US dollar falls below EGP 49 on Tuesday
The US dollar weakened against the Egyptian pound on Tuesday, falling below 49 pounds in many banks, as reported by…
Browsing Tag
NBE
Egypt’s NBE offers 1-yr CD with 23% daily yield
The National Bank of Egypt offers on Thursday new one-year certificate of deposit (CD) starting from 1000 Egyptian…
Egypt’s NBE issues 3-yr CD with up to 30% yield
The National Bank of Egypt (NBE) has issued on Wednesday new three-year certificate of deposit (CD) with a…
Egypt’s currency FX rate hits 46.45 against dollar
Egypt's pound currency weakened on Wednesday to a new low of 46.45 Egyptian pounds against the US dollar, according…
Egypt’s NBE says 9-month pre-tax profits of EGP 89.104b
Egypt's biggest state-run lender, the National Bank of Egypt (NBE) reported profits before tax of 89.104 billion…
Egypt’s NBE announces profit of EGP 46.3 bln in H1 of 2023
State-run National Bank of Egypt (NBE) has achieved profit of 46.340 billion Egyptian pounds in the first half (H1)…
Egypt’s ENR seeks to secure EGP6 bln before year-end: sources
State-run Egyptian National Railways (ENR) plans to secure six billion Egyptian pounds before the end of this year…
Egypt’s SCZone aims to borrow EGP 30bn for green hydrogen projects – sources
The General Authority of Suez Canal Economic Zone (SCZone) seeks to lend 30 billion Egyptian pounds from a…
ADEX inks $100mln of line credit deal with Egypt’s NBE
Abu Dhabi Exports Office (ADEX) has signed a revolving loan facility of $100 million with the National Bank of…
Egypt to sell stake in Banque Misr in 2024
Egypt is eyeing selling a stake in Banque Misr to a strategic investor in 2024, the bank’s chairman Mohamed…
