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Financial Institutions
EU provisionally agrees to €4bn aid for Egypt
The European Council has reached Monday a provisional agreement with the European Parliament to disburse Egypt €4…
Egypt’s annual urban inflation rises in April ’25
Egypt’s annual urban headline inflation edged up to 13.9 per cent in April 2025, from 13.6 per cent in March,…
Egypt pushes to resolve state financial entanglements
Egypt’s Prime Minister Mostafa Madbouly chaired a meeting to follow up on efforts to resolve long-standing…
Algeria to receive $3b from IsDB
Algeria is set to secure $3 billion in financing from the Islamic Development Bank (IsDB) over the coming three…
EGP stable vs USD in early Tuesday trade
The Egyptian pound (EGP) almost stable against the US dollar (USD) during early trading on Tuesday, May 20, 2025.
Egypt’s Thndr launches pro trading platform, eyes asset management after $15.7m funding…
Egyptian investment platform Thndr announced plans to expand into asset management and unveiled a new professional…
IMF’s Clarke praises Egypt’s reforms, reaffirms support during Cairo visit
The International Monetary Fund’s (IMF) Deputy Managing Director Nigel Clarke praised Egypt’s recent economic…
Egypt’s GDP growth to reach 5% in Q1 ‘25
Egypt’s economy showed signs of recovery in early 2025, with preliminary estimates pointing to 5.0 per cent…
Egypt’s inflation slows sharply in Q1 ’25 after years of external, domestic shocks
Egypt’s inflation continued to ease in early 2025, with both headline and core rates recording sharp declines,…
Egypt’s c. bank forecasts growth rebound in FY2024/25 as economy recovers
Egypt’s Central Bank expects real GDP growth to rebound to 4.3 per cent in the fiscal year 2024/25, up from 2.4 per…