Latest News for: Egyptian finance

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GAFI, AfDB deliver training, consultations to 600 Egyptian entrepreneurs

Egypt Today 23 Apr 2024
The AfDB funded the project, while GAFI delivered the workshops through Fekretak Sherketak Center in addition to consultations - pertinent to finance, taxes, management, and technology – to ...
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Will Rising Interest Rates Enhance Equity Capital On EGX?

MENA FN 22 Apr 2024
(MENAFN - Daily News Egypt) As interest rates soar to unprecedented heights in the Egyptian market, the Egyptian Exchange (EGX) is gaining traction as a viable financing option for companies. With ... .
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Al Ahly Capital completes procedures to acquire 51% of El Sewedy’s Easy Lease

Egypt Today 22 Apr 2024
Al Ahly Capital aims to bolster its footprint in the financial leasing segment through its controlling stake acquisition in Easy Lease Company and is actively exploring opportunities to secure a consumer finance license, he added.
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NBE executes six financing agreements totaling EGP 18.8bn in Q1 2024

Daily News Egypt 21 Apr 2024
He emphasized that the bank’s success mirrors its dedication to meeting the financing requirements of significant projects, orchestrating deals that are both creditworthy and economically viable, thereby enhancing the Egyptian economy’s value.
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Finance Minister Discusses Economic Progress, Continued Reforms With IMF Egypt Mission Chief

MENA FN 21 Apr 2024
(MENAFN - Daily News Egypt) Egyptian Minister of Finance Mohamed Maait met with Ivanna Vladkova Hollar, the International Monetary Fund's (IMF) Mission Chief for Egypt, on the sidelines of the IMF ... .
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Egypt focuses on dollar resource development, economic growth

MENA FN 21 Apr 2024
(MENAFN) Egyptian Finance Minister Mohamed Maait reiterated the government's commitment to developing dollar resources and continuing its public offerings program during an interview with Sky News ... .
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IMF director: We are committed to supporting Egypt

Egypt Independent 21 Apr 2024
She had met with Minister of Planning and Economic Development Hala el Saeed, Minister of Finance Mohamed Maait and ...
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Five banks account for 74.2% of mortgage finance for low-income sector in Q1 2024

Daily News Egypt 21 Apr 2024
Lastly, the Egyptian Housing Finance Company (EHFC) has contributed EGP 43.042m to 429 clients, Ahli United has financed EGP 19.973m to 200 clients, and the Arab African International Company has allocated EGP 12.211m to 109 clients.
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Minister: Egypt-IFC cooperation saw remarkable growth under Sisi’s rule

Egypt Independent 21 Apr 2024
As for Egypt’s efforts to support the role of the corporation’s role, Mashat said the Egyptian cabinet had approved the draft decision on Egypt’s subscription to the International ...
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Egypt’s Al-Mashat outlines economic reforms amidst global challenges at World Bank Spring Meetings

Daily News Egypt 20 Apr 2024
This collaboration aims to support structural reforms through budget programs and development policy financing ... Development Financing Landscape. ... Concessional financing, with its attractive terms, remains a competitive area for developing countries.
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Egypt’s International Cooperation Minister calls for innovative financing to tackle climate change, debt at G24

Daily News Egypt 18 Apr 2024
Moreover, the Egyptian minister called for a financing model that incentivizes addressing all eight global challenges identified by the World Bank, including climate change, fragility, health emergencies, and food security.
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Egypt sets EGP 100M as minimum capital for real estate financing companies

Egypt Today 18 Apr 2024
The Egyptian Cabinet ... It introduces an effective, easy, and efficient legal mechanism that motivates financing entities to provide increased financing to investors in the Egyptian real estate market.
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Egypt aims to reduce its debt rates to 80% by 2027

Egypt Today 18 Apr 2024
The strategy involves a shift from short-term issuances to medium- and long-term issuances, intending to gradually reduce the debt service bill over the medium term, according to Minister of Finance Mohamed Maait.
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