Finance News
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Egypt dominates Forbes Top 30 Fintech Companies 2023 List
8 Egyptian Fintech companies are on Forbes' list of 30 top Fintech companies in 2023, here they are with a brief history of each.
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Maait: Egypt Proceeds Steadily in Implementing IMF Reform Programme
Maait pointed out the implementation of a comprehensive package of policies aimed at stabilizing macroeconomic performance indicators.
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World Bank to finance Egypt with $7 bln over 6 years
The World Bank's latest program within a framework of cooperation with Egypt is for the disbursement of US$7 billion to the country over 5-6 years.
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Egypt, World Bank discuss preparations for launching country strategy 2023-2027 in May
The discussions dealt with the issue of strengthening the role of the World Bank in the field of financing development and climate action.
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Egypt's Al-Mashat Participates in World Discussions on MDB Reform to Finance SDGs
The meeting was held in light of the great importance of MDBs in financing the SDGs, in facing the complex challenges.
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Maait: We look forward to launching sustainable debt coalition in Egypt
Finance Minister Mohamed Maait said soft climate financing can be a new developmental locomotive for emerging economies.
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IMF Chief says Egypt may need to slowdown projects to avoid macroeconomic instability
The IMF’s projections for Egypt’s GDP growth fall below the Egyptian government target of 4.1% GDP growth target in fiscal year (FY) 2023/24.
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Local currency devaluation affects GDP growth in Egypt
Ahram Online also asked Malpass about his perception of Egypt’s recent efforts to raise the private sector’s share in the local economic activity.
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Finance min. calls for promoting int’l efforts to secure innovative financing alternatives
The “National Climate Change Strategy 2050” included the social protection of citizens against natural disasters, Maait said.
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Al Tadamun Microfinance Foundation launches its first mobile branch in Egyptian market
Al Tadamun Microfinance Foundation provides many diverse financing products that suit different segments of society.
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Egypt has been taking bold monetary policy actions to confront economic challenges: CBE Governor
However, core inflation rate fell below 40 percent in March, according to the latest figures released by the CBE.
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Egypt faces problems hindering first review of its loan programme: IMF’s Managing Director
Gerogieva said that the IMF is committed to supporting a more inclusive and effective debt resolution process.
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Misr Technology Services to be offered on EGX in 2024
Misr Technology Services (MTS) will be one of the companies to be offeMTS is the technical arm of the Minred on the Egyptian Exchange (EGX) next year.
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A cooperation agreement between "ADIB Egypt" and "New Avenue"
This agreement comes in light of the strategy of "ADIB Egypt", which is to provide banking solutions and financing methods.
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Official gazette publishes PM’s decision on minimum wages of civil servants
PhD holders should receive a minimum of 7,000 pounds per month, while employees with a master’s degree should get 6,000 pounds monthly.
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Source details top countries behind capital inflow in Egypt since 2014
The largest share belongs to the UAE, and that is 57.22%, followed by Bahrain 9.41%, the Netherlands 9%, then Italy and Saudi Arabia.
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Egypt's Non-oil Exports Grow by 12% to $30.4 Billion
Exports of manufactured goods for engineering and electronics amounted to about $3.077 billion, and agricultural crops amounted to $2.601 billion.
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'High financing costs & EGP depreciations’ behind lowering growth forecast for Egypt: IMF
The IMF also downgraded its expectations for the country's real GDP growth in 2024 to 5 percent from the 5.3 percent it had projected in January.
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Egypt’s Membership Of BRICS: Opportunities and Prospects
BRICS countries possess about 26% of the global land area, and about 42% of the world’s population.
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Egypt's urban inflation approaches its all-time high in March at 32.7%
Egypt is witnessing an inflationary wave that has been accelerating almost every month since the beginning of 2022.