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Financial Institutions
IMF warns US tariffs pose ‘significant risk’ to global economy
The International Monetary Fund (IMF) on Thursday warned that new US tariffs pose a “significant risk” to the…
Fitch downgrades China’s credit rating, cites debt, economic risks
Global ratings agency Fitch downgraded China’s sovereign credit rating on Thursday, citing concerns over “a…
Egypt receives $1.2b IMF tranche – Cabinet
Egypt has received a $1.2 billion tranche after the International Monetary Fund (IMF) Executive Board approved the…
IMF approves $4.5b flexible credit line for Morocco
The International Monetary Fund (IMF) has approved on Wednesday a new two-year, $4.5 billion Flexible Credit Line…
Egypt names Ahmed Amawi as new Customs Authority chairman
Egypt has appointed on Friday Ahmed Amawi as the new Chairman of the Egyptian Customs Authority, signalling a…
Singapore proposes retail access to private funds
The Monetary Authority of Singapore (MAS) is requesting input on a proposed regulatory framework that would allow…
Egypt’s GDP growth accelerates to 4.3% in Q2-FY2024/25
Egypt’s GDP growth rate accelerated to 4.3 per cent in the second quarter of the 2024/2025 fiscal year, up from 2.3…
Egypt signs agreement with IFC to boost private sector role in airports
Egypt has signed on Tuesday an advisory services agreement with the International Finance Corporation (IFC) to…
Egypt’s development potential is enormous, human capital is key: Mahmoud Mohieldin
Egypt possesses vast potential for economic growth, said Mahmoud Mohieldin, UN Special Envoy on Financing the 2030…
MSMEDA, Banque Misr sign EGPE200m small business financing deal
The Micro, Small, and Medium Enterprise Development Agency (MSMEDA) signed a 200 million Egyptian pound financing…