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Finance news

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.

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.

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