Finance News
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Egypt’s economy to require major external financing in next few years
IMF's ME and Central Asia Department Director Masood Ahmed claims that Egypt’s economy will require considerable external funding in the next years.
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Egypt's annual core inflation rate almost unchanged in September
The monthly core inflation rate inched up 0.79 percent in September compared to a decline of 0.23 percent in August.
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FACTBOX: Egypt and IMF
The history of relations between IMF and Egypt from 1945 and until Egypt requested a loan in 2012.
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Egypt International Reserves Fall for Third Consecutive Month
President Abdel-Fattah El-Sisi urged his government to cut back on imports to conserve foreign currency. Egypt imports about $60 billion annually.
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Egyptian economy hits 4.2% growth rate
The growth figure of 4.2% is an important accomplishment as the average was 2% in the previous three years, he added.
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Poor coordination between fiscal, monetary policies harms economy
Qasim: all currencies were devalued except the Egyptian pound, the latter which had no economic justification for retaining the status quo.
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Egypt’s stock market gains $500 million in September
Trading in September reached 26 billion Egyptian pounds against 20.2 billion Egyptian pounds in the month before.
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Egypt to raise $36bn in treasury bills, bonds
Public debt services’ expenses comprise around 28 percent of total public spending.
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Egypt’s government to raise 281.5B EGP from domestic market in Q2
The government has stated it is committed to pay off interests on public debt estimated at 244 billion EGP in the new budget, an increase of 25.1%.
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Egypt expects $12.58 billion in additional revenue for 2015/16
Dimian said that the implementation of a long awaited value-added tax (VAT) by the end of 2015 would help generate great additional revenue.
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Egypt gets $450m AfDB funding in 2015
The minister also stated that the ministry’s priorities include supporting the state’s budget as well as providing funding to stimulate growth.
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Egypt becomes focus of world’s attention
Banque Masr Chairman states that Egypt is a promising market for investments using new Suez Canal as an example.
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Egypt's core inflation slows to 5.6% in August
measures taken to reduce budget deficit like raising fuel prices have contributed to soaring pricing.
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Egypt faces tougher sell on second post-Arab Spring Eurobond
There are plenty of reasons to expect Egypt's second bond sale since the 2011 is going to be a tougher sell than the first one 3 month ago.
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No government intervention in monetary policy
Egypt's cabinet says the central is independent following remarks by Egypt's investment minister on Monday about devaluing Egyptian pound.
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China Tyre Pressure Monitoring System (TPMS) Industry 2015 Business Analysis and Overview 2020
The China Tyre Pressure Monitoring System (TPMS) Industry 2015 Market Research Report is a professional and in-depth study on the current state of the
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Governance, Risk and Compliance - The Egyptian Insurance Industry
Timetric’s 'Governance, Risk and Compliance - The Egyptian Insurance Industry' report is the result of extensive research into the insurance regulator
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Egypt’s market wins of $1.6bn in week
The main EGX30 index, small and mid-cap EGX70 index and the broader EGX100 index rose 3.07 percent, 2.01 percent and 2.59 percent, respectively.
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Egypt's main index up 2 pct
Egypt's PMI rose to 51.2 in August, up from 49.2 the previous month, a survey revealed on Thursday.
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Egypts Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive
Current and forecast values for each category of Egypt's cards and payments industry, including debit cards, credit cards and prepaid cards