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Banking
Banque du Caire participates in the panel discussion on “Youth and Climate Change” during COP27 in Sharm El Sheikh
Banque du Caire hosted a panel discussion titled "Youth and Climate Change" as part of the COP 27 activities in Sharm El-Sheikh. During which the necessary mechanisms for applying the best practices…
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Banque Misr issues 3-year savings certificate with 17.25% annual return
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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Egypt’s NBE says new high-yield CDs raise 12 bln pounds in 3 days
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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CBE issues regulatory controls for forward exchange contracts at banks
The Central Bank of Egypt (CBE) issued on Thursday the regulations of forward exchange contracts at banks operating in Egypt.
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NBE offers 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 17.25 percent, its deputy chairman Yehia Aboul Fotouh announced on Thursday.
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Egypt raises rates, moves to flexible exchange rate regime
The Central Bank of Egypt on Thursday raised interest rates by 200 basis points in a special meeting of its monetary policy committee (MPC).
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CIB, NBE close largest ever securitisation bond bond issuance worth EGP 20bn for NUCA
Commercial International Bank – Egypt (CIB), along with the National bank of Egypt (NBE), announced the successful closure of the biggest securitisation bondbond issuance in the Egyptian market,…
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CBE to launch a new EGP index based on gold, basket of currencies-official
The Central Bank of Egypt (CBE) is working on setting an index for the Egyptian pound that will be linked to a basket of gold and other currencies besides the US dollar, the CBE’s acting governor…
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CIB hosts workshop for Egypt’s textile leaders
Commercial International Bank (CIB), Egypt’s leading private sector bank, hosted over 50 leading corporates in the textile sector as part of the third edition of its flagship programme “Sustaining…
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CBE governor to review Egypt’s monetary policies in light of global developments
The Governor of the Central Bank of Egypt (CBE) Hassan Abdalla, will review Egypt’s monetary policies in light of global developments, on Sunday, during the third session on the first day of the…
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