Business
Proceeds from 1st day of Egyptian banks issuing CDs at LE11 billion
January 7, 2024
Proceeds from 1st day of Egyptian banks issuing CDs at LE11 billion
The proceeds of the new certificates of deposits, offered by the National Bank of Egypt and Banque Misr on Friday…
Why have NBE and Banque Misr introduced new CDs?
January 6, 2024
Why have NBE and Banque Misr introduced new CDs?
Economist Ashraf Ghorab explained the reasons behind why the National Bank of Egypt, and Banque Misr are offering two certificates…
Central Bank yet to announce flotation of Egyptian pound: MP
January 4, 2024
Central Bank yet to announce flotation of Egyptian pound: MP
Senate member Ahmed Samir said that the Central Bank of Egypt (CBE) has not officially announced the flotation of the…
Iran to ditch using US dollar from trade and economic transactions
January 2, 2024
Iran to ditch using US dollar from trade and economic transactions
The Iranian Deputy Foreign Minister Ali Bagheri Kayani, has confirmed that Iran is planning to abolish the use of the…
Central Bank of Egypt to soon allow ATM withdrawls for InstaPay users
December 30, 2023
Central Bank of Egypt to soon allow ATM withdrawls for InstaPay users
The Deputy Assistant Governor of the Central Bank of Egypt (CBE) for Banking Operations and Payment Systems Ehab Nasr announced…
Central Bank postpones fee imposition on InstaPay indefinitely
December 29, 2023
Central Bank postpones fee imposition on InstaPay indefinitely
The Central Bank of Egypt (CBE) on Thursday moved decided to postpone the imposition of fees on the InstaPay application…
Dollar prices stable at major Egyptian banks
December 26, 2023
Dollar prices stable at major Egyptian banks
CAIRO, Dec 25 (MENA) – The exchange rate of the US dollar against the Egyptian pound was stable at the…
US dollar exchange rate will decrease against Egyptian pound: MP
December 25, 2023
US dollar exchange rate will decrease against Egyptian pound: MP
Egyptian MP Mahmoud al-Saeedi, a member of the Economic Committee in the House of Representatives, predicted that the US dollar…
International Finance Corporation invests up to US$7 billion in Egypt
December 23, 2023
International Finance Corporation invests up to US$7 billion in Egypt
Egyptian Minister of International Cooperation & Governor of Egypt at the World Bank Group, Rania al-Mashat, met on Friday with…
Will the Central Bank of Egypt’s decision to fix interest rate be reflected in prices?
December 23, 2023
Will the Central Bank of Egypt’s decision to fix interest rate be reflected in prices?
The Central Bank of Egypt on Thursday moved to fix the base interest rate at its eighth and final meeting…