Business
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…
Egypt projects US$18 billion increase in GDP by 2050 due to green hydrogen
July 19, 2023
Egypt projects US$18 billion increase in GDP by 2050 due to green hydrogen
The Information and Decision Support Center of the Egyptian Cabinet issued a report where it predicted a rise in Egypt’s…
IMF welcomes outcomes of Egypt government IPO program
July 17, 2023
IMF welcomes outcomes of Egypt government IPO program
The International Monetary Fund‘s spokesperson Julie Kozack welcomed the Egyptian government’s announcement that it had signed contracts to sell stakes…
US dollar price across Egypt stabilizes by weekend
July 14, 2023
US dollar price across Egypt stabilizes by weekend
The price of the US dollar stabilized on Friday, July 14 coinciding with the weekly holiday for government and private…
CBE issues licensing regulations for digital banks
July 13, 2023
CBE issues licensing regulations for digital banks
The Central Bank of Egypt (CBE) on Wednesday issued rules for licensing, registering, and supervising digital banks, which represents an…
Egypt announces plan to attract $1.9 bln, eyeing total revenues of $191 bln by 2026 : Prime Minister
July 12, 2023
Egypt announces plan to attract $1.9 bln, eyeing total revenues of $191 bln by 2026 : Prime Minister
The Egyptian government will exit a number of government companies, garnering a total of $1.9 billion, Prime Minister Mostafa Madbouly…