The Central Bank of Egypt (CBE) announced in its "External Position of the Egyptian Economy" report, published Tuesday, that Kuwait had extended a $2 billion deposit for an additional year.
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Egypt’s Purchasing Managers' Index (PMI) for the non-oil business sector rose for the second consecutive month to reach 49.2 points in November, up from 49.0 points in October, according to a report released by S&P Global on Tuesday.
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Egypt's National Telecommunications Regulatory Authority (NTRA) is preparing to launch the eSIM (embedded SIM) service after extensive testing confirmed that it is ready for use.
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Egypt’s tax revenue increased by 36.7 percent (EGP 174.2 billion), reaching EGP 648.3 billion from July to October in the fiscal year (FY) 2024/2025, compared to EGP 474 billion during the same period in FY2023/2024, according to a report published by the Ministry of Finance on Wednesday.
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Gold prices in Egypt jumped by 1.2-1.9 percent on Tuesday, compared to Monday’s rates.
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Egypt’s Purchasing Managers' Index (PMI) for the non-oil business sector increased slightly by 0.4 percent in October to 49 points, up from 48.8 points in September, according to a report released by S&P Global on Tuesday.
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Some economists and financial consultants told Ahram Online they expect the International Monetary Fund (IMF) to respond favourably to Egypt’s requests, potentially reconsidering the timeline for economic reforms that have adversely affected Egyptian citizens.
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Fitch Ratings announced on Friday that it has upgraded Egypt's long-term foreign-currency Issuer Default Rating (IDR) from B- to B, with a stable outlook.
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Raising the yields on US dollar-denominated certificates and other deposits by Banque Misr does not indicate an expected devaluation of the local currency or problems regarding the availability of the US dollar in the local market, financial market analyst Ahmed Moaty told Ahram Online.
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Egypt's portfolio flows have been net positive in recent months, with significant inflows into local currency bonds despite the ongoing debt challenges and high inflation, according to the Global Financial Stability Report released Tuesday by the International Monetary Fund (IMF).
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The Central Bank of Egypt (CBE) will review the key interest rates in its Thursday meeting, with banking experts expecting the CBE to keep the interest rates unchanged.
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Some economists and financial market experts who spoke to Ahram Online have expressed different points of view concerning the visibility of applying capital gains tax (CGT) on the shares and profits of the Egyptian Stock Exchange (EGX), especially amid the ongoing escalations globally and regionally.
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Public-private partnerships (PPP) are crucial for boosting Egypt's real estate sector, industry leaders emphasized in an event by the American Chamber of Commerce in Egypt (AmCham Egypt) on Sunday at the Egypt's Real Estate Market: Building Global Destinations conference.
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Prominent billionaire and real estate developer Naguib Sawiris called for a reduction in key interest rates by five to 10 percent in a recent conference titled Egypt's Real Estate Market: Building Global Destinations, held by AmCham Egypt on Sunday.
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Integrated information technology practices, known as DevOps, are no longer a choice but a necessity” to accelerate the digital transformation process in all sectors in Egypt," according to Ghada Labib, Deputy Minister of Communications and Information Technology.
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The Gold market in Egypt has undergone major changes over the past few days after international gold prices surpassed $2,600 per ounce, which is mainly attributed to the U.S. Federal Reserve's decision to cut interest rates by 50 basis points last Wednesday.
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