Finance News

Egypt's Nasser Social Bank (NSB) has launched new certificates of deposit (CDs) that offer an annual yield of up to 20 percent.
14.01.2024 | News by Ahram Online

As of December 29th, Egypt held a weight of 0.61% in the Global Diversified Index, as disclosed by JPMorgan.
14.01.2024 | News by African markets

Recorded 33.7 percent in December, down from 34.6 percent in November.
14.01.2024 | News by economy middle east

Since 2022, Egyptian banks have been grappling with the challenge of preserving foreign currency resources amid a server shortage.
Papers by Egypt Business Directory

Mohamed El Etreby, Chairman of Banque Misr, also reported proceeds reaching LE 70 billion since the launch. 
12.01.2024 | News by Egypt Today

The Egyptian government decided to include 61 new companies in its IPO programme, from which exiting could be faster than others.
12.01.2024 | News by Daily News Egypt

The Ministry of Finance expects an increase in the real growth rates of the economy to 4.7%, compared to estimates of 3% in the current fiscal year.
12.01.2024 | News by See news

The figure was slightly higher than the median 33.4% forecast by 14 analysts.
11.01.2024 | News by Reuters

Last month, the IMF appeared to shift its emphasis from the exchange rate to inflation targeting.
11.01.2024 | News by Yahoo Finance

Local private equity firmEzdehar Management has purchased above 80% stake in clothing company SETA Textiles.
11.01.2024 | News by Enterprise

A mission from the World Bank arrived in Egypt on Tuesday for a multi-day visit to discuss the development of the country's State Ownership policy.
11.01.2024 | News by Ahram Online

Egypt has been under index surveillance since September 21, 2023, due to issues related to reported difficulties.
11.01.2024 | News by Egypt Today

The Egyptian government launched in January a comprehensive eight-direction economic strategy for the period 2024-2030.
10.01.2024 | News by Ahram Online

The source added that NBE’s proceeds exceeded LE17 billion, while Banque Misr’s reached about LE15 billion on Monday.
10.01.2024 | News by Egypt Independent

The World Bank downgraded its forecasts for Egypt’s real GDP growth for 2024 to 3.5 percent from 3.7 percent in a previous estimate.
10.01.2024 | News by Ahram Online

 U.S. Treasury Secretary Janet Yellen will meet with top Egyptian finance officials in Washington on Tuesday.
10.01.2024 | News by Reuters

A high-level delegation from the Egyptian government has arrived in Washington DC to push forward Egypt's almost standstill loan programme.
10.01.2024 | News by Ahram Online

The Central Bank of Egypt (CBE) has instructed all banks operating in the country to apply a minimum interest rate of 24 percent on loans.
10.01.2024 | News by Ahram Online

Egypt aims to launch a digital currency issued by the Central Bank of Egypt, represented by the digital pound (E-Pound) by 2030.
09.01.2024 | News by Egypt Independent

The approval is part of a broader initiative to bolster support for fintech startups and promote a business-favorable climate, as per the statement.
09.01.2024 | News by Ahram Online