Egypt: CBE relaunches monetary policy report for Q1 2025
Arab Finance: The Central Bank of Egypt (CBE) relaunched its quarterly Monetary Policy Report (MPR) for the first quarter (Q1) of 2025 in line with its strategy to implement an inflation-targeting framework and improve its policy transparency.
The report highlighted that M2 growth has accelerated to an average of 30.6% in Q1 2025, compared to an average of 19.5% in Q1 2024. This was driven by the banking system's net foreign assets (NFAs) and the replenishing of FX reserve buffers.
On a monthly basis, M2 growth retreated to 25.8% in March 2025, compared to 33.9% in February, as the revaluation effects dissipated.
The banking system's NFAs witnessed a positive performance, recording $15.1 billion in March 2025, after remaining in negative territory since February 2022.
This came backed by f the Ras El-Hikma investment deal, as the portfolio inflows improved following the exchange rate unification, attributing to a rebound in workers' remittances and the support of multilateral institutions.
© 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
6 hours ago
- Zawya
IL Cazar Developments launches The C project in Ras El Hekma with investments of EGP 30bln
Cairo – IL Cazar Developments announces the launch of its second project in Ras El Hekma, 'The C', located at Kilometer 188. The project spans an area of 114 feddans, with total investments estimated at EGP 30 billion. 'The C' offers an integrated residential and leisure experience on the Mediterranean coast. The project is designed on levels to enhance direct sea views and add a distinctive aesthetic dimension to the site. Only 20% of the total land area will be developed, aiming to maintain residents' privacy and offer a limited number of units for a refined and exclusive living experience. The majority of the land will be dedicated to stunning landscaped areas, including water features and open green spaces, enhancing quality of life and creating a serene, harmonious environment. 'The C' includes more than 20 water features, including lakes, infinity pools, shaded water pathways, and private islands equipped with state-of-the-art amenities. Also, it features modern architectural designs ensuring direct sea views for all units, delivering a unique residential experience and reflecting the company's ambitious vision to set new standards in the development of high-end coastal communities in Egypt. The project offers a wide range of residential units, standalone villas, twin houses, chalets, penthouses, and private beach cabins. Unit sizes range from 154 square meters to 355 square meters, offering flexible options to suit various lifestyles and family needs. 'The C' also includes a comprehensive suite of leisure and service facilities such as a five-star hotel, two clubhouses, sports platforms, international restaurants, and a wellness and relaxation center. Nader Khozam, Chairman and CEO of IL Cazar Developments, expressed his enthusiasm for the new launch, stating: 'The launch of 'The C' is a strategic step in our expansion plan to strengthen our presence in Egypt's prime coastal destinations, and to offer integrated urban concepts rooted in innovation and sustainability. This project is our second in Ras El Hekma and our third launch in 2025, clearly reflecting the accelerated growth of our operations and the ongoing trust of our clients in our strategic direction.' He added: 'The C' emphasis IL Cazars' commitment to implementing a clear development vision and a comprehensive strategy aligned with Egypt's 2030 Vision– particularly in enhancing tourism infrastructure, promoting sustainable lifestyles, and attracting investment to the North Coast, as a key driver of urban and tourism growth in Egypt.' It is worth noting that IL Cazar Developments is a leading company known for delivering innovative residential and tourism communities in Egypt. Its projects are characterized by rapid execution and high-quality construction. Through its eighth project, 'The C', IL Cazar aims to solidify its position as a pioneering developer in the advanced coastal tourism sector and to actively contribute to achieving the state's goals of comprehensive development and the creation of upscale, sustainable urban communities.
Zawya
7 hours ago
- Zawya
Minister of Health visits Health-Insights pavilion at Africa Health ExCon
Health-Insights Participates in Africa Health to Strengthen Its Presence Locally and Internationally Eng. Mostafa El Shafei: Health-Insights Provides Its Solutions to Approximately 58 Hospitals in Egypt and Aims to Increase This Number to Nearly 200 Within a Year Cairo: As part of its strategy to strengthen its presence in both local and international markets, Health-Insights (SAE), a leading provider of hospital systems, software, and healthcare technology solutions, participated in Africa Health ExCon, held in Cairo from June 25 to 27. The company's participation aimed to showcase its latest products and smart solutions designed to improve the efficiency of medical services and healthcare facility management. Engineer Mustafa El Shafei, Chairman of Health-Insights, said in press statements today that the Health-Insights pavilion was honoured by a visit from Dr. Khaled Abdel Ghaffar, Minister of Health and Population, and Dr. Hisham Steit, Chairman of the Unified Procurement Authority. They were briefed on the company's latest systems aimed at transforming hospitals and clinics into an integrated digital system. He added that numerous African and Arab delegations visited the company's pavilion and expressed their great interest in localizing these technologies in their countries to enhance the efficiency of the healthcare sector. El Shafei pointed out that his company's efforts are in line with the Egyptian state's plan to promote the digital transformation strategy in the healthcare sector to improve the quality of life for citizens and facilitate patients' lives. El Shafei explained that the company provides innovative technological solutions to approximately 58 clients in the hospital sector and aims to reach approximately 200 clients within the year. For his part, Dr. Emad El Malki, the company's legal advisor, said: "We are pleased to participate in the Africa Health ExCon exhibition, which represents an ideal platform to showcase our technological innovations." which aims to develop the digital infrastructure of the healthcare sector in Egypt and Africa. He added that the company offers smart solutions that contribute to improving the efficiency of medical services and facilitating the management of medical resources, which positively impacts the quality of services provided to patients. Al-Maliki emphasized the Egyptian state's commitment to integrating modern technology into the healthcare system. 'The interaction of African and Arab delegations with our solutions during the exhibition reflects their confidence in the company's capabilities, and we are ready to provide the necessary technical support to implement these systems in their countries,' he explained. Dr. Wissam Heggy, Chief Medical Officer at Health-Insights, said that the company seeks to strengthen its presence in African and Arab markets, offering integrated solutions that can be scaled to suit the needs of each country. She explained that Health-Insights is committed to its pioneering role in advancing technological innovation to serve patients and improve the quality of healthcare. She noted that participating in the exhibition is part of Health-Insights' strategy to build strategic partnerships with governments and the private sector to achieve digital transformation in healthcare, noting that Africa Health ExCon is one of the most important medical events on the continent, bringing together experts and decision-makers to discuss ways to develop the health sector. It is worth noting that the integrated technological solutions offered by the company represent an integrated system capable of managing health facilities with high efficiency, from initial operation to daily management, covering all operational aspects, including: - Integrated medical diagnostic and therapeutic systems - Intelligent administrative systems for managing human resources and inventory - Data analysis systems and key performance indicators (KPIs) - Financial accounting solutions and accurate cost calculations - Clinical decision support systems to improve treatment outcomes - Patient satisfaction measurement platforms using intelligent facial expression analysis technologies - ERP solutions and programs - Unified medical record management
Khaleej Times
8 hours ago
- Khaleej Times
Rethinking wealth management for the region's modern affluent
Not long ago, paying a Dewa or ADDC bill meant standing in line at a kiosk, handing over cash, and losing precious time. Now, it's three taps on your phone. So seamless today, we forget how painful it used to be. That shift didn't just make payments easier; it rewired our expectations. We now expect services to be invisible, intuitive, and consistent. And yet, managing wealth still feels stuck in the past. Moving cash into a high-yield fund, making a currency transfer, or accessing investment opportunities too often means chasing relationship managers, navigating paper forms, and negotiating opaque fees. This isn't a technology problem. It's an incentive problem. The Middle East and North Africa's (Mena) wealth industry was built for two ends of the spectrum: retail mass-market and ultra-high-net-worth elite. The segment in between, what we call the 'modern affluent,' with $100,000 to $5 million in investable assets, has long been overlooked. These are professionals, entrepreneurs, and globally mobile families. Their needs are different, yet most traditional institutions still operate on outdated assumptions: that wealth equals exclusivity, human advisors must act as gatekeepers, and opacity protects margins. The result? A confusing, fragmented, and surprisingly analog experience for a digital-first generation. It's not just inconvenient. It reflects a deeper misalignment between what today's affluent actually want and what legacy institutions are providing. What the modern affluent actually wants Affluent investors in the region aren't just underserved; they're increasingly dissatisfied. A 2022 Accenture survey revealed that 38 per cent wealthy UAE respondents were actively looking to change their wealth manager. Avaloq's 2024 investor survey pinpointed why. Among affluent investors in the UAE, the top reasons for switching included a lack of trust in their assigned advisor (44 per cent) and high fees (44 per cent). Others cited poor transparency (39 per cent) and limited access to preferred products (38 per cent). These aren't isolated complaints. They reflect systemic flaws: opaque pricing, conflicted advice, and outdated offerings. Strip away the complexity, and the modern affluent's expectations are clear: ● Transparency: Clear pricing, no hidden fees or commissions. ● Accessibility: The ability to act — from reallocating idle cash to diversifying portfolios — without delays. ● Consistency: A seamless experience, regardless of who they talk to or which channel they use. Digital platforms can solve these pain points elegantly. But solving them doesn't mean removing the human element. Advice still needs a human voice You can Google or ChatGPT your symptoms for hours. But when it really matters, you still call your doctor or mom. Why? Because trust isn't just about information. It's about who delivers it, and whether they genuinely care. Money is no different. Even with endless data and tools, when the stakes involve family, future, or legacy, most people still want advice from someone they trust. That advice, however, needs to evolve. The modern investor doesn't need a product pusher. They need fiduciary advisers — credible, aligned, and empathetic — whose success is measured by client outcomes. And it's not just about access to a human. If that adviser is hard to reach, only calls to sell something, or isn't digitally enabled, trust erodes quickly. Today's clients expect more frequent, proactive, and personalised engagement. In fact, 82 per cent of UAE investors say multi-channel availability is critical to trust, and 58 per cent value advisers who proactively share opportunities. A quarterly call no longer cuts it. A quarterly call no longer cuts it. The future is hybrid: using digital tools to personalize at scale while preserving the emotional intelligence only humans can offer. Why the region's wealth model must change now This isn't theoretical. The UAE is now the world's leading destination for migrating millionaires, attracting a record net inflow of 6,700 high-net-worth individuals in 2024 — nearly double the number expected in the US. This surge reflects more than tax advantages or lifestyle appeal. It signals a generational shift: a new class of self-made, digitally native professionals and entrepreneurs choosing to base their futures — and their wealth — in the region. These 'modern affluents' are startup founders, senior professionals, family business successors, and dual-income couples living global lives from Dubai, Riyadh, or Doha. They don't want their parents' wealth manager. They want someone who speaks their language and aligns with their values. As this wealth base grows, expectations will rise. Institutions that fail to modernize will fall behind. A quiet shift is already underway We're seeing it firsthand: clients who value fiduciary advice, digital access, and full fee transparency. Clients who expect idle cash to work harder, who want global market opportunities without friction, and who expect their advisor to genuinely have their back. This transformation won't be dramatic. It will be quiet, steady, and inevitable — client by client, decision by decision — until the old model fades away. Just like with bill payments, we'll eventually look back and wonder why we tolerated a wealth system that was so clunky and misaligned. The modern affluent doesn't want a marble-lined branch office and a complimentary latte. They want clarity, control, and the confidence that their wealth is working for them. And increasingly, they're finding it. Vault represents that shift. We're not digitising yesterday's model — we're building a new one from the ground up with the modern affluent as our core focus. Because the future of wealth in Mena doesn't belong to legacy institutions. It belongs to a new generation of earners, investors, and decision-makers — who expect more, and deserve it. The writer is co-founder and CEO, Vault Wealth Limited
