Finance News
-
CBE Launches New Website
The action is consistent with both international best practices and the Central Bank of Egypt's (CBE) ambition to stay current with technology.
-
IMF Prepares for First Review of Egypt's Programme
Among the main commitments Egypt made for the loan were a permanent shift to a flexible exchange rate regime and wide-ranging structural reforms.
-
HSBC report expects significant rise in interest rates in Egypt
Report issued by HSBC expects the Central Bank of Egypt to raise the interest rate by 3 percent at the Monetary Policy Committee meeting end of March.
-
Competitive neutrality increases investments, enhances economic growth: Egypt
The economic policy of the Egyptian state is based on supporting a competitive environment for economic activities.
-
Egypt becomes a member of the BRICS New Development Bank
Joins the original five members plus Bangladesh and UAE in acquiring a position within the BRICS bank equity
-
World Bank agrees $7 bln, 5-year partnership with Egypt
The agreement will focus on boosting private sector jobs, provision of better health and education services, and adaptation to climate change.
-
IFC invests $25m in Africa-focused private equity fund to support women entrepreneurs
It will make an equity investment of up to €25 million in the Mediterrania Capital Partners’ Mediterrania MC IV fund.
-
Egypt’s Faisal Islamic Bank taps iGCB to power its digital banking services
The bank is set to deploy iGCB’s cloud-native CBX Retail (CBX-R) solution to modernise and expand its offerings.
-
Egypt takes measures to counter high demand for US dollar
The Egyptian government is trying to counter high demand for US dollar via new sources of foreign currency.
-
Egypt’s parliament approves grant agreement on inclusive economic governance worth $26M
The total grants directed to the comprehensive economic governance program become about $77.5 million.
-
Egypt’s Macro Environment will Create $500 Million in New Investment Opportunities in Two Key Sectors
Non-bank lending and payments offer the best investment opportunities in Egypt’s current macro environment.
-
Paymob Teams With IKEA Egypt to Offer More Ways to Pay
Consumers will get the convenience of paying for purchases over time and gain more control over their spending.
-
Egypt calls on African countries to support its ‘Sustainable Debt Coalition’ initiative
The ‘Sustainable Debt Coalition’ initiative was launched by Egypt during the 27th edition of the UN Climate Change Conference (COP27).
-
Egypt amends its rules on VAT for non-resident suppliers in e-commerce transactions
The electronic distribution platform is conditionally not responsible for collecting taxes and remitting them to the Egyptian Tax Authority (ETA).
-
PM: State gives top priority to supporting micro projects sector
He also drew attention to the numerous initiatives which support the micro projects sector.
-
New working hours for banks during Ramadan
The Central Bank of Egypt (CBE) has announced the banks’ working hours during the holy month of Ramadan, which is expected to start on Thursday.
-
Egypt Targets 5% Growth in FY2023/24 Budget- Finance Minister
Mohamed Maait, the Egyptian Minister of Finance presented the most important final indicators for the draft budget for the next fiscal year 2023/24.
-
Egypt's parliament approves LE 65B additional allocation in 2022/23 general budget
According to the draft law, the new allocation will be covered by borrowing, issuing securities, stocks and other sources of local and foreign.
-
Egypt’s futures surge to all-time high, surpassing EGP 40 per $1
Egypt’s undeliverable futures recorded an all-time high on Monday, posting EGP 40.25 per $1, up from EGP 39.39 at the opening hour.
-
Exoskeleton Startup Cosmos Bionics Strikes a Deal on Shark Tank Egypt
In addition to successfully securing an offer, the Cosmos Bionics presentation introduced lower-body exoskeleton technology to North Africa.