Companies in Egypt can now issue multiple sukuk with single approval from the Financial Regulatory Authority (FRA), according to the recent amendments
22.08.2023
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News by
Ahram Online
Banque Misr and the National Bank of Egypt are now offering up new US dollar savings certificates, characterized by high returns.
22.08.2023
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News by
Egypt Independent
The due diligence for the acquisition of the United Bank is scheduled to start by the end of September 2023.
22.08.2023
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News by
Ahram Online
The Egyptian Cabinet has approved permitting the IFC, to issue Egyptian pound bonds in international markets.
21.08.2023
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News by
Ahram Online
Abdalla succeeded the former governor Tarek Amer, who resigned from the position a year before the end of his term.
21.08.2023
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News by
Egypt Today
The bank’s financial statements revealed an increase in net income from return in local currency by 58%.
21.08.2023
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News by
Zawya
The periodicity of disbursing the return on this type of certificate is quarterly, the minimum purchase period and duration is 3 years.
17.08.2023
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News by
Egypt independent
The standalone financial indicators of Al Baraka Bank during the first half of 2023 showed that a rate of return on average assets was achieved by 2.2
16.08.2023
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News by
zawya
The sudden 100 basis point hike, raising the rates to 19.25 percent, took the majority of analysts, including Capital Economics, by surprise.
15.08.2023
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News by
Egypt Today
The Central Bank of Egypt (CBE) auctioned €600 million ($656.29 million) worth of treasury bills on Monday, according to the bank's website.
15.08.2023
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News by
ahram online
The IMF’s first review was originally scheduled for March, but failed to take place.
14.08.2023
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News by
Egypt independent
This follows the increase in minimum operating capital required by the central bank, currently at E£5bn.
13.08.2023
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News by
african business
The MOU will focus on collaboration on talent development for the workers in the Egyptian financial sector,
10.08.2023
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News by
Ahram Online
In order to obtain the offer, the buyer should use the credit cards of the National Bank of Egypt to pay the first installment of the third month.
09.08.2023
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News by
Egypt Independent
The bonds due in February 2026 increased about 0.9 cents on the dollar to 53.4, snapping its biggest gain since July 14.
07.08.2023
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News by
See News
The interest rate on the platinum certificate with a variable return offered through the NBE is expected to increase from 18.5% to 19.5%.
07.08.2023
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News by
See News
The rates of the overnight deposit and lending return were raised by 100 basis points, to reach 19.25%, 20.25% and 19.75%, respectively.
06.08.2023
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News by
Egypt Today
The Commercial International Bank (CIB) launched Thursday a one-year USD-denominated certificate of deposits (CDs) with a monthly yield of 6 percent.
06.08.2023
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News by
ahram online
In the January-March 2023 period, the EGX-listed bank posted a 148.96% leap in consolidated net profit.
06.08.2023
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News by
zawya
Metwally added that after the decision, the variable interest rates on deposits will rise directly by one percent.
06.08.2023
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News by
Egypt independent
