Speaking at a press conference, El-Said detailed Egypt’s ambitious target of $1.5 billion from its public offering program by the end of 2024.
23.04.2024
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Egypt’s economy has been struggling for years with inflation. In January 2022, one USD cost EGP 15.7, and one year later, it cost EGP 29.8.
23.04.2024
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Egyptian Streets
Minister Al-Mashat also highlighted a debt swap agreement worth $100 million signed with China in October 2023.
23.04.2024
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Egypt Today
Data published on the website of the Central Bank of Egypt (CBE) showed that the deficit in the bank’s net foreign assets fell in March.
23.04.2024
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Finance Minister Mohamed Maait said that the government was looking to raise some USD 6.5 bn as recently as February.
22.04.2024
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Enterprise
Scheduled for 30 April, in Cairo, the event aims to delve into investment prospects and feasibility of establishing companies in Egypt, UAE and KSA.
22.04.2024
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Ahram Online
The partnership aims to establish and manage a $30 million fund dedicated to supporting the growth of fast-growing startups.
21.04.2024
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Ahram Online
Egypt’s overall debt to GDP is expected to decline to 82.6 percent of GDP in 2025, from over 90 percent in 2024, and will continue to shrink.
21.04.2024
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Ahram Online
The Egyptian government is committed to empowering the private sector to take the lead in driving economic growth and capturing a significant share.
18.04.2024
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Egypt Today
Maait also said the government aimed to sell more state assets, which would reduce the state’s role in the economy.
18.04.2024
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Arab News
Egypt’s external debt is projected to rise during the current FY2023/2024 due to the depreciation in the exchange rate, Era Dabla-Norris.
18.04.2024
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Ahram Online
The combined number of people who invested in two gold investment funds has reached approximately 103,000 by the end of March 2024.
18.04.2024
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Egypt Today
The Ain Sokhna float plant in Egypt will see its capacity increased with the construction of a second flat glass production line.
18.04.2024
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Saint Gobain
The funds are earmarked for settling past debts and addressing the national budget shortfall.
17.04.2024
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Zawya
The South African bank’s presence in Egypt will allow it “to capitalize on the significant emergence of the Gulf-sub Sahara Africa-Egypt corridor.
17.04.2024
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Enterprise
Al-Mashat also discussed regional and international challenges and their impact on developing countries and emerging economies.
17.04.2024
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Egypt Today
Revenues grew 82.4% to EGP 10.175 billion in Q1 2024 from EGP 5.580 billion in the same quarter last year.
17.04.2024
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Zawya
The bank has lowered its expectations for Egypt's economic growth during the current year to 2.8 percent from its previous estimates of 3.5 percent.
16.04.2024
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Egypt Today
Previously, the limit for ATM withdrawals was EGP 20,000, and for withdrawals from bank branches was EGP 150,000.
16.04.2024
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Scene now
Now that the EGP is trading in banks for considerably less than on the parallel market before the float, inflationary pressures have begun to ease.
16.04.2024
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Enterprise
