Inertia Egypt CEO Ahmed El-Adawy reiterated the importance of supporting the real estate segment by the banking sector.
19.01.2023
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News by
Zawya
The conditions are that the funds are to be spent at the end of the period, or 22.5 percent interest rate to be spent monthly.
18.01.2023
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News by
Egypt Independent
The report pointed out that the Egyptian currency may remain under pressure in 2023 due to the accumulation of imports.
18.01.2023
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According to the CBE’s statement, it has covered more than two billion dollars of requests from Egyptian importers during the past three days.
18.01.2023
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News by
Egypt Independent
Annual headline urban inflation recorded an average of 13.9% in 2022 compared to 5.2% in 2021.
18.01.2023
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News by
Daily News Egypt
The issuance of these CDs aimed to contain the rising inflation, which is the highest in four years, by encouraging savings.
17.01.2023
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News by
Ahram Online
MP Ahmed al-Banna said that Egypt’s food security has faced successive crises, starting with the coronavirus pandemic.
17.01.2023
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News by
Egypt Independent
The Egyptian pound weakened to as low as 32.20 to the dollar on Wednesday from 27.60 at the open of trade.
15.01.2023
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News by
Reuters
The US dollar price started with a surge recording LE 32, and then decreased to LE 29.67 on Wednesday.
13.01.2023
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News by
Egypt Today
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
13.01.2023
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News by
Reuters
Commercial International Bank Egypt announced Tuesday, that it would raise the interest on Certificates of Deposit (CDs) for a year and a half.
12.01.2023
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News by
Egypt Independent
The health, interior, foreign, and defence ministries are exempted, as well as agencies tasked with expenditure on subsidised food products and energy
11.01.2023
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News by
Reuters
He pointed out that the new certificates offered by Banque Misr and Al-Ahly Bank, at a rate of 25%, contribute to collecting funds.
11.01.2023
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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.
11.01.2023
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News by
Zawya
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.
11.01.2023
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News by
Ahram Online
The transaction was carried out on 1.90mln of the bank’s shares.
11.01.2023
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News by
Zawya
The report detailed the main targets and commitments the government has pledged under the four-year programme.
11.01.2023
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News by
Ahram Online
Reforms since 2014 ease macroeconomic imbalances, enhance performance of energy sector, and mobilize financing enabled the country to face crises.
10.01.2023
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News by
Egypt Today
The certificates are also available at a 22.5 percent yield for monthly disbursement.
09.01.2023
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News by
Ahram Online
The head of Banque Misr confirmed that this scenario had been repeated before, as banks offered certificates and savings with a 20% return in 2017.
07.01.2023
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