Business

With the maturity of 25% CDs approaching, will banks offer up new savings pots?

With the maturity of 25% CDs approaching, will banks offer up new savings pots?

The term for the high-yield certificates of deposits from the National Bank of Egypt and Banque Misr offered this January…
After a 15 day pause, Egypt’s banks resume fees on issuing cards and opening accounts

After a 15 day pause, Egypt’s banks resume fees on issuing cards and opening accounts

Banks operating in Egypt on Sunday resumed collecting fees on opening accounts (current or savings), adhering to the minimum account…
Dollar rates stable at start of Tuesday’s transactions

Dollar rates stable at start of Tuesday’s transactions

The dollar exchange rate was stable at the start of Tuesday’s transactions at Egypt’s major banks. At the National Bank…
CAPMAS: Annual inflation declines to 36.4 percent in November

CAPMAS: Annual inflation declines to 36.4 percent in November

Egypt’s annual core inflation rate declined to 36.4 percent in November 2023 from 38.5 percent in October, according to the…
Inflation in Egypt expected to decrease in 2024 due to Egyptian pound movement: report

Inflation in Egypt expected to decrease in 2024 due to Egyptian pound movement: report

The exchange rate of the Egyptian pound is likely to decline by about 30 percent during the first quarter of…
Why net-zero can mean net profit

Why net-zero can mean net profit

Exclusive content: At the upcoming global stocktake at COP28, the UN’s annual climate change conference, the world’s attention will focus…
What is the digital Egyptian pound, its value and advantages?

What is the digital Egyptian pound, its value and advantages?

The Director of the Cairo Center for Economic and Strategic Studies Abdel Moneim al-Sayed, reviewed the importance of the digital…
Egypt considers issuing bonds in Indian rupees worth US$500 million: Finance Minister

Egypt considers issuing bonds in Indian rupees worth US$500 million: Finance Minister

Egyptian Finance Minister Mohamed Maait said on Tuesday that his country is considering issuing bonds in Indian rupees next year,…
Scammers reportedly steal money through InstaPay

Scammers reportedly steal money through InstaPay

Social media was abuzz with warnings on Saturday about scammers exploiting the “Collect Request” service provided by the InstaPay application,…
UAE and Kuwait extending deposits reveals confidence in Egypt’s economy: Bankers

UAE and Kuwait extending deposits reveals confidence in Egypt’s economy: Bankers

Banking experts said that the UAE and Kuwait’s extension of the deadline for deposits due soon to 2024 and 2026…
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