Ahmed Khalil

27 Mohamed Said el-Halawany st

Cairo

Egypt

Telephone: +20237497600

AlRowad for securities brokerage.
One of Egypt's leading brokerage firms since 94 owned by banque Misr, Misr insurance, Suez Canal bank & Misr Iran

World Bank raises its growth forecast for Egyptian economy to 4.2% in 2024/25

The bank has lowered its expectations for Egypt's economic growth during the current year to 2.8 percent from its previous estimates of 3.5 percent.

Previously, the limit for ATM withdrawals was EGP 20,000, and for withdrawals from bank branches was EGP 150,000.

Now that the EGP is trading in banks for considerably less than on the parallel market before the float, inflationary pressures have begun to ease.

Investment bank EFG Hermes said the share price was 6.46 Egyptian pounds ($0.3874) per share.

This reflects a growth of approximately 14.4 percent compared to the previous month’s figure of $35.31 billion.

Finance Events

Seamless North Africa 02.07.2024

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