Banque Misr raises EGP 31 billion from high-yield certificates in three days
Egypt's second-largest state lender Banque Misr has collected 31 billion Egyptian pounds ($1.7 billion) from a new…
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Egypt’s central bank
Egypt’s newest savings certificates are ‘temporary’, to be deactivated soon – sources
Egypt’s new high-yield savings certificates are part of “temporary and exceptional” procedures and will not last…
Egypt’s central bank hikes rates 1% in surprise meeting
Egypt's central bank has convened a surprise monetary policy meeting this morning to hike interest rates by 1…
Fitch sees Egypt’s central bank to raise rates at March 24 meeting
Egypt’s central bank will raise key interest rates in its upcoming 24 March monetary policy meeting, said Ratings…
Remittances from Egyptians abroad grow 6.4% y-o-y in 2021: CBE
Remittances from Egyptians working abroad grew by 6.4 percent year-on-year to around $31.5 billion in 2021 from…
Egypt’s net foreign reserves increase to $40.993 billion in February
Egypt’s net foreign reserves increased to around $40.993 billion at the end of February from $40.980 billion at the…
Egypt’s net foreign reserves inch up to $40.980 billion in January
Egypt’s net foreign reserves inched up to $40.980 billion at the end of January from $40.934 billion at the end of…
Standard Chartered to open first branch in Egypt next Sept.– c.bank official
Britain’s Standard Chartered Bank will open its first branch in Egypt by next September at maximum, Egyptian…
KfW’s Green for Growth Fund wins licence to provide Tier II capital to Egyptian banks
German development bank KfW’s Green for Growth Fund (GGF) announced on Monday it had been granted a licence from…
Standard Chartered gets initial approval for first Egypt branch
Standard Chartered Bank has obtained preliminary approval from Egypt’s central bank to open its first branch in the…
