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Banking
Egypt’s growth forecast to rebound to 4.2% in 2021, 5.2% in 2022: EBRD
Egypt’s growth is forecast to rebound to 4.2% in 2021 and 5.2% in 2022, according to a Regional Economic Prospects report issued this month by the European Bank for Reconstruction and Development…
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IMF says Egypt’s real GDP to grow 5.2% in FY2021/22
Egypt’s real GDP is expected to significantly grow to 5.2 percent in the financial year 2021/2022, said the International Monetary Fund’s (IMF) mission chief for Egypt on the stand-by agreement…
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Contact Financial Holdings wins Global Economics Award
Contact Financial Holding, a leading non-bank financial services company, has been awarded the “Fastest Growing Financial Institution in Egypt” award from The Global Economics, an expert in the field…
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Mastercard: 73% of SMEs in Egypt bullish on future growth
73 percent of small and medium-sized enterprises (SMEs) in Egypt are optimistic about the next 12 months, according to the latest research by Mastercard.
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IMF board agrees to disburse final $2 billion tranche of Egypt standby loan
The board of the International Monetary Fund (IMF) said on Wednesday it completed the second and final review of Egypt’s economic reform programme, allowing to disburse a $1.7 billion financing.
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Egypt’s CIB appoints Hussein Abaza as CEO and Managing Director
Egypt’s Commercial International Bank (CIB) announced, Thursday appointing Hussein Abaza as CEO and Managing Director of the Bank after receiving the Central Bank of Egypt (CBE) approval.
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CIB participates in Egypt’s 3rd Green Economy Forum
The Commercial International Bank (CIB) has participated in Egypt’s third annual forum on Strategies for Transition to Green Economy, under the theme “Sustainable Finance and Green Investment”.The…
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Egypt’s remittances total $250.3 bln in 10 years: CAPMAS
Egyptian expats' remittances recorded $250.3 billion in the past 10 years, from FY 2011/2012 through FY 2019/2020, reported the Central Agency for Public Mobilisation and Statistics (CAPMAS) on…
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Banque du Caire reports EGP 1bn in net profit in Q1 2021
Banque du Caire has revealed in its latest financial statements that it achieved a net profit of EGP 1bn during the first quarter (Q1) of 2021.
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Bedaya launches Egypt’s first non-bank mortgage app
Bedaya Mortgage Finance Co., a joint venture (JV) between Talaat Moustafa Group Holding, GB Capital, and EFG Hermes, has launched the first non-bank mortgage finance mobile application and online…
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