Finance News
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Egypt moves to double currency swap with China amid regional war fallout
As military tensions continue to reshape the Middle East, Egypt is moving to solidify its financial defenses through deeper strategic cooperation.
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Inside Egypt’s 2026/27 budget: growth targets, surplus goals, and the real economic trade-offs
Egypt’s draft budget for fiscal year 2026/27 is being positioned as a balancing act between growth and discipline.
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Egyptian pound weakens towards EGP53 to the US dollar
The Egyptian pound resumed its downward trend, weakening towards EGP 53 to the dollar after briefly stabilising near EGP 52 ahead of the Eid holidays.
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Only one week left for individual tax filings
She urged taxpayers to adhere to the legal deadlines and take advantage of the free technical support services provided by the authority.
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Egypt drives record foreign investment surge across COMESA region
The report reveals that total FDI inflows into the 21-member bloc reached an unprecedented US$65 billion in 2024.
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Egypt offers low-cost financing to SMEs joining simplified tax system
The finance minister announces subsidized loans for first 100,000 SMEs adopting the simplified tax regime, driving formalization.
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European Commission allocates $9.1mln in aid to Egypt
The EU grants Egypt a €91M aid package supporting economic resilience and development amid regional crisis pressures.
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Egypt Plans to Launch Startup Investment Funds
Egypt and IFC plan startup investment funds with professional governance to ensure sustainable financing and long-term venture success.
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Vodafone Egypt, Taptap Send partner to enable remittances via mobile wallets
Vodafone Egypt has signed an agreement with international money transfer application Taptap Send to enable remittances from more than 30 countries.
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Egypt Deepens Ties with EBRD to Boost Productive Sectors, Economic Competitiveness
The minister met with an EBRD delegation led by Mark Davis to explore ways to deepen strategic cooperation and expand engagement.
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A crisis in Egypt could be a warning sign for the global economy
A financial disruption in Egypt would reverberate not only across the Middle East and North Africa but potentially across global markets as well.
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Egypt to launch economic database to support private-sector growth
The Ministry of Industry is collecting data to create an economic database that will help private-sector businesses plan investments and expand.
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120,000 taxpayers voluntarily join simplified tax system: Finance Minister
Kouchouk praised the open dialogue with “ambitious investors” seeking to expand and grow.
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EU allocates €8 mln to Egypt as part of €450 mln Middle East aid package
The European Commission has allocated 8 million euros in humanitarian aid to Egypt for 2026 as part of a broader 450 million euro package.
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US dollar shatters historic records across Egypt’s banking sector
Dollar hits all-time highs across Egyptian banks amid regional crisis and capital flight pressures on currency.
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What is Egyptian government's plan to absorb economic shocks of war with Iran?
Government unveils comprehensive strategy to mitigate regional conflict's economic impact through fiscal and monetary measures.
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Egypt’s trade deficit widens to $4.9 B in December 2025
Egypt's trade deficit expands to $4.9B in December as import costs rise faster than export growth.
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How do Egypt's New Short-Selling Rules Work?
Egypt introduces short-selling regulations to deepen capital markets and align with international trading standards.
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How the regional war is rippling through Egypt’s economy
Egyptian officials say the government is taking precautionary steps to stabilize markets and protect essential sectors as the crisis unfolds.
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Egypt unveils three-pillar strategy to boost business climate
The first pillar of this strategy focuses on the digital transformation of administrative processes.