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Financial Institutions
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’s social insurance investments rise EGP44.2b in FY2023–2024 – FinMin
Egypt’s National Social Insurance Authority recorded a 44.2 billion Egyptian pounds increase in its investments…
Fitch sees US growth slowing to a crawl in late 2025
The United States is headed for a sharp economic slowdown, with Fitch Ratings forecasting GDP growth of just 0.4…
Fitch sees China growth slipping below 4% amid trade war fallout
Fitch Ratings has lowered its growth forecast for China to under 4 per cent for both 2025 and 2026, citing…
Global growth set for ‘weakest’ year since 2009 – excluding pandemic, Fitch warns
Fitch Ratings has downgraded its global growth forecast for 2025, warning that the intensifying trade war between…
Egypt’s banks off on April 24 – CBE
Egypt's banks will suspend work on Thursday, April 24, on the occasion of Sinai Liberation Day.
Egypt’s parliament approves FY2023/2024 final accounts
Egypt’s House of Representatives has approved the final account of the state’s general budget, treasury budget,…
Scope places US AA credit rating under review for downgrade
Scope Ratings has on Tuesday placed the United States’ AA long-term credit ratings under review for a possible…
Egypt eyes debt-to-GDP cut to 81% by June 2026
Egypt aims to lower its debt-to-GDP ratio to 81 per cent by the end of June 2026, as part of a broader strategy to…
Egypt unveils EGP 78b support package in 2025/26 budget to boost industry, exports
Egypt’s Finance Minister Ahmed Kouchouk on Tuesday unveiled the draft 2025/26 state budget, outlining a record 78…