Finance News
-
Beltone Leasing mobilizes 20 million USD to support sustainable loans in Egypt
The financing is evenly split between the two funds, each providing 10 million USD.
-
Amazon Backs Egypt’s Valu with Equity Stake Following EGX Listing
The move comes amid growing international investor interest in Egypt’s financial sector, despite persistent regional macroeconomic headwinds.
-
CBE announces bank holidays in Egypt
Sunday that all banks will be closed on Thursday, 26 June, for the Hijri New Year and on 3 July for the 30 June Revolution anniversary.
-
Egypt records 77% rise in remittances over 10 months
Between January and April alone, remittance inflows rose 72.3 percent year on year to $12.4 billion, official data from Egypt’s central bank showed.
-
Egyptian pound faces short-term pressure but steadies by 2025-end
Egyptian pound outlook, economic trends, interest rate cuts, and inflation forecasts offer crucial insights for businessmen in MENA.
-
Talks underway to disburse 2nd tranche of European aid to Egypt, worth €4 billion
Egypt in talks for €4 billion in European aid, focusing on structural reforms to boost competitiveness and attract investment.
-
Egypt’s tax reform drive boosts revenues by over third
Egypt's tax reforms boost revenue by 36% through incentives and simplification, with plans for more relief.
-
Arab banking sector must strengthen resilience amid geopolitical uncertainty
The Arab banking sector is urged to boost resilience amidst geopolitical uncertainty, focusing on regional cooperation and SME support.
-
United Bank rises to 7th among Egypt’s mortgage lenders with EGP 3.2bn portfolio
United Bank is now Egypt's 7th largest mortgage lender, with an EGP 3.2 billion portfolio and a focus on digital services.
-
Egypt’s Finance Ministry Honours Talaat Moustafa Group for Tax System Support
Egypt's Finance Ministry honors Talaat Moustafa Group and banks for tax system support, boosting investment.
-
Egypt ranks 9th globally among top FDI recipient countries in 2024
Egypt jumps to 9th globally in FDI with $47B in 2024, driven by megaprojects like Ras El-Hekma and investor-friendly reforms.
-
Egypt leads Africa in foreign direct investment growth with 373% surge
Egypt tops Africa in FDI with a 373% surge, reflecting investor confidence and economic vision.
-
Egypt is tightening control over fintech before it explodes
This isn’t just bureaucracy—it’s a clear message: the era of informal or loosely governed digital payment activity in Egypt is closing.
-
Why are so many banks topping Egypt’s biggest companies list?
Egypt’s top public companies for 2025 have been revealed, and one trend is hard to miss: banks are dominating.
-
European Parliament Approves €4 Billion in Financial Assistance to Egypt
The European Council is expected to vote on the decision in the coming days, paving the way for the initiation of the disbursement process.
-
Egyptian parliament approves of new national budget plan
FY2025/2026 targets real GDP growth of 4.5 percent. This represents a significant increase from the 2.4 percent growth recorded in FY2023/24.
-
Egypt targets 4.5% growth amid regional uncertainty
Egypt’s parliament has approved the national budget for fiscal year 2025/26, which begins on 1 July.
-
Egypt’s Octane raises $5.2 million to digitize fleet payments across MENA
The new funding will be used to expand Octane’s regional footprint, acceptance network, and AI capabilities, including fraud detection and route opt.
-
FDIs in emerging markets, developing economies fall to lowest levels since 2005
In 2023, EMDEs collectively received $435 billion in FDI, marking a significant decline.
-
Morocco’s Wafa Assurance eyes Egypt’s Delta Insurance
The Moroccan insurance company offers a price of 40 Egyptian pounds per share, valuing Delta Insurance at almost $100 million.