List of Banks in Egypt
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Egypt to receive $271 mln loan from African Development Bank
MP Ahmed al-Banna said that Egypt’s food security has faced successive crises, starting with the coronavirus pandemic.
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Dollars flow into Egypt currency market after depreciation
The Egyptian pound weakened to as low as 32.20 to the dollar on Wednesday from 27.60 at the open of trade.
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Flexible exchange rate helps stabilize commodity prices, avoid random pricing
The US dollar price started with a surge recording LE 32, and then decreased to LE 29.67 on Wednesday.
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Dollars flow into Egypt currency market after depreciation -bankers
The Egyptian pound weakened to as low as 32.20 to the dollar on Wednesday from 27.60 at the open of trade. It has since rebounded to 30.55 on Thursday
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CIB Egypt offers Certificates of Deposit with distinctive return, following NBE, Banque Misr
Commercial International Bank Egypt announced Tuesday, that it would raise the interest on Certificates of Deposit (CDs) for a year and a half.
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Egypt orders ministries to curb spending amid foreign currency crunch
The health, interior, foreign, and defence ministries are exempted, as well as agencies tasked with expenditure on subsidised food products and energy
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Economist expects National Bank of Egypt, Banque Misr to collect EGP1 trillion within 3 weeks
He pointed out that the new certificates offered by Banque Misr and Al-Ahly Bank, at a rate of 25%, contribute to collecting funds.
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Egypt commits to IMF to slow projects, increase fuel prices
In a letter of intent to the IMF dated Nov. 30, the government said it sought the support after the war in Ukraine increased existing vulnerabilities.
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Egypt to receive the second tranche of IMF’s $3 bln loan by end of March
The IMF approved in December a 46-month loan for Egypt under the Fund’s Extended Fund Facility (EFF) to address the impacts of the war in Ukraine.
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HD Bank registers block trading worth over $1.74mln
The transaction was carried out on 1.90mln of the bank’s shares.