Finance News
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Egypt's Qalaa Holdings approves 1.7 bln Egyptian pound capital hike - sources
Qalaa has some $9.5 billion in assets under management, including dozens of firms mainly in Egypt, east and north Africa.
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Egypt bourse approves CIB $300 million capital increase
CIB reported a 36 percent year-on-year rise in its fourth quarter net profit to EGP 1.03bn.
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Economy recovering, EGX records show: Dcode EFC Report
The report featured on the official website “Egypt the Future” created to promote Egypt’s Economic Summit.
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Poll: Egypt's Economic Conference - Have your say!
President Abdel-Fattah ElSisi will be hosting the Egypt Economic Development Conference in March - what topics do YOU think should be discussed?
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ALEXBANK launches Bancassurance Programme with MetLife Alico
The partnership will offer a comprehensive range of products to help customers save towards their goals
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Customs confuses automobile market calculations
Pilot prices for European products rang between fact and fantasy, agents complain about excessive customs values.
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Misr Insurance renews contracts with more than 40 reinsurers
Reinsurers including Swiss Re Ltd., Hannover Re S.E. and Scor S.E., among others, deal with Misr Insurance, Mr. Moussa said.
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Foreign investment in Egypt will reach ‘about $2 bln’ in second quarter
Egypt is also preparing a new unified investment law that will be sent to President Abdel Fattah al-Sisi by the end of February.
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Egypt set to make foreign investment easier
The idea is to create a one-stop shop that will make life easier for foreign investors discouraged by political turmoil and militant violence.
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First ATM security cabinet to be introduced in Egypt
This is the first time Egyptian clients have access to physical and electronic security at the same time.
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Circle gets $15m payment from Egypt
Circle says this has resulted in a significant reduction in the outstanding debt owed to the Company.
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Egypt's Suez Canal revenues rise 6.8% in 2014
Revenues went up to $5.46 billion in 2014 from $5.11 billion in 2013.
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Egypt's urban consumer price inflation rises to 10.1 pct in Dec
Inflation spiked in Egypt after the government slashed energy subsidies in July but fell in November from a peak of 11.8 percent in October.
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Egypt sees fastest business growth over past three months
The HSBC Egypt Purchasing Managers Index (PMI) for thenon-oil private sector rose to 51.4 points in December, from 50.7 points.
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Egypt's reserves down to $15.3 bn in December
Reserves have inched downward on the back of decreased levels of foreign aid and political instability plaguing the Suez Canal and tourism.
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Promises vs. reality: What did Sisi do for Egypt's economy in 2014?
President Abdel Fattah Al-Sisi made several economic promises to Egyptians prior to his election.
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Egypt to pay $700m in debt to Paris Club
The announcement comes amid concerns over a decline in foreign reserves by 6.1 percent to $15.9 billion at the end of November 2014.
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Egypt's financial situation at the end of 2014
The Ministry of Finance's monthly wrap-up gives an account of everything that shapes Egypt's financial landscape.
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Egypt's budget deficit hits LE107.9 bln in five months
The government aims to cut the deficit for the current fiscal year, expected to end 30 June, to 11 percent compared to 12.8 percent in FY2013/14.