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World
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International
2/21/2025 3:29:49 PM
Kyiv and Washington are engaged in talks over a deal to hand the United States preferential access to Ukraine's mineral deposits, a source in Kyiv told AFP on Friday -- despite a dramatic spat between leaders Volodymyr Zelensky and Donald Trump.
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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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Al-Ahram Weekly
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Economy
8/6/2024 11:16:58 PM
Ahmed Abdel-Hafez reports on Saudi Arabia’s plans in Egypt after its conversion of its bank deposits into direct investments
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Business
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Economy
8/1/2024 6:32:19 PM
The Saudi Minister of Investment Khalid Al-Falih stated Thursday during a meeting with the Egyptian Prime Minister Mostafa Madbouly that Saudi Arabia is currently directed towards converting its deposits at the Central Bank of Egypt (CBE) into investments.
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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
3/6/2024 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
1/21/2024 6:14:25 PM
The Commercial International Bank (CIB) has issued new premium certificates of deposits (CDs) that offer a fixed monthly yield of up to 22 percent, according to the bank’s website.
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Business
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Economy
1/15/2024 3:32:04 PM
The de-escalation in the conflict between Russia and Ukraine and the introduction of new high-yield certificates in Egypt could lead to a decline in gold prices, said Lotfi El-Monieb, deputy head of the Gold Division at the Federation of Egyptian Chambers of Commerce (FEDCOC).
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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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Business
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Economy
11/30/2023 10:47:57 PM
The UAE has renewed a $1 billion deposit at the Central Bank of Egypt (CBE) for three years to 1 July 2026 instead of 1 July 2023, according to the External Position report released on Thursday.
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Business
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Economy
11/13/2023 1:42:42 PM
Kuwait has prolonged the tenor of a $4 billion deposit at the Central Bank of Egypt (CBE) to support the country’s international reserves, according to data released by the bank.
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Business
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Economy
8/3/2023 7:58:53 PM
The Commercial International Bank (CIB) launched Thursday a one-year USD-denominated certificate of deposits (CDs) with a monthly yield of 6 percent.
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Business
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Economy
7/27/2023 6:09:00 PM
The state-owned National Bank of Egypt (NBE) and Banque Misr announced issuing new three-year US-dollar certificates of deposits (CDs) with seven percent and nine percent yields to be paid quarterly or annually in US dollars or Egyptian pounds.
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Business
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Economy
7/26/2023 10:07:37 PM
The Arab African International Bank (AAIB) has issued three-year certificates of deposit (CDs) with a 40 percent yield to be paid in advance, according to a statement on Wednesday.
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Business
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Economy
7/25/2023 7:26:32 PM
The state-owned National Bank of Egypt (NBE) and Banque Misr announced on Tuesday a bundle of new services and privileges for Egyptians working aboard.
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Business
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Economy
7/13/2023 3:28:15 PM
Foreign currency deposits at Egyptian banks have reached around $50 billion and they are safe, said the Federation of Egyptian Banks (FEB) in a statement on Wednesday.
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Business
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Economy
7/11/2023 6:19:28 PM
Saudi Arabia has deposited $2 billion into Pakistan's central bank, the government said Tuesday, a much-needed financial boost ahead of a critical meeting of the International Monetary Fund on the new bailout package for the cash-strapped South Asian country.
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Business
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Economy
6/14/2023 10:19:16 PM
Egyptian bank assets increased by 14 percent to nearly EGP 13 trillion ($420.71 billion) during the first three months of 2023, up from EGP 11.4 trillion recorded at the end of December 2022, according to data released by the Central Bank of Egypt (CBE) on Wednesday.
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