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Egypt cuts 2022 GDP forecast to 5.7% due to Ukraine war – minister
Egypt has lowered its GDP forecast in 2022 to around 5.7 percent from 6.4 percent due to the effects of Russia’s…
Egypt issues samurai bonds in Japan, first int’l offering since pound devaluation
Egypt has issued 60 billion yen ($493.26 million) in Samurai bonds in the Japanese market, the country’s finance…
Egypt’s IMF support request ‘possibly includes new financing’ – PM
Egypt’s request for a new support programme from the International Monetary Fund (IMF) "possibly includes…
Egypt requests IMF support to overcome Ukraine war spillover
Authorities in Egypt have requested the International Monetary Fund’s (IMF) support to implement a comprehensive…
Banque Misr raises EGP 31 billion from high-yield certificates in three days
Egypt's second-largest state lender Banque Misr has collected 31 billion Egyptian pounds ($1.7 billion) from a new…
Egypt’s Banque du Caire pre-tax profit jumps 20% in 2021
Banque du Caire (BdC), Egypt’s third largest public state-lender, reported on Wednesday a 20 percent year-on-year…
Egypt’s two biggest state banks collect EGP 51 billion from new high-yield certificates
Egypt’s two biggest state banks have collected 51 billion Egyptian pounds (around $2.8 billion) from a new…
Egypt’s newest savings certificates are ‘temporary’, to be deactivated soon – sources
Egypt’s new high-yield savings certificates are part of “temporary and exceptional” procedures and will not last…
Egypt’s pound depreciation to grab foreign capital outflows, allows smoother IMF path:…
Egypt’s move to depreciate its pound will arrest foreign-capital outflows and boost the nation’s chances of winning…
ADQ to buy stakes in CIB, Fawry, other Egyptian bourse-listed firms: Bloomberg
Abu Dhabi’s sovereign wealth fund ADQ agreed with Egyptian authorities to invest around $2 billion by buying…