajj.
This included $11.1 billion directed to sovereign projects across various economic activities and $2.6 billion for the private sector.
The bank noted that the loan would promote diversification and enhancement of the company’s value chain by adding new suppliers from private sector.
The road offers alternative routes to and from key locations in the 6th of October and Sheikh Zayed cities.
The Egyptian government filed for the new IMF loan in March to address the severe impacts of the Russian-Ukrainian war on the country’s economy.
These projects cover 14 governorates and provide about 250,000 direct and indirect job opportunities.
The 50 most-funded startups in MENA have raised nearly $3.2 billion in combined funding.
Al-Mashat explained that the agreements are distributed at $11 billion in soft development funds.