Finance News
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Egypt advances towards financial decentralization: Experts discuss policy paper
The paper, prepared by a team of experts from the World Bank, was attended by representatives from various ministries.
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Explainer: Why does Egypt need IFC's assistance for its IPO programme?
What does the IFC have to offer? And why did the country seek out the international body for assistance?
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Investment incentives, trade facilitation drive Egypt's business-friendly environment
These advances are in line with the political leadership's priorities of developing and improving Egypt's domestic commerce sector.
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Egypt seen leaving interest rates on hold on Thursday
The MPC also left rates steady at its last meeting on May 18 despite surging inflation.
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Egypt hires private company to develop digital services platform for Egypt's SMEs
MSMEDA partnered with digital platform developer eAswaaq Misr to manage, operate and market Egypt's inaugural online services platform for SMEs.
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CBE Governor: Egypt Sends Clear Message to World about Openness to Investments
The governor stressed that the CBE contributes effectively to the joint efforts made by the various stakeholders.
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IFC signs agreement to advise Egypt's gov't IPO programme
Egypt has signed an agreement with the International Financial Corporation (IFC), the financial arm of the World Bank.
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Egypt’s macroeconomic conditions improving, says minister
The minister told the meeting that the country’s non-oil trade increased by $6.2 billion while tourism revenues surged by 26 percent.
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Egypt: Reefy secures $6.5mln loan from EBRD to back youth-led MSMEs
The loan will be used for on-lending to private micro, small, and medium-sized enterprises (MSMEs) owned or led by youth in Egypt.
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Egypt: Beltone shifts to $1.6mln consolidated losses in Q1-23
Last year, Beltone registered higher consolidated net losses after tax at $8.7 million.
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Sawiris' Orascom Financial receives offer to sell 90% stake
The Sawiris family's Orascom Financial Holding (OFH) has received an acquisition offer for up to 90 percent of its shares by investment management.
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Allianz Egypt renews partnership with Crédit Agricole Egypt for four years
Aims to provide an array of comprehensive insurance services and solutions through Credit Agricole Egypt’s multiple distribution channels.
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Egypt 7th in remittances from workers abroad in 2022: World Bank
Remittances are highly complementary to government cash transfers and essential to households during times of need.
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Egypt's GAFI ranks 1st among 74 IPAs worldwide in WAIPA report's EGS Practices index
GAFI won early in May for the fifth year in a row the first place, in the MENA region, in the 12th edition of the Annual Investment Meeting (AIM 2023)
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Egypt's 11-month primary surplus 1.2% of GDP: Finance minister
Egypt's primary budget surplus was 1.2 percent of GDP during the first 11 months of the current fiscal year (FY2022/23), which ends 31 June.
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Finance Minister: Egypt mobilizes all capabilities to increase investment
Egypt mobilizes all its capabilities to prop up investment and local production, affirmed Finance Minister Mohamed Maait.
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Egypt’s central bank auctions $1.27bln debt instruments
The CBE issued another tranche of T-bills amounting to EGP 23 billion which carries a 364-day tenor until 18 June 2024.
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Forbes: Egypt Top 50 Companies Market Value Rises to $30.4 Billion
Net profits fell 8.9% to $4.9 billion, and total assets declined 23.3%, from $142 billion at the end of 2021 to $109.2 billion at the end of 2022.
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Egyptian bank assets rise 14 percent in first three months of 2023
Egyptian bank assets increased by 14 percent to nearly EGP 13 trillion ($420.71 billion) during the first three months of 2023.
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Investment file is Egypt’s top priority during current phase: PM
The investment file is Egypt’s top priority during this stage, affirmed Prime Minister Moustafa Madbouly.