Finance News

Egypt’s net foreign assets (NFAs) deficit jumped to LE 755.68 billion in March 2023, according to a previous report.
07.06.2023 | News by Egypt Today

Egypt faces an increasingly tough task raising cash for foreign debt repayments after external borrowing quadrupled over the past eight years.
07.06.2023 | News by Reuters

The Federation’s Board of Directors has 13 members representing all activities operating in the stock market.
07.06.2023 | News by Daily News Egypt

The memo aims at providing suitable and sustainable job opportunities via the development and boosting of the sector of SMEs.
07.06.2023 | News by Egypt Independent

Egypt will not take out new loans unless they are on soft terms and only for compelling developmental needs, Minister of Planning said.
06.06.2023 | News by ahram online

During his show “al-Hekaya” (The Story), on MBC Masr on Saturday, Adib said that there must be US dollar vessels to attract Egyptians abroad.
06.06.2023 | News by Egypt independent

Egypt’s PMI (Purchasing Manager’s Index) witnessed a slight climb in May to reach 47.8 from April’s 47.3.
06.06.2023 | News by Egypt Today

The decline in Egypt's non-oil private sector slowed down in May, as demand stabilized and inflation eased, S&P Global Egypt PMI.
06.06.2023 | News by ahram online

Currently, the official dollar exchange rate is at around 30 Egyptian pounds, while on the black market, it trades for as high as 38-40 EGP.
Papers by Egypt Business Directory

Remittances by Egyptians working abroad plunged by 23 percent during the first half (H1) of the fiscal year 2022/2023, declining to $12 billion.
05.06.2023 | News by ahram online

The CBE’s statistical bulletin showed that the debt burden service was divided into paid installments of $5.843 billion, and paid interest of $1.311bn
04.06.2023 | News by Egypt independent

CBE paid about $7.154 billion by the end of Q2 2022/23, representing installments and interests for outstanding debts.
03.06.2023 | News by See news

Increasing the private sector’s participation is a state priority, the Sovereign Fund of Egypt (TSFE) head was reported by local media as saying.
03.06.2023 | News by Egypt Today

Egypt’s interest in the BRICS alliance has risen over the past two years. This is in part due to the speculations of a new currency.
03.06.2023 | News by modern diplomacy

Fawry is an e-payment platform in Egypt, serving the banked and unbanked population.
03.06.2023 | News by ibs intelligence

Egypt's banking market includes 14 banks authorized by the Central Bank of Egypt to offer Islamic products.
02.06.2023 | News by egypt today

The report added that recent bank defaults could lead to increased global financial instability and exacerbate capital outflows from the continent.
01.06.2023 | News by See News

The government aims to collect $83 billion in foreign currencies during FY 2023/24 through four streams, according to an official statement.
01.06.2023 | News by ahram online

Egypt leads African countries in terms of obtaining development funds in 2021, at a value of $8.2 billion.
01.06.2023 | News by See News

Egypt has been working towards meeting clearinghouse Euroclear’s conditions since signing an agreement in 2019.
01.06.2023 | News by Egypt Today