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For the first time in the Egyptian banking sector… “AUB” launches “EDGE” package with exclusive benefits
AUB - Ahli United Bank- Egypt, one of the prominent banks operating in the market, launched its new and unique product, the "EDGE package" with multiple and exclusive benefits for customers, and it is…
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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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Egypt’s President Sisi gives investor applicants three-month golden license
President Sisi inaugurates a number of projects of the National Initiative for Industrial Development “Start,” giving a three-month golden license to investor applicants to facilitate procedures for…
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Egypt’s GAFI invites Qatari investors to apply on ‘Golden License’
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 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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US dollar traded at average of EGP 23.1 at beginning of week
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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IMF loan to stabilise Egypt’s economic situation: Fitch Solutions
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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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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Egypt to gradually cancel letters of credit system for imports
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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