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Expert explains reasons for raising interest rates on US dollar certificates

Expert explains reasons for raising interest rates on US dollar certificates

Economic expert and lecturer at the American University in Cairo, Hani Genena, said that the main reason for Egyptian banks…
Egypt to establish global logistics zone in Aswan: Governor

Egypt to establish global logistics zone in Aswan: Governor

Aswan Governor Ashraf Attia announced that his governorate is working to establish a global logistics zone to become a commercial,…
Banque Misr, NBE raise return on US dollar certificates

Banque Misr, NBE raise return on US dollar certificates

Banque Misr decided to raise the return on the new US dollar stability certificates for a period of three years,…
CIB official explains decision to increase fees on abroad ATM withdrawals

CIB official explains decision to increase fees on abroad ATM withdrawals

Several Egyptian banks on Wednesday increased fees for using payment and credit cards abroad from three percent to six percent,…
Egypt concludes 1st commercial deal within AFCFTA

Egypt concludes 1st commercial deal within AFCFTA

The Egyptian Minister of Trade and Industry Ahmed Samir announced that Egypt has concluded its first trade deal within the…
EU approves cryptocurrency regulation law

EU approves cryptocurrency regulation law

The Council of the EU has approved a bill regulating cryptocurrencies, especially bitcoin.   The final text of the regulation…
US dollar stabilizes on Friday

US dollar stabilizes on Friday

The price of the US dollar stabilized against the Egyptian pound, on Friday, to record an average exchange rate of…
Banks in Egypt reduce cash withdrawal limits abroad

Banks in Egypt reduce cash withdrawal limits abroad

A number of Egyptian banks have reduced the limits of cash withdrawals for customers outside Egypt, in a measure aimed…
Sawiris plans to establish four new hotels in Egypt

Sawiris plans to establish four new hotels in Egypt

Egyptian billionaire Naguib Sawiris plans to establish four hotels in Egypt, with investments ranging between US$200 and $300 million through…
Egypt’s Tarboul industrial city first phase investments amount to $3 billion

Egypt’s Tarboul industrial city first phase investments amount to $3 billion

The investments of the first phase of the “Tarboul” industrial city project amounts to US$3 billion, Chairman of the Board…
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