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Finance news

Google to launch Google Wallet app in 16 countries including Egypt in 2025

Google announced Saturday that it will launch its Google Wallet app in 16 countries, including Egypt, in 2025.

Enhancing financial stability, resilience of Arab banking sectors is crucial

Governor of the Central Bank of Egypt Hassan Abdallah emphasized the importance of enhancing the financial stability and resilience of the Arab banks.

European Commission approved to disburse €1 billion for Egypt

The EU’s decision follows Egypt’s fulfillment of policy commitments under the ongoing MFA and its efforts to unify its exchange rate.

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.