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Financial Institutions
S&P affirms US credit rating at ‘AA+’
S&P Global affirmed the US credit rating at 'AA+' on Monday, saying that revenue from President Donald Trump’s…
Egypt posts record EGP629b primary surplus in 2024/25
Egypt’s primary budget surplus jumped 80 per cent to around 629 billion Egyptian pounds, or 3.6 per cent of GDP, in…
Egypt’s MSMEDA partners with Saudi National Franchise ahead of joint expo
Egypt’s Medium, Small and Micro Enterprise Development Agency (MSMEDA) said on Sunday it is partnering with Saudi…
Egypt’s FRA sets Basel III-aligned solvency standards for non-banking finance sector
Egypt's Egyptian Financial Supervisory Authority (FRA) has issued new financial solvency standards for companies…
Fitch Ratings: ASEAN Islamic finance set to surpass $1t by 2026-end
Fitch Ratings expects ASEAN’s Islamic finance industry, valued at nearly $950 billion in mid-2025, to exceed $1…
Sisi ratifies €10m Egypt account project agreement with EBRD
Egypt’s President Abdel Fattah El-Sisi issued Decree No. 146 of 2025 approving a cooperation agreement with the…
FRA reports EGP 640.1b in total financing in June
Egypt’s Egyptian Financial Supervisory Authority (FRA) reported on Wednesday that total financing granted by…
PM says Egypt’s FX reserves built on solid economy, not hot money
Egypt’s foreign reserves are climbing on the back of economic reforms and a stronger real economy rather than…
EGP climbs vs USD in Wed.’s trading close
The Egyptian pound (EGP) climbed against the US dollar (USD) on Wednesday, August 13, 2025, according to data from…
US budget deficit reaches $291b in July
The US federal budget posted a $291 billion deficit in July 2025, with total receipts of $338 billion and outlays…