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Business
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Economy
3/24/2024 3:26:16 PM
Commercial International Bank (CIB) has raised the yields on its new EGP-denominated fixed-rate certificates of deposits (CDs) by two percent, for the second time in two months, up to 24 percent on some of the three-month certificates, according to the bank’s website.
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Business
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Economy
3/6/2024 5:16:55 PM
The National Bank of Egypt (NBE) and Banque Misr (BM), Egypt’s largest state-owned banks, announced on Wednesday the launch of three-year certificates of deposits (CDs) with initial annual interest rates of up to 30 percent, which decrease gradually.
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Business
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Economy
2/16/2024 6:12:53 PM
Egyptian banks' one-year maturity saving certificates of deposits (CDs), which offer a high annual yield of 27 percent or a monthly yield of 23.5 percent, have attracted a record EGP 642 billion in just 42 days, according to reports.
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Business
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Economy
1/25/2024 7:08:02 PM
The National Bank of Egypt (NBE) and Banque Misr collected EGP 471 billion in proceeds through their high-yield certificates of deposit (CDs) within three weeks following issuance, the chairmen of the two banks said in press statements on Wednesday.
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Business
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Economy
1/21/2024 6:14:25 PM
The Commercial International Bank (CIB) has issued new premium certificates of deposits (CDs) that offer a fixed monthly yield of up to 22 percent, according to the bank’s website.
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Business
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Economy
1/15/2024 3:32:04 PM
The de-escalation in the conflict between Russia and Ukraine and the introduction of new high-yield certificates in Egypt could lead to a decline in gold prices, said Lotfi El-Monieb, deputy head of the Gold Division at the Federation of Egyptian Chambers of Commerce (FEDCOC).
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Business
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Economy
1/13/2024 5:11:43 PM
Egypt's Nasser Social Bank (NSB) has launched new certificates of deposit (CDs) that offer an annual yield of up to 20 percent, with a three-year maturity period, according to a Cabinet statement on Saturday.
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Business
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Economy
1/11/2024 10:36:34 PM
Wall Street is slipping Thursday after a warmer-than-expected report on inflation forced some investors to push back forecasts for when the Federal Reserve could deliver long-sought cuts to interest rates.
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Al-Ahram Weekly
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Egypt
1/9/2024 9:41:25 PM
New high-yield savings certificates have been introduced by Egypt’s banks in a bid to curb inflation and put the brakes on gold, reports Safeya Mounir
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Business
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Economy
1/6/2024 2:50:01 PM
The National Bank of Egypt (NBE) and Banque Misr collected EGP 11 billion in proceeds through their high-yield certificates of deposit (CDs) within 24 hours following issuance, Mohamed El-Etreby, head of Banque Misr and chairman of Federation of Egyptian Banks, said on Friday.
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Business
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Economy
1/4/2024 7:32:09 PM
The National Bank of Egypt (NBE) and Banque Misr announced Thursday issuing new certificates of deposits (CDs) with 23.5 percent and 27 percent annual yields, respectively.
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Egypt
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Foreign Affairs
12/19/2023 8:03:00 PM
Egypt announced Tuesday that the recently revived negotiation track over the long-standing dispute caused by the Grand Ethiopian Renaissance Dam (GERD) has reached an end as the fourth and final trilateral round of talks with Ethiopia and Sudan, which concluded earlier today, failed to yield any results.
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Al-Ahram Weekly
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Features
12/5/2023 8:54:54 PM
The Ministry of Agriculture is developing new strains of rice that can save water and have higher yields as a solution to shortages and increasing prices in the marketplace, writes Mai Samih
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Business
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Economy
10/30/2023 2:59:58 PM
Egypt's efforts to open up residential property ownership to foreign individuals have yielded success in the third quarter of 2023 (3Q 2023).
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Business
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Economy
10/16/2023 6:07:31 PM
Egypt issued on Monday the first sustainable Panda bonds in the Middle East and North Africa at ¥3.5 billion ($500 million) with a yield of 3.5 percent over three years, according to a statement by the Ministry of Finance.
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World
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International
8/24/2023 7:49:23 PM
Donald Trump is set to surrender Thursday to authorities in Georgia on charges that he schemed to overturn the 2020 election in that state, a booking process expected to yield a historic first: a mug shot of a former American president.
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Business
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Economy
8/3/2023 7:58:53 PM
The Commercial International Bank (CIB) launched Thursday a one-year USD-denominated certificate of deposits (CDs) with a monthly yield of 6 percent.
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Business
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Economy
7/27/2023 6:09:00 PM
The state-owned National Bank of Egypt (NBE) and Banque Misr announced issuing new three-year US-dollar certificates of deposits (CDs) with seven percent and nine percent yields to be paid quarterly or annually in US dollars or Egyptian pounds.
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Business
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Economy
7/26/2023 10:07:37 PM
The Arab African International Bank (AAIB) has issued three-year certificates of deposit (CDs) with a 40 percent yield to be paid in advance, according to a statement on Wednesday.
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Business
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Economy
7/25/2023 2:20:39 PM
The state-owned National Bank of Egypt (NBE) and Banque Misr are each issuing two US dollar-denominated annual-yield certificates of deposit (CDs) with a maturity of three years, which will be available for purchase starting Wednesday.
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