Egypt’s central bank hiked overnight interest rates by 300 basis points on Thursday, December 22, in an attempt to curb inflation rates.
06.01.2023 Egypt Independent
Bank confirms acquisition of additional 2.4% stake in ADIB Egypt.
06.01.2023 Zawya
NBE announced on Thursday that 140 of its branches nationwide will be opened on both Friday (from 2 PM to 6 PM) and on Sunday (from 9 AM to 3 PM).
06.01.2023 Ahram Online
In total, MENA’s startups raised $125 million over 38 deals in December, bringing the total amount raised in 2022 to $3.6 billion.
06.01.2023 Ahram Online
Prime Minister Mostafa Madbouli stated during the ceremony that 6,340 new classrooms were built in Sohag at a cost of LE2 billion.
06.01.2023 Egypt Today
Currency flexibility is a key demand by the International Monetary Fund, which approved a 46-month, $3 billion financial rescue package in October.
05.01.2023 Reuters
This is the highest ever in Egypt. return of the certificate is paid at 25% interest at the end of the term, or at a monthly rate of 22.5%.
05.01.2023 Egypt Today
Nafie said that: “The ministry handed over the Egyptian people to greedy merchants, and helped to magnify the role of monopolists".
05.01.2023 Egypt Independent
The two banks have now become a single legal entity after receiving final regulatory approvals, including those of the Central Bank of Egypt.
05.01.2023 Marketscreener
The Central Bank announced that the balance of foreign exchange reserves increased to $34.002 billion at the end of December 2022.
05.01.2023 asumetech
