Finance News
-
Egypt’s FY2021/22 draft budget key highlights, targets
Egypt's FY2021/22 comes amid expectations that Egypt will approach its pre-pandemic growth levels, following a notable slowdown in its real GDP growth
-
Egypt’s economy set for a rebound in 2022
Egypt’s main sources of foreign exchange will remain under pressure as tourism and Suez Canal receipts still struggle amid the pandemic.
-
89% of Decent Life initiative's budget to Upper Egypt
89% of the budget disbursed within the first phase of Decent Life initiative was directed to Upper Egypt so as 334 out of 375 villages get 8.5EGP bln.
-
Egypt economy pandemic losses top $23.6bn, eyeing 7% growth over next three years
Finance minister Mohamed Maait also revealed the country’s deficit for the current fiscal year is about 500 billion Egyptian pounds.
-
Egypt targeting 5.4% real GDP growth, budget deficit decrease to 6.7% in FY2021/2022
FY2021/22 budget revenues are estimated at EGP 1.3 trillion, while expenses are expected to post EGP 1.8 trillion, according to Maait.
-
International partnerships on SMEs
International donor agencies are helping small and medium-sized enterprises in Egypt to alleviate poverty and reduce unemployment
-
US-Egypt Business Council recommends ‘4 Big Ideas’ on bilateral economic ties
Egypt’s energy sector has seen tremendous development in recent years, continues to be major contributor to GDP growth.
-
Egypt, the Netherlands cooperate to support young entrepreneurs
Orange Corners Egypt provides young Egyptian entrepreneurs with the facilities to grow innovative businesses.
-
EBRD President visits Egypt’s business accelerator, Falak Startups
Egyptian government’s efforts to catalyze digitization, innovation is in line with third pillar of EBRD’s new strategy: Al-Mashat.
-
The 6 CBE rules for issuing electronic currencies
The permission is only limited to banks under CBE supervision and upon its consent.
-
Egypt to allocate EGP 1.25 tln for investments in FY2021/22
Investments directed to productive sectors will increase by 125%, for building up people will rise by 70%, and in service sector will go up 30%.
-
NBK-Egypt launches new corporate banking solution
The NBK was founded in 1952 as the first indigenous bank and the first joint-stock company in Kuwait and the Gulf Region; it is considered the largest
-
Taking Egyptian SMEs Online with the CBE Initiative
Egypt is a huge Middle Eastern economy with a population now reaching over 102.33 million, enjoying a period of relative macroeconomic stability.
-
Top 3 players in mortgage finance market in Egypt
These companies offer different options of finance to people who want to own real estate units, whether residential, commercial or administrative.
-
Egypt parliament discusses new budget
Parliament has begun discussing the state’s 2021-22 budget and development plans.
-
EBRD to support Egypt's green and sustainable economy
The European Bank for Reconstruction and Development (EBRD) is one of Egypt’s largest financial partners.
-
Paymob Closes Series A with $18.5m
Paymob was founded in 2015 by Islam Shawki, Alain El Hajj and Mostafa El-Menessy with a vision to revolutionize payments in Middle East and Africa.
-
Egypt’s economy showed high resilience during COVID-19 crisis: EU Ambassador
Berger stated that Egypt has successfully maintained macroeconomic and financial stability while safeguarding those who need it.
-
Egypt's relisting on JP Morgan bond index could attract $4.8bn
Egypt has a combined nominal $28.2 billion in eligible bonds that mature in more than 2.5 years, the minimum amount for inclusion in the index.
-
Egypt 10 power businesswomen 2021
Who are the 10 women who made it to the top of the business scene in Egypt according to Forbes?