The bank also announced the offering of an eight-year certificate with a variable return of 21 percent annually.
28.02.2024
|
News by
Egypt Independent
ICD has provided $315 million in financing to Egypt, supporting private sector companies, financing lines to banks, and direct investments.
20.02.2024
|
News by
Banque Misr
According to the reports, the National Bank of Egypt (NBE) attracted EGP 450 billion and Banque Misr collected EGP 227 billion.
18.02.2024
|
News by
Ahram Online
Due to Egypt's foreign currency challenges and the need for stricter financial oversight, CBE implemented new rules for using credit cards abroad.
Papers by
Egypt Business Directory
Customers who fail to provide documented evidence of credit card use during their stay abroad within a max of 90 days will be subject to measures.
13.02.2024
|
News by
Ahram Online
This announcement was made during a meeting between Egypt's Prime Minister, Mostafa Madbouly, and the President of the World Bank, Ajay Banga.
13.02.2024
|
News by
Egypt Today
Georgieva noted that the fund seeks “To give a dose of confidence to the Egyptian economy by enhancing the size of the support program.”
13.02.2024
|
News by
Egypt Independent
JP Morgan expects that any currency adjustment will be accompanied by an increase in deposit interest rates by an additional 2 percent.
12.02.2024
|
News by
Egypt Today
EBC manages and develops various domestic payment ecosystems in Egypt, including the Instant Payments Network (IPN) and the InstaPay application.
12.02.2024
|
News by
Ahram Online
Egypt's banking sector remains dynamic amidst evolving economic landscapes, demonstrating resilience and agility in the face of challenges.
Survey by
Egypt Business Directory
The change in the return rate on the NBE certificates of deposit came on Sunday, with the previous interest rate of 19.5 percent rising to 21.5.
08.02.2024
|
News by
Egypt Independent
A clean float of currency means leaving the currency price to be determined by supply and demand in the market without any intervention from the CBE.
07.02.2024
|
News by
Egypt Independent
The Egyptian government is keen to further its cooperation with the World Bank in managing state-owned companies and enhancing their efficiency.
07.02.2024
|
News by
Ahram Online
The Central Bank of Egypt (CBE) announced Monday an increase in the reserves of foreign currencies by about 30 million dollars.
06.02.2024
|
News by
Ahram Online
The IMF had postponed reviews of Egypt's current program, agreed upon over a year ago, awaiting authorities to allow a more flexible exchange rate.
05.02.2024
|
News by
Egypt Today
CBE stated it has not issued new directives regarding adjustments to the daily withdrawal limit in Egyptian pounds for individuals and corporations.
02.02.2024
|
News by
Ahram Online
This adjustment sets the rates at 21.25%, 22.25%, and 21.75% respectively, in a strategic move to curb inflation and stabilize the national economy.
02.02.2024
|
News by
See news
NBE has launched a new debit card for customers with US dollar accounts, named Visa Platinum, to facilitate customers' overseas purchases.
02.02.2024
|
News by
Ahram Online
The 12-month non-deliverable forward contracts for the Egyptian pound against the US dollar surged to an all-time high of EGP 63.
02.02.2024
|
News by
Ahram Online
CBE reduced the daily cash withdrawal limits in Egyptian pounds for corporations and individuals to EGP 150,000, according to a message sent to banks.
01.02.2024
|
News by
Ahram Online
