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Business
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Economy
4/23/2025 3:30:26 PM
State-owned National Bank of Egypt (NBE) and Banque Misr adjusted their high-yield savings certificates on Wednesday following the Central Bank of Egypt’s (CBE) first interest rate cut in five years.
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Business
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Tech
2/18/2025 2:42:21 PM
Fawry said in a statement on Tuesday that it has partnered with Banque Misr and the Egyptian Banks Company for Technological Advancement (EBC) to launch a new interoperable cash-in and cash-out service for e-wallets via the Meeza Digital Scheme.
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Business
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Markets & Companies
1/28/2025 1:25:24 PM
Mastercard, in partnership with Money Fellows and Banque Misr, announced Monday that it will launch a prepaid card in Egypt to enhance financial inclusion.
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Business
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Tech
12/11/2024 11:01:39 AM
The National Bank of Egypt (NBE) launched Tuesday Apple Pay service activation trials for secure contactless payments, Chairman of the NBE and the Federation of Egyptian Banks Mohamed El-Etreby told CNN Business.
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Business
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Economy
10/25/2024 4:27:39 PM
Raising the yields on US dollar-denominated certificates and other deposits by Banque Misr does not indicate an expected devaluation of the local currency or problems regarding the availability of the US dollar in the local market, financial market analyst Ahmed Moaty told Ahram Online.
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Business
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Economy
9/10/2024 2:58:08 PM
The National Bank of Egypt (NBE) and Banque Misr announced Monday that they raised foreign currency spending limits on credit cards for transactions outside Egypt to $5,000 (EGP 300,000).
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Business
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Economy
6/25/2024 1:51:00 PM
Some state-owned and private banks in Egypt raised on Tuesday the limits of credit cards when being used abroad, improving the availability of hard currency liquidity in the banks.
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Business
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Economy
3/29/2024 6:09:44 PM
The exchange companies affiliated with Egypt's three largest state-owned banks have collected foreign currency proceeds surpassing EGP 7.5 billion in total since the devaluation of the Egyptian pound on 6 March, the companies' chiefs told the state news agency MENA.
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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
3/18/2024 5:21:23 PM
The US dollar rate has continued to decline against the Egyptian pound since the Central Bank of Egypt (CBE) announced on 6 March that it would let the value of the local currency be set by market forces.
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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
2/1/2024 3:52:05 PM
The National Bank of Egypt (NBE) has launched a new debit card for customers with US dollar accounts, named Visa Platinum, to facilitate customers' overseas purchases, according to a statement released by the state-owned bank on Thursday.
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Business
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Economy
1/30/2024 5:43:05 PM
Egypt's state-owned Banque Misr (BM) has issued a new debit card exclusively for US dollar accounts, named Visa Platinum, enabling account holders to make purchases inside or outside of Egypt with a monthly limit of $20,000, an informed source at the bank told Ahram Online (AO).
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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
1/9/2024 6:01:30 PM
The Central Bank of Egypt (CBE) has instructed all banks operating in the country to apply a minimum interest rate of 24 percent on loans, sources in the banking sector revealed to Ahram Online.
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Business
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Economy
1/7/2024 7:17:41 PM
The National Bank of Egypt (NBE) and Banque Misr expect to collect over EGP 500 billion in proceeds through January from their newly introduced certificates of deposit (CDs), Mohamed El-Etreby, head of Banque Misr and chairman of the Federation of Egyptian Banks (FEB), said on Saturday.
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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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Business
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Economy
1/3/2024 12:30:10 PM
The National Bank of Egypt (NBE) and Banque Misr are set to repay more than EGP 500 billion in principal and interest of 22.5 percent and 25 percent one-year certificates of deposits (CDs) issued in January 2023.
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