Finance News
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Egypt to increase salaries and pensions on 1 July: PM Madbouly
Egypt’s PM announces salary and pension increases starting 1 July as part of a new social protection initiative aimed at boosting the economy.
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Egypt’s salary increase is a challenge for businesses and workers
Will this wage hike improve livelihoods, or will it strain businesses, drive inflation, and deepen non-compliance?
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Egypt launches debt-for-investment initiative
Egypt is committed to working with international partners to develop a more comprehensive and flexible global framework.
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Egypt projects 4% growth in 2025 amid strong economic reforms
Panelists during the session addressed disruptions Egypt has faced, notably the 70 percent decline in Suez Canal revenues.
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Fawry launches ‘Fawry Business’
"Fawry Business," is a platform designed to support the digital transformation of businesses across Egypt.
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Egypt’s external debt sees new rise despite Ras al-Hekma deal funds
The country’s external debt rose on a seasonal basis by 1.5 percent during the first quarter of the current fiscal year.
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Egypt annual inflation rate inches down to 24% in January
That is one percentage point higher than the median of 23% forecast of 17 analysts polled by Reuters last week.
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Egypt awaits final approval on fourth tranche of IMF loan
Egypt is awaiting final approval on a $1.2 bil loan tranche from the IMF as part of its fourth program review, following delays in the disbursement.
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Egypt signs $1.6 bln deal with ITFC to finance work programs for 2025
Egypt and the International Islamic Trade Finance Corporation (ITFC) signed a $1.6 billion deal on Monday to finance the annual work program.
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FABMISR’s net profit soars 153% to EGP 26.3bn in 2024
Loans surged 64% and deposits grew 29%, underscoring strong financial growth.
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Banque du Caire leads $75m consortium to finance Cheiron Egypt Delta’s gas field development
A $75 million loan led by Banque du Caire will help fund 45.5% of Cheiron Egypt Delta's $165 million gas field project.
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Egypt prioritizes macroeconomic stability, private sector growth: Al-Mashat
Egypt is focused on boosting macroeconomic stability and private sector growth.
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EGX back in the green amid regional buying to add LE 14.9B to market cap.
Pushed by regional investor purchasing, the Egyptian Exchange (EGX) was able to rally and close on a positive note this Thursday.
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Madbouly: Preparing for economic uncertainty is a top priority for Egypt’s government
The Egyptian government is taking proactive measures to prepare for the worst-case scenario, given the rapidly evolving global and regional events.
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Egypt awaits IMF decision on $1.2 billion loan disbursement
IMF's Executive Board to review and discuss Egypt's $1.2 billion loan disbursement soon, says spokesperson Julie Kozack.
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Egypt net int’l reserve increases again in January to $47.26 bln: CBE
The net international reserve (NIR) continued to increase in January, reaching $47.26 billion, up from $47.1 billion posted by the end of Dec 2024
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Is Egypt ready for economic uncertainty?
Egypt's government under the leadership of Prime Minister Mostafa Madbouly, is taking a proactive stance to prepare for potential financial turbulence
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Egypt, EBRD establish €10M fund to boost private sector involvement in infrastructure
Prime Minister Mostafa Madbouly emphasized that this agreement is a major step toward increasing private-sector engagement.
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Egypt CBE hosts FSB Regional Consultative Group meeting for MENA
Hassan Abdalla, governor of the CBE, and Ayman Alsayari, governor of the Saudi Central Bank (SAMA), led the event.
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Egypt targets $115.8 bln in annual exports by 2030
Egypt aims to increase its annual exports to reach $115.8 billion by 2030, Prime Minister Mostafa Madbouly said on Tuesday.