Finance News
-
Fitch Solutions revises down Egypt real GDP growth to 3.7% over Suez Canal disruption
Fitch Solutions has downgraded its forecasts for Egypt’s real GDP growth in the current FY2024/2025, which ends by June 2025, from 4.2 percent to 3.7.
-
Global merger, acquisition activity will grow by 15% in 2024
Bain & Company, a global consultancy firm, projects that the value of Mergers and Acquisitions (M&A) deals will grow by 15 percent globally in 2024.
-
Egypt’s first digital factoring license secured by FinTech oliv
According to FRA reports, the size of Egypt’s factoring industry in 2023 amounted to LE 44 billion, serving just 605 clients.
-
EUR 77M German Aid to Boost Egypt’s Growth Goals
The funding agreement underscores Germany’s commitment to supporting sustainable growth in Egypt.
-
Goldman Sachs: Egyptian pound to recover against USD in early 2025
On Thursday, the currency dropped to LE 50.8 against the USD on the offshore market, continuing a nearly uninterrupted six-week decline.
-
Kuwait plans pumping new investments into Egypt
Kuwaiti ambassador in Cairo Ghanim Saqr Al-Ghanim said Kuwaiti government is currently studying a group of investment opportunities.
-
CBE launches payment cards’ tokenization and Apple Pay service
The Central Bank of Egypt (CBE) announced Thursday the launch of payment card tokenization on mobile applications and the Apple Pay service.
-
Egypt to announce 2nd phase of tax incentives and facilities in upcoming 6 months
These incentives aim to strengthen the "trust, partnership, and support" of local and international investors.
-
You can now use Apple Pay in Egypt with CIB cards
With this launch, the CIB aims to ease everyday transactions for its customers, providing them with a faster way to pay.
-
How Egypt is reimagining growth
As the nation charts its path forward, it’s not just reshaping its economy but redefining its place in a rapidly changing world.
-
NBE, Banque Misr, CIB launch Apple Pay activation trials
The National Bank of Egypt (NBE) launched Tuesday Apple Pay service activation trials for secure contactless payments.
-
Four Egyptian Armed Forces-affiliated companies to go public in 2025
Egypt will list four companies affiliated with the Armed Forces on the Egyptian Stock Exchange (EGX) in 2025.
-
Egypt delays launch of financial derivatives market until Q2 2025
The delay comes as preparations for the market, in coordination with the Egyptian Exchange (EGX), are still underway.
-
Egypt annual core inflation drops by 0.7% in November to 23.7%
The Central Bank of Egypt (CBE) announced Tuesday that the annual core inflation rate continued its downward trend for the third consecutive month.
-
Egypt's United Bank commences trading on EGX
The United Bank (UB) of Egypt announced on its website that the bank’s ordinary shares began trading on Tuesday on the Egyptian Stock Exchange (EGX).
-
Egypt's inflation dips to near two-year low of 25.5% in November
The median forecast of 15 analysts in a Reuters poll had been for annual inflation to inch down to 26.4% last month.
-
Egyptian pound registers new record EGP 50.58 against US dollar
The Egyptian pound exchange rate slightly increased on Monday by 0.54 percent to EGP 50.58/$1, compared to EGP 50.31/$1 on Sunday.
-
Egypt finance minister discusses economic policies at National Press Authority
The recent National Press Authority (NPA) seminar aimed to enhance cooperation between the authority and the Egyptian Ministry of Finance.
-
Egypt state-owned Delta Insurance receives 2 acquisition offers
State-owned Delta Insurance has received acquisition offers from AXA Egypt and Wafa Life Insurance Egypt, with an estimated purchase price of EGP 5bln
-
Egypt pound breaches 50 to the dollar
The pound has traded within a narrow range just short of 50 to the dollar since Egypt signed an $8 billion financial support package with the IMF.