Egyptian banks contribute EGP 559.462 million to CSR in Q1 2023, including EGP 4.582 million to “Decent Life” initiative and EGP 24 million to Tahya Misr Fund. Business Today : المصدر Egyptian banking sector’s CSR contributions exceed EGP 559m in Q1 2023
Egypt Financial News
Egyptian gov’t firmly focuses on public, private investments to drive economic development – Loans for Stock in Egypt
Dr. Hala El Said underscored the initiative’s strategic aims, including optimizing public investments, enhancing decision-making in governorates regarding investment priorities, allocation, and management, with a focus on efficiency and accountability. Business Today : المصدر Egyptian gov’t firmly focuses on public, private investments to drive economic development
MOICMin and MCITMin sign an €8m German agreement to support e-Government – Loans for Stock in Egypt
The agreement will implement the first phase of the project to support e-government and innovation in the public administration (INNOPA), with a grant of €8 million out of a total of €17.5 million. Business Today : المصدر MOICMin and MCITMin sign an €8m German agreement to support e-Government
Egyptian EGP debt to be Eurocleared by end of 2023 | FinMin – Loans for Stock in Egypt
Once approved by Euroclear, locally-issued EGP-denominated debt would be cleared in Europe, making it more accessible for foreign investors Business Today : المصدر Egyptian EGP debt to be Eurocleared by end of 2023 | FinMin
TradeMin and Turkey’s Eskafi discuss investments for local leather and gelatin production – Loans for Stock in Egypt
In an official statement, Samir highlighted the state’s dedication to elevating the leather industry and positioning Egypt as a strategic center for leather production at the local, regional, and international levels Business Today : المصدر TradeMin and Turkey’s Eskafi discuss investments for local leather and gelatin production
PetrolMin El-Molla meets with petroleum companies on boosting production – Loans for Stock in Egypt
Addressing the companies in Egypt, El-Molla emphasized the petroleum ministry’s work strategy, which acknowledges the necessity of providing all means to increase production while embracing innovation and practical ideas Business Today : المصدر PetrolMin El-Molla meets with petroleum companies on boosting production
Edita Food Industries acquires 100% of Fancy Foods – Loans for Stock in Egypt
Through this deal, Edita will expand its offering to fresh and ready-to-bake pastry products. Business Today : المصدر Edita Food Industries acquires 100% of Fancy Foods
Automotive sales fell 86.7% in first 4M of 2023 | AMIC – Loans for Stock in Egypt
Passenger car sales declined by 70% YoY to 3.8k, dropping 17% MoM. At the time, March saw a slight recovery in month-on-month passenger car sales Business Today : المصدر Automotive sales fell 86.7% in first 4M of 2023 | AMIC
New amendments to income tax law to go into effect on July 1st | Tax Authority – Loans for Stock in Egypt
It also specifies that individuals with an annual income exceeding EGP 1.2 million will be subject to a higher income tax rate of 27.5%, up from the previous rate of 25% Business Today : المصدر New amendments to income tax law to go into effect on July 1st | Tax Authority
Tatweer Misr expands into KSA market, partners with Naif Alrajhi Investment – Loans for Stock in Egypt
The partnership aims to establish a joint venture focusing on construction and real estate investment, developing integrated urban projects and tourist resorts in KSA using the highest international standards Business Today : المصدر Tatweer Misr expands into KSA market, partners with Naif Alrajhi Investment
MOICMin participates in 8th NDB annual meeting in China – Loans for Stock in Egypt
Al Mashat said that the Ministry is committed to strengthening relations with all international institutions, in light of the role assigned to it to develop and strengthen economic cooperation relations. Business Today : المصدر MOICMin participates in 8th NDB annual meeting in China
Egypt is a fast-growing large economy: Xylem VP – Loans for Stock in Egypt
Cerwinka also added that having the proper local partner helped the company to take the investment decision.
Business Today : المصدر Egypt is a fast-growing large economy: Xylem VP
AfDB lowers Egypt’s inflation projection to 14%, GDP to grow 4.8% in coming FY – Loans for Stock in Egypt
The AfDB projects Egypt’s average inflation rate at 14% for the next fiscal year (FY2023/2024), down from 20%, citing “high food and nonfood prices and the devaluation of the Egyptian pound against the US dollar” Business Today : المصدر AfDB lowers Egypt’s inflation projection to 14%, GDP to grow 4.8% in coming FY
The UK launches a €80m wastewater project in Egypt – Loans for Stock in Egypt
The United Kingdom is providing an €80 million guarantee to the African Development Bank (AfDB) to support the 3rd phase of the Al-Gabal Al-Asfar Wastewater Treatment Plant project. Business Today : المصدر The UK launches a €80m wastewater project in Egypt
CBE assistant sub-governor reveals efforts to digitize supply chains – Loans for Stock in Egypt
According to Negm, the number of FinTech projects has grown from 3 in 2012 to 177, successfully attracting substantial capital and achieving remarkable returns Business Today : المصدر CBE assistant sub-governor reveals efforts to digitize supply chains
Builders of Egypt Forum: Industry leaders convene to drive innovation, sustainability in construction sector – Loans for Stock in Egypt
Industry leaders, government officials, and investors come together to revolutionize Egypt’s construction sector. Business Today : المصدر Builders of Egypt Forum: Industry leaders convene to drive innovation, sustainability in construction sector
GAFI grants golden licenses to Beko and Bosch – Loans for Stock in Egypt
Beko will establish a factory for the manufacture and assembly of durable consumer goods and electrical appliances. Bosch will establish a factory for cookers and refrigerators.
Business Today : المصدر GAFI grants golden licenses to Beko and Bosch
CBE Governor calls for new mechanisms to encourage private sector expansion – Loans for Stock in Egypt
The CBE governor called for mechanisms that encourage private sector expansion in Africa while reducing risks for investors Business Today : المصدر CBE Governor calls for new mechanisms to encourage private sector expansion
China to build a $300 million iron production complex in SCZone – Loans for Stock in Egypt
The SCZOne is studying the offer of a $300 million investment that will secure 1,200 job opportunities with an area of 750,000 square meters. Business Today : المصدر China to build a $300 million iron production complex in SCZone
AfDB raises $2.2 billion for water projects in Egypt – Loans for Stock in Egypt
This falls under the Egypt’s Nexus for Water, Food and Energy (NWFE) program that originally had a target of $1.4 billion. Business Today : المصدر AfDB raises $2.2 billion for water projects in Egypt
Jazeera Paints solidifies leadership in paint industry with booth at The House of Furnite – Loans for Stock in Egypt
Held between May 17 to May 20, the event provided a platform for industry leaders and enthusiasts to explore the latest trends in home decor and design, the company said in a statement Business Today : المصدر Jazeera Paints solidifies leadership in paint industry with booth at The House of Furnite
Egypt-Oman joint investment fund to be finalized in Q4 this year – Loans for Stock in Egypt
The Oman Investment Authority’s Chairman identified a number of priority sectors including the pharmaceutical industries, food industries, and renewable energy.
Business Today : المصدر Egypt-Oman joint investment fund to be finalized in Q4 this year
Madbouly discusses global financial system in high-level meeting during AfDB’s annual meetings – Loans for Stock in Egypt
He also shed light on the AfDB’s role as a driving force behind development efforts, however also noted that the bank has limitations when single-handedly funding these initiatives Business Today : المصدر Madbouly discusses global financial system in high-level meeting during AfDB’s annual meetings
TradeMin inaugurates Xylem’s factory with EGP 300 million investments – Loans for Stock in Egypt
The minister said that the new factory will produce complete units and spare parts, including manufacturing and assembling the products of a group of distinguished brands in the field of water, with investments of EGP 300 million. Business Today : المصدر TradeMin inaugurates Xylem’s factory with EGP 300 million investments
Abu Qir establishes a new venture with EGP 10 billion capital – Loans for Stock in Egypt
Abu Qir Fertilizers announced the launch of North Abu Qir for Agricultural Nutrients Company, with an authorized capital of EGP 10 billion and paid-up capital of EGP 1 billion. Business Today : المصدر Abu Qir establishes a new venture with EGP 10 billion capital
President El-Sisi delivers opening speech at AfDB annual meetings – Loans for Stock in Egypt
Under the theme of “Mobilizing Private Sector Financing for Climate and Green Growth in Africa,” the meetings aim to explore practical ways to support and boost Africa’s climate financing Business Today : المصدر President El-Sisi delivers opening speech at AfDB annual meetings
SCZone’s investment potential highlighted at Egyptian-Chinese Investment Forum – Loans for Stock in Egypt
Beijing is the second stop for SCZone officials in Asia, part of ongoing efforts to attract diverse investments and implement the zone’s 2020/2025 strategy Business Today : المصدر SCZone’s investment potential highlighted at Egyptian-Chinese Investment Forum
SCZone upgrades green hydrogen project MOU with China Energy – Loans for Stock in Egypt
This aligns with SCZone’s strategic efforts to bolster green hydrogen projects and foster partnerships in the renewable energy sector Business Today : المصدر SCZone upgrades green hydrogen project MOU with China Energy
Egyptian exports to the US experience downturn in 2022 despite imports rising | CAPMAS – Loans for Stock in Egypt
At the same time, imports from Egypt to the US saw a positive uptick to reach $6.8 billion Business Today : المصدر Egyptian exports to the US experience downturn in 2022 despite imports rising | CAPMAS
Egypt’s agriculture exports exceed 3.4 million tonnes | AgriMin – Loans for Stock in Egypt
The report showed that Egypt’s agricultural exports increased by more than 432K tons year on year (YoY) until May 17th in 2023, reaching 3.427 million tons, compared to more 2.9 million tons. Business Today : المصدر Egypt’s agriculture exports exceed 3.4 million tonnes | AgriMin
Big 5 Construct Egypt returns to shore up sustainable growth in $68.5 billion market – Loans for Stock in Egypt
The events are free-to-attend and are now open for visitor registration Business Today : المصدر Big 5 Construct Egypt returns to shore up sustainable growth in $68.5 billion market
Egyptian expats’ remittances in Arab countries fall despite trade growth | CAPMAS – Loans for Stock in Egypt
By the end of 2021, the number of Egyptian residents in Arab countries was approximately 7.1 million, according to CAPMAS’ data Business Today : المصدر Egyptian expats’ remittances in Arab countries fall despite trade growth | CAPMAS
Foreign investors can now get one-year residence in Egypt – Loans for Stock in Egypt
This residence can be renewed for six months or a year through the General Authority for Investment and Free Zones (GAFI) depending on how much it takes to kickstart the business. Business Today : المصدر Foreign investors can now get one-year residence in Egypt
Trade exchange between Egypt and Omar increases by 64.6% in 2022 | CAPMAS – Loans for Stock in Egypt
The volume of trade exchange between Egypt and Oman recorded $1.1 billion in 2022, compared to more than $650 million in 2021 Business Today : المصدر Trade exchange between Egypt and Omar increases by 64.6% in 2022 | CAPMAS
Communications and IT sector reached a growth rate of 16.3% | MCITMin – Loans for Stock in Egypt
Talaat said that the ministry’s efforts have contributed to boosting digital exports to reach $4.9 billion. Business Today : المصدر Communications and IT sector reached a growth rate of 16.3% | MCITMin
AfDB approves $345m in partial credit guarantees to support funding of green initiatives – Loans for Stock in Egypt
The bank group’s partial credit guarantee will allow Egypt to raise the equivalent of $500 million in the Panda Bond market Business Today : المصدر AfDB approves $345m in partial credit guarantees to support funding of green initiatives
Egypt’s banking sector witnesses surge in customer deposits, reflecting confidence in economic stability – Loans for Stock in Egypt
Non-government deposits, on the other hand, reached EGP 6.977 trillion by the end of January 2023, compared to EGP 6.628 trillion at the end of the previous year. Business Today : المصدر Egypt’s banking sector witnesses surge in customer deposits, reflecting confidence in economic stability
India’s Flex and Egypt’s SCZone lay foundation for $110 million PET plant in Ain Sokhna – Loans for Stock in Egypt
The project investments amount to $110 million, over an area of 250,000 square meters with a production capacity of 30,000 tons per month Business Today : المصدر India’s Flex and Egypt’s SCZone lay foundation for $110 million PET plant in Ain Sokhna
Egypt’s annual inflation rate hikes to 33.9% in March | CAPMAS – Loans for Stock in Egypt
The annual urban consumer inflation rate in March increased to 32.7% year-on-year up from 31.9% in February Business Today : المصدر Egypt’s annual inflation rate hikes to 33.9% in March | CAPMAS
Egypt’s financial inclusion rate reaches 64.8% by the end of 2022 | CBE – Loans for Stock in Egypt
The indicators in the CBE report showed an increase in financial inclusion rates reflecting a growth rate of 147% since 2016 Business Today : المصدر Egypt’s financial inclusion rate reaches 64.8% by the end of 2022 | CBE
Emirates NBD and United Bank of Egypt issue new high-interest rate CDs – Loans for Stock in Egypt
Last week, Banque du Caire, NBE, Banque Misr, Al Baraka Bank, and Nasser Social Bank also launched new certificates of deposits following Egypt’s Central Bank of Egypt (CBE) recent hike of key interest rates Business Today : المصدر Emirates NBD and United Bank of Egypt issue new high-interest rate CDs
Al-Fakhr group, Egyptians Outdoor sign cooperation agreement to boost advertising sector – Loans for Stock in Egypt
The signing ceremony took place in the UAE capital, Abu Dhabi.
Business Today : المصدر Al-Fakhr group, Egyptians Outdoor sign cooperation agreement to boost advertising sector
Non-oil private sector business continues to shrink for 28th consecutive month – Loans for Stock in Egypt
Non-oil businesses were more optimistic than in the last survey, with the outlook for activity rising to a three-month high; however, it remained among the weakest recorded since the series began in early 2012 Business Today : المصدر Non-oil private sector business continues to shrink for 28th consecutive month
Egypt receives offers to buy stakes in Wataniya and Safi | SFE CEO – Loans for Stock in Egypt
Soliman has previously stated that the SFE will not place limits on how much of the two companies can be bought, saying that “there will be no upper limit” to the size of the stake on offer Business Today : المصدر Egypt receives offers to buy stakes in Wataniya and Safi | SFE CEO
On Breaking Free from the Limiting Beliefs of Gender Bias with Dina El Sewefy – Loans for Stock in Egypt
With over 20 years of experience in public relations, communications, and training, Dina El Sewefy, Founder and CEO of MOUNT PR, is a prominent PR leader and mentor driven by a growth-oriented mindset and undying passion for what she is doing Business Today : المصدر On Breaking Free from the Limiting Beliefs of Gender Bias with Dina El Sewefy
NBE and Banque Misr reveal new 18% and 22% CDs after MPC increases rates by 2% – Loans for Stock in Egypt
The new CDs’ announcement also overlaps with the due dates of the 18% annual yield CDs that started on March 19 Business Today : المصدر NBE and Banque Misr reveal new 18% and 22% CDs after MPC increases rates by 2%
Giza Systems preparing for potential acquisitions worth up to $40M – Loans for Stock in Egypt
After being acquired by KSA’s Solutions by STC, Giza Systems is looking to target companies that have a significant presence in the Saudi market as well as an Egypt-based workforce, according to Sorour Business Today : المصدر Giza Systems preparing for potential acquisitions worth up to $40M
InstaPay carried out over EGP 112.7B worth of transactions last year | CBE – Loans for Stock in Egypt
Launched last year, InstaPay – licensed by the CBE via the National Instant Payment Network – provides Egyptians with a seamless and instant e-payment and transfer method between various banks Business Today : المصدر InstaPay carried out over EGP 112.7B worth of transactions last year | CBE
“Color your life” with a world of colors to enrich your home with luxurious and sophistication from “Jazeera Paints” – Loans for Stock in Egypt
Jazeera Paints, the leading paint manufacturer in Saudi Arabia and Middle East, unveils its latest trendsetting and unique products that cater to everyone’s tastes and color preferences Business Today : المصدر “Color your life” with a world of colors to enrich your home with luxurious and sophistication from “Jazeera Paints”
IFC and CIB team up to develop climate risk management framework – Loans for Stock in Egypt
The International Finance Corporation (IFC) has partnered with the Commercial International Bank (CIB), Egypt’s largest private sector bank, in developing and implementing a robust climate risk management framework Business Today : المصدر IFC and CIB team up to develop climate risk management framework
WB approves new country partnership framework, to provide $7B worth of financing – Loans for Stock in Egypt
The new CPF aligns with the government of Egypt’s Sustainable Development Strategy, “Egypt Vision 2030,” and the country’s National Climate Change Strategy (NCCS) 2050 Business Today : المصدر WB approves new country partnership framework, to provide $7B worth of financing
SFE’s pre-IPO fund prepares Elab as its first public offering – Loans for Stock in Egypt
Egypt aims to sell stakes in 32 state-owned companies on the EGX through IPOs, sales to strategic investors, or a combination of both as part of its state privatization program Business Today : المصدر SFE’s pre-IPO fund prepares Elab as its first public offering
Banks record around 40% increase in net profits in December | CBE – Loans for Stock in Egypt
Net activity revenues reached around EGP 407.592 billion, compared to EGP 272.230 billion, with total expenses recording around EGP 276.758 billion compared to EGP 178.8 billion Business Today : المصدر Banks record around 40% increase in net profits in December | CBE
RiseUp 2023 to kick off, celebrating a decade of supporting local entrepreneurs – Loans for Stock in Egypt
Under the slogan “Stay Real,” this year’s summit is expected to attract more than 14,000 attendees from 60 countries around the world, according to RiseUp Business Today : المصدر RiseUp 2023 to kick off, celebrating a decade of supporting local entrepreneurs
Misr Insurance Holding ownership transferred to TSFE by presidential decree – Loans for Stock in Egypt
The company was previously owned by the Ministry of Public Business Sector and is considered as one of the largest companies in the public business sector Business Today : المصدر Misr Insurance Holding ownership transferred to TSFE by presidential decree
Egypt lowers its economic growth forecast to 4.2% in 2022/23 – Loans for Stock in Egypt
Egypt’s fiscal year begins in July and ends in June.
Business Today : المصدر Egypt lowers its economic growth forecast to 4.2% in 2022/23
Egypt’s trade balance deficit drops 54% in December 2022 | CAPMAS – Loans for Stock in Egypt
The trade balance deficit amounted to $1.93 billion in December 2022, compared to around $4.2 billion recorded in December 2021, driven by a 28% drop in the value of imports Business Today : المصدر Egypt’s trade balance deficit drops 54% in December 2022 | CAPMAS
CBE increases transaction limits on InstaPay digital payment app – Loans for Stock in Egypt
The increase, effective March 15, 2023, is a response to growing demand from customers, with the CBE citing opinion polls Business Today : المصدر CBE increases transaction limits on InstaPay digital payment app
Govt to start procedures for offering Watania, SAFI Wednesday – Loans for Stock in Egypt
Madbouli’s remarks came during his meeting on Sunday with the ministers of petroleum, planning, finance, public business sector and trade, as well as Sovereign Fund of Egypt CEO Ayman Soliman.
Business Today : المصدر Govt to start procedures for offering Watania, SAFI Wednesday
CBE announces new regulations enabling contactless payments through phones – Loans for Stock in Egypt
Under the new regulations, banks will be able to roll out services that support these payments soon, though the statement does not specify a timeline Business Today : المصدر CBE announces new regulations enabling contactless payments through phones
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What Is Securities-Based Lending?
Securities-based lending, or a stock loan, is the practice of using market investments such as stocks, ETF’s, warrants, bonds, or real estate investment trusts as collateral for a loan.
How much money can I get for my securities?
Borrow up to 70% of the value of your pledged investments giving you the capital you need to expand your business, purchase real estate, or tackle a costly project.
What happens if my securities lose value?
With a non-recourse stock loan, you can walk away from your securities at any time and keep the loan money with no negative credit consequences even if the investments lose value.
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Most of the transactions we process take less than 7 days from application to the disbursement of funds giving you cash quickly when you need it most.
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There are no credit checks or personal guarantees necessary with our services. Your pledged securities are the only collateral required for the loan you receive.
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