British bank HSBC projected the Egyptian pound to experience devaluation, reaching EGP 40-45 against the US dollar, during the first quarter of 2024.
17.12.2023
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News by
Ahram Online
Growing inflation, foreign currency shortages, and commodity supply bottlenecks could lead to weak private-sector consumption and export decline.
17.12.2023
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News by
economy middle east
At the European Universities in Egypt, Emirates NBD-Egypt made a resounding statement by offering the youth segment free accounts and debit cards.
17.12.2023
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News by
Egypt Today
Amid the escalating geopolitical tensions due to the Gaza war, different scenarios emerged regarding Egypt’s $3 billion loan.
17.12.2023
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News by
Ahram Online
This article delves into why Egypt might consider this financial strategy, the implications for its economy, and the role of the IMF.
Papers by
Egypt Business Directory
These investments will be distributed as follows: Indian investments amounting to $13 billion, Turkey $3 billion, Belgium $3 billion, and China $2.5bn
14.12.2023
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News by
Egypt Today
Additionally, the EBRD is considering granting a €165 million loan to Egypt to modernize the electrical grid and reduce pollution.
14.12.2023
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News by
Ahram Online
Egypt is required to pay $32.79 billion in debt service in 2024, according to data released by the Central Bank of Egypt (CBE).
13.12.2023
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News by
Ahram Online
Three Egyptian startups have been awarded US$10,000 each after finishing in the top three of the She’s Next competition run by Visa and CIB.
13.12.2023
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News by
Disrupt Africa
EBank plays a pivotal role in this venture, aligning with Egypt’s strategic efforts to transform into a global trade and logistics nexus.
13.12.2023
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News by
Daily News Egypt
Egypt’s average inflation is expected to decline to 27.4 percent in 2024 from 34.1 percent in 2023, according to a report by BMI Research.
13.12.2023
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News by
Ahram Online
This investment not only facilitates Banknbox’s expansion into new markets but also enhances its capabilities to meet evolving client needs.
12.12.2023
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News by
Wamda
Dahab Masr has signed a cooperation protocol with GuRow, a financial technology application, to develop the gold market through AI.
12.12.2023
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News by
Ahram Online
The rating action follows the recalibration of Egypt's National Ratings Table after the downgrade of Egypt's sovereign rating.
12.12.2023
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News by
Fitch ratings
Egypt is likely to receive $20 billion in loans and investments from the International Monetary Fund (IMF) and other entities over four years.
11.12.2023
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News by
Ahram Online
He argues higher interest rates would not benefit the national economy, banks, or individuals, nor would they aid in achieving inflation targets.
11.12.2023
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News by
Daily News Egypt
Egypt's annual core inflation rate decelerated by 2.2 percent in November, recording 35.9 percent, down from 38.1 percent in October.
11.12.2023
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News by
Ahram Online
Rahmi’s remarks came during his attendance at the summit of African Ministers responsible for emerging enterprises in Algeria.
11.12.2023
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News by
Daily News Egypt
