Business
Now is a good time to buy gold, says Egyptian commerce official
August 7, 2023
Now is a good time to buy gold, says Egyptian commerce official
The head of the Jewelry and Gold Division at the Federation of Egyptian Chambers of Commerce Hany Milad announced Saturday…
Will Egyptian banks offer new high-yield CDs?
August 5, 2023
Will Egyptian banks offer new high-yield CDs?
Banking expert Tarek Metwally explained on Friday that the Central Bank of Egypt’s decision on raising interest rate by 100…
CBE raises interest rates by 100 basis points
August 4, 2023
CBE raises interest rates by 100 basis points
The Monetary Policy Committee of the Central Bank of Egypt during its Thursday meeting raised overnight interest rates by 100…
US dollar continues to be stable in Egypt on Wednesday
August 2, 2023
US dollar continues to be stable in Egypt on Wednesday
The price of the US dollar stabilized against the Egyptian pound in government and private banks on Wednesday, August 2.…
Egyptian pound to be devalued in September/October: Morgan Stanley
August 2, 2023
Egyptian pound to be devalued in September/October: Morgan Stanley
US investment bank Morgan Stanley anticipates that the Egyptian pound’s exchange rate against foreign currencies will further decline during September…
Why did Egypt launch savings certificates with unprecedented returns?
July 28, 2023
Why did Egypt launch savings certificates with unprecedented returns?
Experts and analysts believe that the high-yield US dollar savings certificates offered by the National Bank of Egypt and Banque…
AAIB offers savings certificate in EPG with a return of 40%
July 27, 2023
AAIB offers savings certificate in EPG with a return of 40%
The Arab African International Bank (AAIB) in Egypt now offers a savings certificate in Egyptian pounds for a period of…
Vice President of NBE reveals details of new US dollar certificates
July 26, 2023
Vice President of NBE reveals details of new US dollar certificates
The National Bank of Egypt on Wednesday began issuing two new certificates of deposit (CDs) in US dollars for a…
IMF remarks on Egypt’s economy remain positive despite challenges: FEDCOC
July 25, 2023
IMF remarks on Egypt’s economy remain positive despite challenges: FEDCOC
The treasurer of the Federation of Egyptian Chambers of Commerce (FEDCOC), Mohamed al-Fayoumi, said on Monday that the recent statements…
US dollar price stabilizes after long weekend in Egypt
July 24, 2023
US dollar price stabilizes after long weekend in Egypt
The price of the US dollar stabilized on Monday coinciding with the weekly holiday for government and private banks in…