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Egypt’s Prime Minister Mostafa Madbouly said that the exchange rate doesn’t reflect the strength of the economy, and Egypt’s main concern is controlling inflation, pointing out that some countries…
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Egypt reaches agreement with IMF on new economic reform programme: Finance ministry Doaa A.Moneim , Sunday 16 Oct 2022 The Central Bank of Egypt (CBE) and the Ministry of Finance announced on…
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Finance Minister Mohamed Maait said an assistance package from the IMF is in the “final confirmation” stage.
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Net foreign direct investment (FDI) inflows rose by 71.4% to hit about dlrs 8.9 billion during last fiscal year (FY) 2021-2022, if compared to the same period last fiscal year (FY) 2021-2022.
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Egypt’s annual headline inflation rose to 15.3 percent in September, up from eight percent in September 2021, reaching the highest level since recording 15.7 percent in November 2018.
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Commercial International Bank (CIB), Egypt’s leading private sector bank, has announced that Hussein Abaza, the Bank’s CEO and Managing Director, has been chosen to join the Glasgow Financial Alliance…
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Egypt plans to increase renewable energy by 42% in 2035 based on several steps it has taken towards achieving this goal, Minister of International Cooperation, Rania El-Mashat.
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The second edition of Egypt-ICF 2022 and the Meeting of African Ministers of Finance, Economy and Environment for COP27, kicked off on Wednesday at the New Administrative Capital. Egypt ICF200 is…
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Egypt has pledged to the International Monetary Fund (IMF) to attain the overall budget deficit at six percent of GDP and to raise the initial surplus by 1.6 percent in FY 2022/2023, Minister of…
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SimpliFi, the leading Cards as a Service (CaaS) platform for banking and fintech industries in MENA and Pakistan, and Abu Dhabi Islamic Bank (ADIB) Egypt, one of the most enterprising and digitally…
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