Finance News
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Egypt allocates LE1 billion in state funds to develop slums
The amount is part of LE6.85 billion in targeted investments for local development programmes.
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Euromoney 20th annual conference comes to Cairo
Minister of Finance confirmed to open 20th annual Euromoney Egypt Conference on September 7-8.
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Egypt's "Last-minute" Budget
In this comprehensive report N Gage consulting analyses Egypt's 2015/2016 budget and evaluates last year's performance.
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Egypt recovers $1.5bn in tax evasion cases
Egypt recovers LE12.1 billion ($1.5 billion) in tax evasion cases and retrieves land from business tycoon Hussein Salem.
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Kuwait's Al-Salam to list on Egypt exchange
The investment company listed on the Kuwait and Dubai exchanges tried unsuccessfully to offer depository receipts on the Egyptian bourse since 2013.
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PayPort- Online payment management
Is a state-of-the-art electronic payment software which offers you a convenient, easy and economic way to collect online payment for your services.
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Egypt's bourse, banks to close on Thursday for July revolution anniversary
Trading will resume on the following Sunday, the stock exchange said in its statement.
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CBE to resume issuing dollar sale tenders to banks Tuesday
Stability of US dollar rate against Egyptian pound stands between EGP 7.78 and EGP 7.83 in banks and at EGP 7.88 at exchanges.
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7 reasons led to CBE’s EGP devaluation against dollar in 2 days
Limiting imports and attracting foreign investments are main reasons for making this decision.
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Egypt's Beltone Financial to seek $25.5 mn in August share sale
Head of investor relations: Beltone would offer shares from Aug. 2 until Aug. 31 on the Egyptian exchange.
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Kuwait bank NBK targets Egypt growth
NBK originally bought into the North African country in 2007 and now has around 30 branches mostly in Cairo and Alexandria, according to its website.
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Moody's upgrades Egypt's banking system's outlook to stable
Moody's expects those changes to lead to rising consumer confidence and more business investments, which would increase loan growth from banks.
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Legal & General exits Egypt unit after 17 years
The company is selling its Egyptian business to its rival Axa for around $97.5m.The deal closes by the end of this year.
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Egypt Keeps Pound Steady On Official Market
The Egyptian central bank kept the pound at a steady rate of 7.73 pounds to the dollar in a central bank auction.
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Egypt's annual core, urban inflation drop in June
Urban consumer inflation dropped to 11.4 percent from 13.1 percent in May, official statistics agency CAPMAS said.
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Egypt's Banque Misr to raise $500 mn via bond sale
Banque Misr, Egypt's second-largest state bank, plans to raise $500 million via a dollar-denominated bond on international markets within three months
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Egypt stocks oust colombia’s as year’s worst on dollar drain
There’s nothing new about Egypt’s dollar shortage. What’s different now is it’s battering the stock market.
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Egypt’s pound stable at 7.73/dollar on official Market
CBE: Egypt’s pound held steady at 7.73 per dollar for a second time in a central bank foreign exchange auction.
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Egypt collects LE267 billion in tax revenues during FY2014/2015
Egypt says it has collected '90 percent of projected tax revenues in FY 2014/2015'.
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Egypt's pound steady after earlier depreciation
Egypt's central bank held the Egyptian pound steady at 7.73 pounds to the dollar at a regular forex auction.