Finance News
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Job Offer: Senior Payroll Specialist
Minimum experience 3-5 Years in payroll is a must.
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Egypt’s state-owned e-finance to go public
The offering is anticipated to include a primary issue and sale of up to 177 million ordinary shares on the EGX.
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EBRD hands NBKE $25 mln loan to support Egypt’s energy
It also clarified that the European Union (EU) will support the financing to NBKE with up to €2.5 million of EU funds.
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Egypt top country in mergers and acquisitions
Egypt ranked third after the US and the UK in terms of M&A deal volume and first in outbound deals.
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Egypt’s external debt jumps to $134.8 bln
The general government remains the main obligor of all debts, accounting for around 59.7 percent of Egypt’s external debt, as it rose by $11.1 billion
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Commodity Exchange to start operation in Q1 2022
The Commodity Exchange has been established within the framework of the state’s plan to develop internal trade.
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Egypt to invest EGP 43bln in power sector
The power sector is a good indicator for the development of the whole economy as all the other sectors depend on it for their operation.
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Reda Abdel Kader appointed head of tax authority
Finance Minister Mohamed Maait appointed Reda Abdel Kader Gharib as the head of the Egyptian Tax Authority.
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Faisal Islamic Bank of Egypt's business volume reaches $8.02bln
The business volume of Faisal Islamic Bank of Egypt (FAIT) reached EGP 125.835 billion by the end of June 2021.
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Top 6 Fitch predictions about Egypt economy
The American credit rating agency stated that the Egyptian economy is among a few to managed to achieve an annual growth despite the COVID-19 pandemic
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Egypt signs €57.7m agreement with Germany
This will go to launching 6 projects covering sectors of energy, administrative reform, technical education, vocational training, and water resources
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FBG tops Egypt’s brokerage ranking in July with 30.2% market share
Financial Brokerage Group (FBG) led the brokerage ranking in Egypt during July, with a market share of 30.2%. Hermes Securities Brokerage came second.
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Job Offer: General Accountant - Real Estate
Proficiency in dealing with MC Excel programs, including Pivot Tables and Vlookups, plus 3 years of experience are required.
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Sisi to develop public business sector
President Sisi directed Minister of Public Business Sector Hisham Tawfiq to proceed with efforts to develop companies of the public business sector.
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Egypt economy grows amid the pandemic
Egypt’s economy has been doing well despite the coronavirus pandemic and should continue on the same path.
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Sisi approves law on FY 2021/22 state budget
the public expenditures for the FY 2021/22 stood at about $157.0 billion while the state's revenues are estimated at about $88.8 billion.
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Egypt to launch 3rd stage of exporters support programme
Finance Minster Mohamed Maait said that the action comes in implementation of President Abdel-Fattah El-Sisi’s decision to back exporting companies.
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Financial positions of banks rise by EGP 532bn
Capital at banks amounts to EGP 177.92bn, reserves register EGP 347.826bn, provisions score EGP 165.588bn in Q1 of 2021: CBE.
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Egypt Takes on Sukuk
Egypt is getting ready to offer its first sovereign bonds (Sukuk), almost the first of its kind for the country, following parliament’s approval.
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Egypt, UAE central banks ink MoU
According to the MoU, the two central banks will cooperate in fields of licenses & the ownership structures of the licensed financial institutions.