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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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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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Amazon announced the opening of its largest customer service centre in the Middle East region. Located in New Cairo, the centre is designed to serve Amazon’s customers across Egypt, UAE, Saudi Arabia,…
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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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Prime Minister Mostafa Madbouly revealed that a new strategy is being prepared to develop the industrial sector and it will be launched within the next three months.
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Egypt would have plunged into darkness if not for the Zohr natural gas field, President Abdel Fattah Al-Sisi said on Sunday. 
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Egypt’s Prime Minister Mostafa Madbouly said that the exchange rate doesn’t reflect the strength of the economy, and Egypt’s main concern is controlling inflation, pointing out that some countries…
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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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s&P Global Ratings has affirmed Egypt’s B credit rating with a stable outlook on the back of expectations that fresh financial support from the IMF and the GCC will help meet  “large” external…
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