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Business
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Economy
1/11/2024 10:43:56 PM
Gold prices surged 15 percent year-on-year (YoY) to $2,078 per ounce in 2023, its all-time-high, supported by the increased demand by central banks and the geopolitical risks that benefit a haven like gold, according to a report by the World Gold Council (WGC).
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Business
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Economy
1/11/2024 7:36:44 PM
Some Egyptian banks have reduced foreign currency credit card spending limits, a banking source confirmed to Ahram Online on Thursday.
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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
1/9/2024 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
1/3/2024 2:45:12 PM
Egyptian banks will be closed on Sunday, 7 January, in celebration of Christmas for the Orthodox Church, according to a statement by the Central Bank of Egypt (CBE) on Wednesday.
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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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Business
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Economy
12/27/2023 12:55:19 PM
The Central Bank of Egypt (CBE) has announced that banks in the country will be closed on Monday, 1 January, on the occasion of the end of the fiscal year for banks operating in the country, according to a statement by the CBE
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Business
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Economy
12/26/2023 7:49:02 PM
Egypt Post has suspended foreign currency withdrawals and purchases through EasyPay cards, according to SMSs sent to clients’ mobile numbers.
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Business
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Economy
12/25/2023 4:02:52 PM
The Central Bank of Egypt (CBE) has given banks six months to comply with the updated anti-money laundering and terrorism financing regulations issued on 19 December, according to a circular posted on Monday.
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Business
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Economy
12/23/2023 6:43:27 PM
Global central banks’ reserves of US dollars declined to 59.2 percent during the third quarter of 2023 from 59.4 percent the previous quarter, the lowest figure since Q4 of 2022, according to the latest data released by the International Monetary Fund (IMF).
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Business
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Economy
12/18/2023 5:28:10 PM
The number of ATMs with features supporting people of determination in Egypt surged by nearly 23 percent to 4,950 in December from around 4,000 in January, according to a statement by the Central Bank of Egypt (CBE) on Monday.
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Business
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Economy
12/4/2023 5:57:05 PM
Global payment technology company MasterCard has entered into a strategic alliance agreement with the Egyptian digital payment company MDP to enhance the payments ecosystem for banks and non-financial institutions in the Middle East and Africa, according to a statement on Monday.
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Business
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Economy
11/29/2023 2:44:10 PM
The European Bank for Reconstruction and Development (EBRD) is seeking the acquisition of minority stakes in state-owned financial institutions earmarked for privatization in Egypt, Heike Harmgart, head of EBRD's south- and east-Mediterranean operations, said on Tuesday.
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Business
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Economy
11/1/2023 3:30:33 PM
Egypt’s external debt declined marginally to $164.73 billion during the fourth quarter of the fiscal year (FY) 2022/2023 from $165.36 billion in the previous quarter, according to data released by the Central Bank of Egypt (CBE) on Wednesday.
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Business
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Economy
10/26/2023 12:42:16 PM
S&P Global has revised down the long-term credit ratings for three Egyptian banks; including two major state-owned banks, to B- from B.
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Business
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Economy
10/23/2023 8:15:49 PM
The Central Bank of Egypt (CBE) revised the deadline for transferring the export proceeds of gold artefacts to banks from 7 days to 30 days, according to a circular on Monday.
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Al-Ahram Weekly
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Egypt
10/17/2023 8:21:45 PM
Safeya Mounir reports on why Egypt’s banks have suspended debit card purchases abroad
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Business
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Markets & Companies
10/16/2023 3:38:53 PM
Egypt’s state-owned Banque Misr has secured a $234 million loan from the International Financial Corporation (IFC), the financial arm of the World Bank, to offer financing to privately-owned micro, small, and medium-sized enterprises (MSMEs) in the country.
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