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AfDB to invest $300m in Egypt’s private sector in 2025 – planning minister
The African Development Bank (AfDB) plans to channel $300 million into Egypt’s private sector in 2025, with a focus…
Egypt begins first phase of low-interest loan plan for production lines
Egypt has rolled out the first phase of a 30 billion Egyptian pound ($586.7 million) initiative aimed at supporting…
Disinflation to continue through 2026, but at slower pace – Egypt’s c.bank
Egypt’s central bank expects inflation to continue easing over the course of 2025 and 2026, although at a slower…
URGENT: Egypt c.bank cuts rates by 225 bps, first easing in 5 years amid slowing inflation
Egypt’s central bank (CBE) cut its key interest rates by 225 basis points on Thursday, delivering its first rate…
US sanctions Yemen’s International Bank of Yemen for backing Iran-aligned Houthis
The US Treasury Department on Thursday sanctioned the International Bank of Yemen (IBY) and three of its top…
URGENT: ECB cuts interest rates
The European Central Bank (ECB) decided on Thursday to lower its key interest rates by 25 basis points, effective…
Türkiye raises interest rate amid inflation risks
Türkiye’s central bank raised its benchmark interest rate by 350 basis points to 46 per cent on Thursday,…
Egypt’s development finance hits $9.6b in 2024, private sector leads
Egypt secured a record $4.2 billion in concessional development financing for the private sector in 2024, the…
Egypt, Tunisia discuss joint bank, trade routes to spur trade
Egypt and Tunisia are exploring the establishment of a joint bank and new trade routes as part of efforts to deepen…
Fitch sees ‘deeper’ rate cuts in Europe, emerging markets as growth slows
Central banks in Europe and emerging markets are poised to deliver “deeper rate cuts” in 2025 than previously…