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A floating exchange rate and international support have helped draw billions of dollars back into Egypt’s economy. Now the banking industry hopes to see reforms to create a more dynamic private sector ...
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Why China and Egypt are moving away from the dollar in trade and investmentThe agreement was signed Thursday during Chinese Premier Li Qiang’s official visit to Egypt and was witnessed by Egyptian ...
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Africanews on MSNFinancial cooperation: Egypt and China sign key trade agreementsKey topics discussed included the establishment of agreements to facilitate trade in local currencies and the settlement of ...
Western and Eastern energy giants are competing for new Egyptian gas exploration blocks. As Egypt opens 12 key Mediterranean ...
The CEO of Egypt's third-largest bank tells Al-Monitor why he is hopeful about the country's economic recovery.
Even so, drawing foreign currency from local banks is proving difficult as the net foreign-asset position dropped to a record negative USD 24.4bn at end-June 2023 (Figure 2).
The deficit in Egypt's foreign assets deficit declined by nearly 3 percent - EGP 24.92 billion ($807.95 million) - on a monthly basis in July, as assets rose at a pace faster than the growth in ...
Minister of Planning, Economic Development, and International Cooperation Rania al-Mashat participated in a press conference held by Prime Minister Mostafa Madbouly following the weekly cabinet ...
The Central Bank of Egypt (CBE) reported that the net foreign assets of the Egyptian banking sector recorded a surplus of $5.224bn (EGP 265.898bn) in ...
Hassan El-Khatib, Minister of Investment and Foreign Trade, announced that the Egyptian government plans to double the assets and investments managed by The Sovereign Fund of Egypt (TSFE) to better ...
Khazna, a financial super app for underserved communities in Egypt, raises $16 million pre-Series B bringing its total funding to $63 million.
Both sides also stressed the importance of strengthening digital financial infrastructure to facilitate seamless cross-border transactions, supporting economic growth and financial access.
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