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Head of the Export Council for Engineering Industries Sherif al-Sayad warned in a TV interview that if the current trade deficit, standing at $40 billion, continues to exist, Egypt will have to…
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The General Authority for Free Zones and Investment (GAFI) held talks with a Qatari business delegation to probe ways of boosting Qatari investment inflows.
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Banque Misr issued a 3-year Al Qimma certificate of deposit with an annual return of 17.25%, which will be disbursed annually. This return applies to new or automatically renewed certificates of…
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The National Bank of Egypt (NBE) has raised 12 billion Egyptian pounds ($518.4 million) from its high-yielding certificates of deposit, launched when the central bank announced a flexible exchange…
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The US dollar exchange rate against the Egyptian pound was stable at the beginning of Sunday at various major Egyptian banks, registering an average of 23.00 for buying and selling, after increasing…
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Fitch Solutions believes that Egypt’s reaching an agreement on the International Monetary Fund (IMF) loan will help stabilise economic conditions in the short term.
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The Central Bank of Egypt (CBE) issued on Thursday the regulations of forward exchange contracts at banks operating in Egypt.
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The Central Bank of Egypt (CBE) announced on Thursday that it would begin the process of gradually repealing the use of letters of credit for import finance system, ensuring the completion of removal…
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The National Bank of Egypt (NBE), the largest state-run lender, will offer a three-year certificate of deposit at 17.25 percent, its deputy chairman Yehia Aboul Fotouh announced on Thursday.
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The Egyptian pound is falling against the U.S. dollar on Thursday to record 22.35 Egyptian pounds for sale, while 22.45 for purchase at the National Bank of Egypt (NBE).
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