|
Business
-
Economy
1/16/2023 4:56:56 PM
The National Bank of Egypt (NBE) and Banque Misr are set to stop the issuance of the certificates of deposit (CDs) with 25 percent annual yield before the end of January as the proceeds have covered the target, the two banks announced on Monday.
|
|
Business
-
Economy
1/11/2023 5:38:00 PM
In a dramatic performance on Wednesday, the Egyptian pound hit its lowest-ever price of EGP 31 against the US dollar, losing over 100 percent of its value since March before slowing down to EGP 29.63 at the Central Bank of Egypt (CBE) and major banks.
|
|
Opinion
-
Opinion
1/11/2023 4:25:00 PM
There is no doubt that the Egyptian economy is going through some challenging times.
|
|
Business
-
Economy
1/9/2023 4:56:21 PM
The Egyptian pound continued its downward trend on Monday, depreciating by 50-60 piastres against the US dollar in major banks.
|
|
Business
-
Economy
1/8/2023 2:16:31 PM
Proceeds from the 25 percent saving certificates launched on Wednesday by the National Bank of Egypt (NBE) and Banque Misr (BM) reached nearly EGP 100 billion in only 48 hours, NBE Vice Chairman Yahia Abou El-Fotouh said on Saturday.
|
|
Business
-
Economy
1/5/2023 10:03:32 PM
National Bank of Egypt (NBE) and Banque Misr (BM) announced on Thursday that they are going to open their branches nationwide on upcoming holidays to sell their new one-year maturity saving certificates with a 25 percent yield to the public.
|
|
Business
-
Economy
1/4/2023 4:40:00 PM
The Egyptian pound lost over 10 percent of its value against the US dollar in Wednesday’s transactions at major banks, a few hours after the National Bank of Egypt (NBE) and Banque Misr offered new 25-percent-yield saving certificates.
|
|
Business
-
Economy
1/4/2023 12:30:27 PM
The National Bank of Egypt (NBE) and Banque Misr have issued new one-year maturity saving certificates with a 25 percent yield after one year, the highest yield on record, the two banks announced on Wednesday.
|
|
Business
-
Economy
10/27/2022 1:53:00 PM
Banque Misr has raised the annual yield of the three-year saving certificates to 17.25 percent, the bank announced on Thursday.
|
|
Business
-
Economy
10/20/2022 9:20:22 PM
The exchange rates for the dollar and Euro at the beginning of Thursday's transactions in major banks in Egypt were stable.
|
|
Advertising
-
Sponsored
10/16/2022 7:25:46 PM
Mastercard has announced a strategic investment in Nclude, a fintech focused VC investment platform launched in partnership with Egypt’s leading national banks - Banque Misr, National Bank of Egypt and Banque Du Caire - to further boost Egypt’s vibrant fintech ecosystem and support the country’s digital transformation journey.
|
|
Business
-
Economy
10/8/2022 7:15:16 PM
State-owned banks National Bank of Egypt (NBE) and Banque Misr (BM) announced on Saturday that they were going to raise interest rates on their dollar-saving certificates from 2.25 to 5.30 percent annually.
|
|
Business
-
Economy
5/30/2022 10:06:01 PM
State-owned National Bank of Egypt (NBE) and Banque Misr cancelled on Monday the high-yield 18 percent return one-year saving certificates of deposit after collecting EGP 750 billion in around 70 days.
|
|
Al-Ahram Weekly
-
Economy
5/10/2022 10:24:03 PM
The recent deal between Banque Misr and Banque du Caire is a step towards putting the latter up for sale in an IPO, experts tell Safeya Mounir
|
|
Al-Ahram Weekly
-
Egypt
4/6/2022 11:48:00 AM
New deposit certificates offering an 18 per cent interest rate have seen a huge public turnout.
|
|
Business
-
Economy
4/4/2022 9:57:42 PM
The National Bank of Egypt (NBE) and Banque Misr announced Monday that the proceeds of the one-year saving certificates with a 18 percent return, launched on 21 March, amounted to EGP 423 billion by the end of the day and in a span of two weeks.
|
|
Al-Ahram Weekly
-
Economy
3/22/2022 10:09:43 PM
Egypt’s fintech ecosystem received a major boost this week with the launch of new funding arrangements, reports Niveen Wahish
|
|
Business
-
Economy
3/22/2022 2:45:35 PM
Proceeds from certificates of deposit offered by state-owned banks on Monday – the National Bank of Egypt (NBE) and Banque Misr – reached EGP 13 billion in the first day of offering, the two banks announced on Tuesday.
|
|
Business
-
Tech
3/20/2022 1:23:23 PM
Egypt’s largest national banks — Banque Misr, National Bank of Egypt (NBE), and Banque du Caire — as well as Global Ventures launched on Sunday ‘Nclude’, a new fintech support fund.
|
|
Business
-
Energy
11/15/2021 11:20:33 AM
The European Bank for Reconstruction and Development (EBRD) considers extending $100 million to Egypt’s national bank Banque Misr for the sake of accelerating climate action efforts in the country.
|