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Business - Economy
Egypt treasury gained $385 mln under special car-import deal for expats
4/8/2023 10:28:44 PM
Egypt has added $385 million to its treasury from an initiative that allows Egyptians living abroad to import cars customs-free against depositing equivalent sums in hard currency in five-year CDs.
Business - Economy
More banks in Egypt issue high-yield CDs with various maturities, yields
4/5/2023 2:10:37 PM
A group of Egyptian banks have issued high-yield certificates of deposit (CDs), following the lead of the National Bank of Egypt (NBE), Banque Misr, Commercial International Bank (CIB), and Qatar National Bank (QNB).
Business - Economy
Proceeds of NBE, Banque Misr's fresh high-yield CDs record EGP 109 bln in three days
4/5/2023 2:10:17 PM
Proceeds of the high-yield certificates of deposit (CDs) of the National Bank of Egypt (NBE) and Banque Misr have reached EGP 109 billion since their issuance on Sunday, read the statements of the two state-owned banks.
Business - Economy
Egypt's Nasser Social Bank to issue Haya Karima CDs
4/5/2023 12:00:00 AM
The Haya Karima Foundation has partnered with Nasser Social Bank (NSB) to issue Haya Karima certificates of deposit (CDs) with a minimum value of EGP 500, according to a cabinet statement released on Tuesday.
Business - Economy
QNB, CIB issues high-yield saving certificates
4/4/2023 3:34:44 PM
Qatar National Bank (QNB) and Commercial International Bank (CIB) have issued new certificates of deposit (CDs), following the lead of two major banks in Egypt.
Business - Economy
Egypt’s gold prices fall by 3.18% on Monday after new CDs garner EGP 67 billion on first day
4/4/2023 12:10:38 AM
Prices of gold in Egypt dropped by around 3.18 percent on Monday after new high-yield certificates of deposit (CDs) issued by the National Bank of Egypt (NBE) and Banque Misr collected EGP 67 billion ($2.16 billion) in proceeds on the first day of issuance.
Business - Economy
NBE, Banque Misr new CDs attract EGP 67 bln in 24 hours
4/3/2023 1:08:00 PM
The National Bank of Egypt (NBE) and Banque Misr have collected EGP 67 billion ($2.16 billion) in proceeds from two new high-yield certificates of deposit (CDs) in the 24 hours following issuance, the two banks announced.
Business - Economy
NBE and Banque Misr issue new CDs with 19% and 22% yield over three years
4/2/2023 11:00:17 AM
The National Bank of Egypt (NBE) and Banque Misr have recently issued two new certificates of deposit (CDs) with fixed yields of 19% and a decreasing yield of 22%. In a joint statement, the central banks announced the issuance of a CD with a 19% annual yield over three years.
Business - Economy
Egypt’s macroeconomy to face challenges with maturity of 18% yield CDs this month: Experts
3/9/2023 12:49:35 PM
The one-year certificates of deposit (CDs), with 18 percent annual yield the National Bank of Egypt (NBE) and Banque Misr issued in March 2022, will mature on 19 March, raising questions about the local market's reaction.
Business - Markets & Companies
CIB Egypt issues 5.25 percent CDs in three Arab Gulf currencies
2/28/2023 11:48:26 PM
The Commercial International Bank (CIB) announced on Tuesday the issuing of new three-year-maturity savings Certificate of Deposits with a 5.25 percent annual yield in the currencies of three Arab Gulf countries - the Saudi Arabian riyal, the Qatari riyal and the United Arab Emirates's dirham.
Business - Economy
Could Egypt depend less on 'hot money' as source to bolster its FX reserves in the short term?
2/3/2023 3:59:46 PM
Could Egypt lower its dependency in the short term on "hot money" as a source of securing liquidity in foreign exchange amid the government's plan to focus on attracting more direct investments in a longer term strategy for strengthening the economy? Ahram Online asked various analysts.
Business - Economy
Egyptian banks' high-yield certificates of deposit pull in EGP 460 billion
1/30/2023 10:50:07 PM
Proceeds from the 25 percent and 22.5 percent saving certificates of deposit (CDs) offered by Banque Misr and the National Bank of Egypt (NBE) garnered EGP 460 billion in less than a month, said Chairman of the Federation of Egyptian Banks and Banque Misr Mohamed El-Etreby said.
Business - Economy
Egypt’s NBE, Banque Misr to stop issuing 25% CDs before end of January
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
Egyptian pound depreciates against US dollar to trade at EGP 27 on Thursday
1/5/2023 4:27:10 PM
The Egyptian pound continues to fall against the US dollar to trade at over EGP 27 for the dollar at the end of this week's transaction.
Business - Economy
Egypt 5-yr CDS rise to highest since August 2017: Markit
12/15/2018 11:11:16 AM
Business - Economy
Turkey CDS jump to highest since mid-July after Moody's downgrade
9/26/2016 1:10:35 PM
Business - Economy
Egypt's public banks to issue Euro certificates for citizens abroad
3/13/2016 2:51:21 PM
Business - Economy
National Bank of Egypt raises rates on dollar deposit certificates
3/9/2016 3:32:34 PM
Egypt - Politics
Former security head of Egypt television union acquitted of destroying 25 January footage
6/17/2015 9:59:42 PM
Prosecution said he ordered the destruction of six compact discs (CDs) that contained footage of the events of the 25 January 2011 uprising, as well as "consequent events"
Egypt - Politics
Saudi ambassador presents video of embassy 'attacks' to Egypt's general prosecutor
9/19/2011 12:22:30 PM
The Saudi embassy - a few blocks from the Israeli embassy and Giza security building - submits a video as evidence in the investigation of 9 September clashes and embassy attacks in the area
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