Finance News
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Egypt's central bank expected to cut rates by 175 bps
The median forecast of 16 analysts was for the central bank to cut the deposit rate to 23.25% and the lending rate to 24.25%.
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MaxAB-Wasoko deepens Egypt footprint with Fatura acquisition
Fatura’s marketplace is expected to contribute 25% of MaxAB’s Egypt revenue by year end.
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MSMEDA & AAIB Sign EGP 150M Deal to Boost MSME Lending in Egypt
AAIB will offer loans up to EGP 30 million for existing and new businesses under MSMEDA’s national strategy.
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SAIB Bank delivers strong Q1 2025 results with EGP 51bn in local currency loans
SAIB Bank sees 17% loan growth and EGP 390M in Q1 profits, fueled by retail, SME, and corporate lending.
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Here are the ways Egypt’s economy is showing signs of revival
After years of turbulence caused by regional conflicts, global inflation, and currency shortages, Egypt’s economy appears to be regaining its footing.
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Egypt, IMF discuss reform progress in fifth review of $8 bln loan programme
Al-Mashat highlighted the European Union’s (EU) €4 billion macroeconomic and budget support package, now entering its second phase.
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Egyptian Remittances Hit Historic High of $32.6 Billion Following Currency Devaluation
In February 2025 alone, remittance inflows surpassed $3 billion for the second month in a row, more than doubling the $1.3 billion recorded in Feb2024
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Most Gulf shares gain on US-China tariff deal; Egypt snaps losing streak
Saudi Arabia's benchmark stock index (.TASI), opens new tab rose 1.3%, the sharpest rise in a month with almost all sectors in the green.
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El-Sisi commends outgoing AfDB president for advancing development across Africa
President El-Sisi also reaffirmed to Adesina Egypt’s ongoing support for the AfDB and commitment to cooperating with its next president.
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OECD praises Egyptian reforms in latest report
Despite clear progress, the OECD emphasized that further work is needed to ensure these ambitious reforms meet citizens’ needs.
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Egypt’s annual headline inflation rate increases to 13.5% in April 2025
The report attributes the inflationary pressure to notable price hikes in essential sectors. Electricity, gas, and fuel costs jumped by 6.7 percent.
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Saudia unveils its international credit card in Egypt
Saudia has announced the introduction of its first international credit card in Egypt, in collaboration with Visa.
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Egypt economic reforms greatly benefit private sector: EBRD president
With €13.8 billion in financing and investments in the Egyptian private sector, the bank is considered the strongest European lever in Egypt.
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7 key facts about Egypt’s 500 reforms to drive private sector growth
The effort, led by the (IDSC) and aligned with the State Ownership Policy Document, aims to shift the economy toward a private sector-led model.
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Egypt's New Partnership with BRICS: NDB Eyes Investment Opportunities
Egypt's official inclusion in the BRICS group in 2024 marks a new chapter in its economic journey, positioning the nation among other global players.
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Egypt’s Foreign Reserves Continue Upward Trend Reaching $48.14 Billion in April
December 2024 saw a further uptick to $47.1 billion, reflecting a $157 million gain from November’s $46.95 billion.
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FRA cautions citizens against fake investment platforms
The FRA noted a growing number of online ads and social media posts that entice citizens to commit funds to ventures lacking the necessary licenses.
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Understanding Egypt’s Approach to Hot Money and Economic Stability
“Hot money” describes the rapid movement of capital across international borders in pursuit of quick profits.
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Declining Sales, Rising Costs Contribute to Drop in Egypt’s PMI for April
The data pointed to a slowdown in the non-oil private sector, driven largely by reduced demand among non-oil companies.
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IMF noted to arrive this week for 5th review of $8B loan program
In March 2024, Egypt succeeded in expanding the IMF loan package from $3 billion to $8 billion.