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Financial Institutions
Egypt to raise education spending to EGP 61b in FY2025/26
Egypt plans to increase public investment in the education sector to 61 billion Egyptian pounds in the 2025/26…
Egypt’s FinMin touts economic progress to Asian ambassadors, vows investor support
Egypt’s Finance Minister Ahmed Kouchouk on Friday told ambassadors from 15 Asian countries that the Egyptian…
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…