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Business - Economy
11/24/2022 12:49:39 PM
Egypt has witnessed stable exchange rates of the US dollar, EGP 24.5 on average, and a slight rise of the euro, recording EGP 25.6, on Thursday morning at major banks.

Business - Economy
11/21/2022 2:42:04 PM
The Central Bank of Egypt (CBE) issued on Monday a circular to banks operating in the Egyptian market announcing they will no longer manage low-interest rate initiatives issued by the bank across several sectors in the country, handing off the responsibility to the Ministry of Finance

Business - Economy
11/18/2022 3:13:10 PM
Eurozone banks are set to pay back on Friday just under 300 billion euros ($311 billion) in cheap loans paid out by the European Central Bank, the institution said, as it looks to ease sky-high inflation.

Business - Economy
10/31/2022 8:10:41 PM
The US dollar exchange rate was stable at the end of Monday's trading at Egypt's major banks.

Business - Economy
10/27/2022 10:00:48 PM
The US dollar exchange rate recorded a rise of 3.15 pounds at the end of Thursday's transactions at Egypt's major banks.

Business - Economy
10/26/2022 12:21:51 PM
Egypt has witnessed stable exchange rates of the US dollar and the Euro currencies at the beginning of Wednesday transactions at major banks.

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.

Business - Economy
10/18/2022 4:47:32 PM
The exchange rates for the US dollar and Euro at the beginning of Tuesday's transactions in major banks in Egypt were stable.

Advertising - Advertisement
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.

World - Africa
10/15/2022 2:54:07 PM
Ethiopia has ordered banks to deny foreign currency to businesses importing non-priority goods, in an effort to shore up dwindling foreign reserves in one of Africa's major economies.

Al-Ahram Weekly - Egypt
10/12/2022 11:13:00 AM
The Central Bank of Egypt is taking measures to support the Egyptian pound as inflation continues to rise

Business - Economy
10/10/2022 9:22:20 PM
A US trio including ex-Federal Reserve chief Ben Bernanke, who played a key role battling the 2008 financial crisis, won the economics Nobel on Monday for research on banks in times of turmoil.

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.

World - Region
10/5/2022 1:09:16 PM
A Lebanese lawmaker entered a bank branch unarmed on Wednesday with two of her lawyers to free trapped dollar deposits she needs to pay for surgery, her lawyer said.

Business - Energy
10/4/2022 5:01:08 PM
The ECB's banking supervisor on Tuesday warned banks against easing capital requirements for energy suppliers and traders struggling with huge volatility in the sector, as this could enhance the vulnerability of financial institutions.

War in Ukraine - Economy
9/28/2022 11:50:15 AM
Turkey's booming wartime trade with Moscow took a giant step back on Wednesday with confirmation that the last three banks still processing Russian payments were pulling out under pressure from Washington.

Business - Economy
9/26/2022 9:48:16 PM
The governor of the South African Reserve Bank recently announced an increase in the lending rate by 75 basis points. This means the repo rate (the rate at which the central bank lends money to commercial banks) will increase from 5.5% to 6.25% and the prime rate (the rate commercial banks charge their clients when lending them money) rises from 9.0% to 9.75%.

Business - Economy
9/26/2022 9:09:57 PM
Experts have been eyeing national and private banks’ steps in the wake of the Central Bank of Egypt's (CBE) recent decision to keep interest rates unchanged and raise the Reserve Requirement (RR) ratio for the first time in five years.

Business - Markets & Companies
9/23/2022 5:32:31 PM
Stocks tumbled worldwide Friday on more signs the global economy is weakening, just as central banks raise the pressure even more with additional interest rate hikes.

World - International
9/22/2022 11:10:09 PM
Stocks fell on Wall Street in afternoon trading on Thursday and added to weekly losses for major indexes as central banks around the world hiked interest rates to fight inflation.

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