The Central Bank of Egypt (CBE) auctioned EGP 40 billion ($1.3 billion) in treasury bills (T-bills) in two maturities on Tuesday.
05.07.2023
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News by
Ahram Online
To curb inflation, which hit record levels, reaching about 40.3% last May, the Central Bank of Egypt raised the interest rate by 10%.
04.07.2023
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News by
Daily News Egypt
Withdrawals reached their climax on Sunday, June 25, with more than 1.6 million withdrawals at an amount of EGP 4.22 billion pounds in one day.
04.07.2023
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The Gulf Cooperation Council markets accounted for 21% of global subscriptions in 2022, compared to only 2% in 2021.
04.07.2023
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News by
Daily News Egypt
Egyptian businessman Naguib Sawiris turned heads after a tweet he posted regarding the solution he sees for the losses of companies.
03.07.2023
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News by
Egypt Independent
Egypt's new budget for FY 2023/24 takes effect on 1 July, with higher revenues and expenditures forecasted by the government.
02.07.2023
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Ahram Online
Also stationed in Cairo, financial service Paymob was founded in 2015 and has 40 payment methods available for businesses to choose from.
02.07.2023
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healthcare digital
When Egypt agreed a $3bn, 46-month financial support package with the IMF back in December, it vowed to adopt a flexible exchange rate regime.
02.07.2023
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News by
the africa report
Egypt is allocating EGP 202 billion ($6.54 billion) of its budget for the fiscal year 2023/24 to pensions, a six percent increase compared to 22/23.
29.06.2023
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News by
Ahram Online
The minister added that the Treasury and Mint Authority witnessed during the past few years an unprecedented boom in the field of "digitization".
29.06.2023
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Inflation remains a major concern for Egyptians and will lead to a sharp rise in borrowing costs, warned Fitch Solutions, one of the Fitch Ratings com
28.06.2023
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News by
Egypt Independent
For the bank’s Head of the SMEs and Microfinance Sector Amr Demerdash, the agreement is part of Banque Misr’s strategy to support projects.
28.06.2023
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News by
North Africa Post
The parliamentary report confirmed that the state’s plan aims to stimulate commodity exports to exceed $58 billion in 2024/23.
28.06.2023
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News by
Egypt Today
The Central Bank of Egypt (CBE) pumped EGP 2 billion of the new 20 paper banknote, ahead of the Eid al-Adha holiday.
27.06.2023
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Egypt is considered the first African country to issue panda bonds on the Chinese market and it plans to raise the equivalent of $500 million.
27.06.2023
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Egypt Today
The official stressed that the accession of Egypt, led by the Central Bank and with the participation of a number of commercial banks.
27.06.2023
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Earlier this year, the Ministry of Finance launched the sixth phase of the immediate cash payment initiative with planned investments worth LE 10bn.
26.06.2023
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News by
Egypt Today
Remittances are a crucial source of income and foreign currency in Egypt, often serving as the only financial safety net for low-income households.
26.06.2023
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News by
Zawya
The partnership aims to connect Egypt’s and Saudi Arabia’s startup and entrepreneurship market and also help in mobilizing resources and expertise.
26.06.2023
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News by
Egypt Today
Morgan Stanley Capital International (MSCI), an investment research firm, recently released a report discussing the potential reclassification.
26.06.2023
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News by
Egypt Today
