Egyptian pound falling to EGP 22.35 against dollar
The Egyptian pound is falling against the U.S. dollar on Thursday to record 22.35 Egyptian pounds for sale, while…
National Bank of Egypt to offer three-year certificate of deposit at 17.25%
The National Bank of Egypt (NBE), the largest state-run lender, will offer a three-year certificate of deposit at…
Egypt to gradually repeal letters of credit system for imports
The Central Bank of Egypt (CBE) announced on Thursday that it would begin the process of gradually repealing the…
BREAKING: Egypt’s central bank liberalises pound currency
Egypt’s central bank decided to liberalise the exchange rate of the Egyptian pound, sending directives to the banks…
Egypt’s central bank raises key interest rates by 200 bps at exceptional meeting
Egypt's central bank said on Thursday it had hiked interest rates by 200 basis points in an exceptional meeting of…
Arab Financial Services launches acquiring, payment acceptance services in Egypt
Innovative payment platform Arab Financial Services (AFS) on Wednesday announced the launch of its acquiring…
Egypt increases minimum wage for public employees to EGP 3,000 – PM
Egypt’s Prime Minister Mostafa Madbouly announced on Wednesday that the government has raised the minimum wage for…
Egypt’s ITIDA helps outsourcing firms to fulfill EU’s high demand for ICT professionals
Egypt’s Information Technology Industry Development Agency (ITIDA) has announced that 21 local IT companies have…
Egypt’s Dar Al-Ifta launches 1st climate-related fatwa to preserve environment
Egypt’s Dar Al-Ifta has launched a fatwa charter aims to confront climate change, which is based on Islamic morals…
Mercedes-Benz to leave Russian markets, sell shares to local investor
Germany’s Mercedes-Benz announced on Wednesday that it will sell its assets, industrial and financial services…
