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Direction of capital movement remains dependent on future outlook of economic activity growth rates, development of global trade tensions
SMEs are ideal for technology, and innovative financial solutions
Migration to digital payments improves lives of individuals, spurs economic progress, prosperity
Banque Misr has launched a cash transfer service that enables clients and non-clients all over Egypt to transfer cash via mobile phones over 24 hours, as a new edition to the bank’s distinguished services. To transfer money through this service, the client has to go to any of the Banque Misr branches all over Egypt …
Egypt floated its currency on Thursday, allowing it to fall from its previous peg of EGP 8.88 to the US dollar to between EGP 13 and EGP 16. This is the final push to secure the three-year International Monetary Fund (IMF) programme within days. In another step toward securing $12bn from the IMF, the government …
The cabinet, headed by Prime Minister Sherif Ismail, met with economic experts from different fields Tuesday to promote the economic reform programme. During the meeting, the ministers explained the current challenges and obstacles that Egypt is facing, in order to hear the different opinions on these problems from specialists. The experts did not object to …
Reliance on smart cards will significantly contribute to the development of the economy, and with every EGP 1bn paid with smart cards, the gross domestic product (GDP) increases by 1%, Mahfouz continued in statements last week.
Cash-free payments are quite common in Denmark. People there use credit cards not only to pay for big-ticket items, but also for small things like hotdogs, and this trend cannot be reversed.
Around 15 females work with Careem as captains in its Egyptian fleet
Investors fear the government will direct proceeds of Wealth Tax to balance the budget deficit without focusing on development projects
President also issues tax on capital gains on stock market
Government to grant monetary support for the poor to compensate for energy price increase
The three mobile operators made proposals to CBE to collaborate on bettering cash transfer services
US state department announced it would halt parts of its aid to Egypt pending progress towards democratically elected civilian government
Statements on investment and economic achievements made by Mubarak-regime ministers were never met with trust by the general public, while specialists could see that they were nothing more than media fireworks systematically set off to improve the picture of utter destruction the country’s state of affairs had reached. A simple review of the number of …