As CBE adopts flexible exchange rate, will 2016 scenario be repeated?

Earlier this week, the CBE’s acting governor Hassan Abdallah said that the bank’s priority amid the ongoing phase is to curb the inflation rates and keep prices stable in the…

Fatma Salah

Egypt: IMF reaches staff-level agreement on $3bn Extended Fund Facility Arrangement

The new EFF aims to safeguard macroeconomic stability and debt sustainability, improve Egypt’s resilience to external shocks, strengthen the social safety net, and step-up reforms that underpin higher private-sector-led growth…

Daily News Egypt

Banque Misr issues 3-year savings certificate with 17.25% annual return

The bank issued another certificate of deposit with 16.25% annual return, which will be disbursed quarterly.

Daily News Egypt

NBE offers 3-year savings certificate with annual return of 17.25%

The bank issued another 3-year certificate with annual return of 16.25%, which will be disbursed quarterly, and with annual return of 16.5% in case of biannual disbursement.

Daily News Egypt

Egypt’s Environment Minister highlights preparations for hosting COP27 in Sharm El-Sheikh

Fouad stressed Egypt’s keenness to involve everyone in climate change solutions

Daily News Egypt

Shoukry confirms Egypt’s readiness to support development efforts in The Gambia

Ahmed Abu Zeid, spokesperson for the Ministry of Foreign Affairs, said that the meeting stressed the importance of strengthening bilateral relations and coordination in foreign policy files of common interest,…

Sami Hegazi

TSFE aims to increase its capital to EGP 1trn over next 5 years

Abu Dhabi’s ADQ to participate in Pre-IPO Fund: Hala El-Said

Fatma Salah

NBE delegation follows up on ITI-supported training academy

ITI, NBE partnership enhances capabilities of human resources: Heba Saleh

Daily News Egypt

UAE’s direct investment in Egypt registers $4.6bn in first 9 months of FY2022: Madbouly

During his speech at the 50th anniversary celebration on Wednesday, Madbouly said that the UAE’s direct investment in Egypt reached $4.6bn during the first nine months of fiscal year (FY)…

Daily News Egypt

TMG, Baraka Group sign agreement to launch 7 new locations at All Seasons Park in Madinaty

Upon opening, All Seasons Park will welcome well-known brands including the likes of Beverly Hills Polo Club, Inglot, Mellow, People and New Balance, while C&Co

Mohamed Samir