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Financial Institutions
Egypt boosts insurance benefits for expatriates under new deal
Egypt has signed on Sunday a cooperation protocol to expand and enhance life and disability insurance coverage for…
US imposes sweeping sanctions on Iran-linked network
The US Treasury Department has imposed sanctions on more than 115 Iran-linked individuals, entities, and vessels in…
Egypt’s EGPC receives $1.455b from ITFC in ’25
The Egyptian General Petroleum Corporation (EGPC) received $1.455 billion in financing from the International…
Federal Reserve maintains interest rates
The US Federal Reserve on Wednesday July 30, 2025, decided to maintain the target range for the federal funds rate…
Egypt’s reforms deliver FX stability, boost manufacturing output – PM
Egypt has taken “very important steps” in economic reform over the past 18 months, securing foreign currency for…
Egypt’s Red Crescent spends $105m on Gaza relief in 21 months – minister
Egypt’s Red Crescent has spent $105 million from its budget on Gaza relief in the past 21 months, sending record…
Egypt to pay EGP5b to exporters soon
Egypt’s Finance Ministry will disburse around EGP 5 billion to approximately 2,000 exporting companies on August 7.
Egypt keeps Gaza aid flowing, total tops 533,000 tons: minister
Egypt has delivered more than 533,000 tons of humanitarian aid to the Gaza Strip since October 7, 2023, and sent a…
Egypt expands social safety net, raises Takaful and Karama aid 25%
Egypt has raised cash assistance under its Takaful and Karama social protection programme by 25 per cent as part of…
URGENT: IMF lifts Egypt’s 2025 growth forecast to 4%
The International Monetary Fund (IMF) on Tuesday raised its forecast for Egypt’s economic growth in 2025 to 4 per…