On Thursday, the NBE and Banque Misr announced issuing new CDs with 23.5 percent and 27 percent annual yields, respectively.
07.01.2024
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News by
Ahram Online
Egypt’s Net International Reserves increased by $47 million to record $35.22 billion in December, its highest level since May 2022.
05.01.2024
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News by
Ahram Online
The National Bank of Egypt (NBE) and Banque Misr announced Thursday issuing new certificates of deposits (CDs) with 23.5 percent and 27 percent annual
05.01.2024
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News by
Ahram Online
A mission from the International Monetary Fund (IMF) would probably visit Cairo in January to finalize a new time frame for the loan agreement.
05.01.2024
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News by
Ahram Online
Senate member Ahmed Samir said that the Central Bank of Egypt (CBE) has not officially announced the flotation of the Egyptian pound so far.
05.01.2024
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News by
Egypt Independent
Egyptian banks will be closed on Sunday, 7 January, in celebration of Christmas for the Orthodox Church, according to a statement by the Central Bank.
04.01.2024
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News by
Ahram Online
The National Bank of Egypt (NBE) and Banque Misr are set to repay more than EGP 500 billion in principal and interest of 22.5 percent and 25 percent.
04.01.2024
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News by
Ahram Online
Remittances from Egyptians working abroad dropped 29.22 percent to $4.52 billion in the first quarter of the fiscal year 2023/2024.
04.01.2024
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News by
Ahram Online
This environment could lead to tightening financial conditions, stirring a wave of credit pressure, and reducing the available funding.
03.01.2024
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In the following report, we present the price of the Egyptian pound against the most important currencies of the BRICS countries.
02.01.2024
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If you deal in the currency parallel market, you should beware of frozen dollar notes, which are invalid currency with deactivated serial numbers.
28.12.2023
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News by
Ahram Online
At the National Bank of Egypt (NBE) and Banque Misr, the dollar rate registered LE 30.75 for buying and LE 30.85 for selling.
27.12.2023
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News by
Egypt Independent
This helps to stop the misuse that has been monitored on foreign currency transactions abroad and at home through credit cards.
25.12.2023
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The circular explained that these updated controls came with reference to the supervisory controls for banks regarding combating money laundering.
25.12.2023
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The main objective of these agreements, as outlined in the MoIC report, is to support Egypt's efforts to achieve comprehensive and sustainable growth.
25.12.2023
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News by
Egypt Today
According to the CBE, the core inflation rate declined for the fifth time in a row – recording 35.9 percent in November.
24.12.2023
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News by
Egypt Independent
According to recent data from the Central Bank of Egypt, there was a reported 38 percent decline in remittance flows during the first half of 2023.
24.12.2023
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News by
Egypt Today
This leaves the overnight deposit rate at 19.25 percent, the overnight lending rate at 20.25 percent, the rate of the main operation at 19.75 percent.
22.12.2023
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News by
Egypt Today
In November 2023, Egypt achieved a successful sale of nearly $500 million worth of 5-year Samurai bonds in the Japanese market.
21.12.2023
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News by
Egypt Today
Half of the loan will be dedicated to Egyptian private MSMEs in regions outside of Cairo and Alexandria.
21.12.2023
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News by
Ahram Online
