Egypt launches new expat banking initiative to spur inflows
Egypt’s central bank and ministry of foreign affairs on Sunday launched a new initiative aimed at simplifying bank…
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savings
S&P Global: UK consumer confidence stuck in negative territory
UK consumer confidence remained deeply negative in June, with households facing mounting financial pressure from…
German consumer sentiment continues recovery in April – GfK
German consumer sentiment improved further in April, with income expectations and willingness to buy both rising,…
Egypt’s FY20 budget at $166.5mn in savings used to boost investments -minister
The savings of the financial year 2019/2020 budget recorded 2.7 billion Egyptian pounds ($166.5 million) that were…
Egypt banks have EGP 4 trillion worth of ‘not fully utilised’ deposits, savings – official
Egyptian banking sector has a total of 4 trillion Egyptian pounds ($253.9 billion) in deposits and savings, which…
Egypt Post raises interest rates on deposits to 10.25%: Chairman
Egypt's postal authority, Egypt Post has decided to raise interest rate on savings to 10.25 percent as of November…
Savings Fund deposits jump 14% in FY2015-16: Egypt’s CAPMAS
Deposits in savings fund of Egypt's Postal Authority reached 100.6 billion Egyptian pounds (US$11.3 billion) in…
Ericsson plans to stop manufacturing in Sweden, cut 3,000 jobs
Mobile telecoms equipment maker Ericsson plans to close the last of its Swedish manufacturing sites as part of…
Egypt’s cabinet cancels daylight saving time
Egypt's cabinet decided Monday to scrap daylight savings time following recent confusion over whether to restore…
Private banks lift interest on deposits, savings accounts in Egypt
Private banks operating in the Egyptian market decided against increasing interest rates on their savings…