They look to diversify their business models and boost profits. Fitch believes that several banks in the GCC are seeking to acquire Egyptian banks.
28.07.2024
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News by
African Business
To ensure the market's integrity and efficiency, the Financial Regulatory Authority (FRA) has introduced stringent conditions for brokerage firms.
Papers by
Egypt-Business.com
On Tuesday, Farid issued Decision No. 1732 of 2024, revealing the specific criteria for firms to qualify for future FRA approval.
25.07.2024
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News by
Egypt Today
El-Khatib also mentioned ongoing coordination among relevant ministries to prepare comprehensive files on land, energy, and the necessary procedures.
25.07.2024
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News by
Daily News Egypt
Net foreign assets represent the assets of the Central Bank of Egypt and the country's commercial banks, held by non-residents, minus their liability.
25.07.2024
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News by
See news
Egyptian economic growth will be slightly slower this year than thought in April following a $8 billion agreement with IMF.
24.07.2024
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News by
Reuters
Egypt-based fintech Banknbox has partnered with CSC Jordan to drive financial inclusion and offer joint advanced services to customers.
24.07.2024
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News by
Wamda
The report suggests that in September, the CBE will reduce interest rates by 1 percent, followed by a further decrease of 2 percent in Q4 2024.
22.07.2024
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News by
Egypt Today
The primary focus of the discussion was to leverage the forces of supply and demand in order to activate the commodity exchange.
22.07.2024
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News by
Egypt Today
El-Khatib emphasized the importance of aligning efforts with global partners to expand productive and service sectors.
22.07.2024
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News by
Egypt Today
Ministers of the economic cluster in the new Egyptian cabinet vowed to boost the private sector to play a leading role in the country’s growth.
21.07.2024
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News by
Ahram Online
MNT-Halan, a standout in Egypt’s FinTech landscape and the country’s first unicorn, has recently completed a significant funding round.
21.07.2024
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News by
Fintech
Russia has significantly close relations with Egypt in various fields, he assured, including in politics the economy and the parliament.
21.07.2024
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News by
Egypt Independent
Egypt devalued its currency in March to curb rising inflation. The pound was fixed at 30.85 per dollar for a year before plunging towards 50.
18.07.2024
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News by
Reuters
Egypt-headquartered fintech Dopay has closed a $13.5 million Series A extension round, topping up a previous $18 million Series A round raised in 2021
18.07.2024
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News by
Wamda
Egypt’s budget has achieved an initial surplus of EGP 857 billion in the FY2023/2024, which ended on 30 June, compared to EGP 164 billion.
18.07.2024
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News by
Ahram Online
In April, the IMF maintained its projection for Egypt’s real GDP growth in 2024 at 3 percent, declining by 0.8 percent compared to 2023 estimation.
17.07.2024
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News by
Ahram Online
