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Financials and Investment News in Egypt

EU Pledges Egypt €1 Billion in Financial Aid
4/13/2024 - The EU pledged, Friday to provide Egypt with €1 billion in short-term financial aid to help stabilize the country's economy.

The 1 billion euros in short-term aid is part of a bigger packag...
Finance Minister: State to Prioritize Human Development in Next 6 Years
4/13/2024 - Finance Minister Mohamed Maait said that the state will give a top priority for increasing financial allocations for human development throughout the upcoming six coming years, as of the new fiscal ye...
Planning Ministry Issues Report on Gov't Performance Improvement Project
4/14/2024 - Ministry of Planning and Economic Development has issued a report on government performance improvement project pursued in cooperation between the ministry and the Administrative Prosecution Authority...
Maait Talks About Int'l Applause for Egypt's Economic Indicators
4/14/2024 - Finance Minister Mohamed Maait said there is an international praise for the success of the Egyptian economy in achieving indicators over the past nine months better than what was targeted despite the...
Egypt Central Bank Raises Daily Cash Withdrawal Limit to EGP 250,000
4/15/2024 - The Central Bank of Egypt (CBE) has raised the daily cash withdrawal limit in Egyptian pounds for corporations and individuals from banks to EGP 250,000, up from EGP 150,000.

The CBE also i...
Egypt’s External Debt to Remain High in FY23/24 Due to EGP Depreciation: IMF
4/17/2024 - Egypt’s external debt is projected to rise during the current FY2023/2024 due to the depreciation in the exchange rate, Era Dabla-Norris, the Deputy Director of the Fiscal Affairs Department at the In...
Stock Markets Rise As Traders Consider US Rate Outlook
4/17/2024 - Major stock markets in Asia and Europe mostly rose Thursday with traders mulling the outlook for US interest rates as Federal Reserve officials questioned the need for a cut anytime soon.

O...
Egypt’s Al-Mashat Addresses WBG, Urges Enhanced Collaboration, Balancing Development Priorities
4/17/2024 - Egypt’s Al-Mashat addresses WBG, urges enhanced collaboration, balancing development priorities.

Egypt’s Minister of International Cooperation Rania Al-Mashat, delivered a speech as the Gov...
Egypt Aims to Accelerate Privatisation Programme, No Int’l Bond Issuance in Current FY23/24
4/17/2024 - Egypt’s government plans to complete the privatization of the state-owned companies within a period of 3 to 5 years, Minister of Finance Mohamed Maait stated to Asharq News.

Maait made his ...
CBE to Cut Interest Rates By 2% in May; Inflation to Decrease to 20% By End of 2024: Goldman Sachs
4/23/2024 - The Central Bank of Egypt (CBE) is expected to cut the key interest rates in May by two percent (200 bps), based on its view of inflation decreasing to 20 percent by the end of 2024, the US-based inve...
FACTBOX: Key Targets of Egypt’s FY2024/2025 Budget Plan
4/28/2024 - Egypt’s budget plan for the upcoming FY2024/2025 comes in line with the government commitments to the International Monetary Fund (IMF) under the fund’s loan programme for the country.

The ...
IFC’s Banking Finance Network Upgrades Egypt’s Performance to ‘Advancing’
4/28/2024 - The Sustainable Banking and Finance Network (SBFN) - an initiative of the International Finance Corporation (IFC) - has upgraded Egypt's classification from "Developing-Advancing" to "Advancing" in it...
Mashat Highlights Investing in Human Capital Importance
4/29/2024 - During the special meeting of the World Economic Forum (WEF) held in the Saudi capital, Riyadh, Minister of International Cooperation, Rania Al-Mashat, emphasized the significance of investing in huma...
"Decent Life" Sends Gaza 503 Aid Trucks Worth LE530M
4/29/2024 - The Decent Life Initiative, targeting to develop the Egyptian countryside, took part in donating humanitarian aid to Gaza Strip enduring Israeli shelling since October by sending 503 trucks to the enc...
MSMEDA Partners With Alkhair Microfinance to Empower Micro-Projects With EGP 30M
4/29/2024 - The Micro, Small and Medium Enterprises Development Agency (MSMEDA), signed a contract to provide financial support to micro-projects with AlKhair Microfinance Company, with a total value of EGP 30 mi...
SCZONE Head Meets Indonesian Trade Delegation
4/29/2024 - Chairman for the General Authority of Suez Canal Economic Zone (SCZONE) Walid Gamaleddin Monday discussed with a delegation from the Indonesian Ministry of Trade and Industry ways of joint cooperation...
Egypt Appreciates Developmental Role of Japanese Investments - Minister
4/29/2024 - Minister of Finance Mohamed Maait hailed the developmental role of Japanese investments in Egypt.

Egypt looks forward to deepening economic and trade cooperation with Japan to achieve susta...
Cabinet Approves Amendments to Several Agreements With Us, Eu
5/1/2024 - The cabinet under Prime Minister Moustafa Madbouli approved a number of draft presidential decrees introducing amendments to several agreements with the US and the European Union.

Among tho...
Cabinet Weekly Discusses Number of Important Files
5/1/2024 - The Cabinet started its weekly meeting under Prime Minister Mostafa Madbouli at the government headquarters in the New Administrative Capital (NAC) to discuss a number of political, economic and socia...
Madbouli Witnesses Inking of Land Deals to Implement 2 Electricity Projects in Sohag
5/1/2024 - Prime Minister Moustafa Madbouli witnessed a ceremony for inking two land hand-over minutes to implement two projects of establishing stations for generating electricity from wind energy in the west o...

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