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Financial Institutions
Egypt’s NBE, EIB sign investment grant deal to support green industry drive
The National Bank of Egypt (NBE) signed an investment grant agreement on Sunday with the European Investment Bank…
IFC invested $1.1b in Egypt’s energy sector in 2024 alone – Diop
The International Finance Corporation (IFC) invested $1.1 billion in Egypt’s energy sector in 2024, as the World…
Egypt’s Sisi, IFC chief discuss boosting investment, private sector financing
Egyptian President Abdel Fattah El Sisi praised the role of the International Finance Corporation (IFC) in…
Egypt’s Top 50 Women Forum unveils 1st national Lifetime Achievement Award for women
Egypt’s Top 50 Women Forum will unveil its inaugural Lifetime Achievement Award later this month to honour…
Egypt allocates Red Sea land to lower public debt
Egypt’s finance ministry plans to develop a prime land plot on the Red Sea, saying it is part of a broader strategy…
Egypt’s CBE approves DPI as manager of $150m Nclude FinTech Fund
The Central Bank of Egypt (CBE) approved Thursday the appointment of Development Partners International (DPI) as…
Egypt’s tax revenues set record
Egypt recorded its highest annual growth in tax revenues in recent years, with a 37.8 per cent increase during the…
AfDB sees Egypt’s economy gradually recovering
Egypt’s economy is expected to maintain its recovery in the coming years, with the African Development Bank (AfDB)…
World Bank cuts S. Arabia’s ’25 growth forecast to 2.8%
The World Bank has revised down Saudi Arabia’s 2025 growth forecast by 0.6 percentage point to 2.8 per cent, and…
Egypt’s economy to grow by 3.8% in FY 2024/25 – World Bank
Egypt’s economy is expected to grow by 3.8 per cent in fiscal year 2024/25, up from an estimated 2.4 per cent in…