Slower monetary easing to support banks’ profitability: HC
The research department of HC Securities & Investment has released its latest evaluation of Commercial International Bank stock (COMI), projecting that Egypt’s banking sector profitability will benefit from a slower…
Opinion | How are large loans granted?
There is a common, but mistaken, belief that when a bank grants a loan worth billions of pounds to a large company, it deducts these funds directly from customer deposits…
Banque du Caire launches three-year certificate at 17.25% monthly yield, 18-month deposit at 22%
Banque du Caire has launched a new three-year savings certificate offering a competitive monthly return, alongside an 18-month term deposit with an attractive interest rate, as part of its strategy…
CIB launches three-year certificates with competitive fixed, variable returns
The Commercial International Bank (CIB) has introduced a new suite of three-year savings certificates offering competitive returns and flexible payout structures, aimed at customers seeking either stable or market-linked income.…
Indonesian transit fee proposal and US threats against Iranian oil ships heighten alarm over Strait of Malacca
Concerns over the vulnerability of the Strait of Malacca have escalated after Indonesian Finance Minister Purbaya Yudhi Sadewa briefly proposed imposing transit fees mirroring Iranian actions in the Strait of…
Pentagon to withdraw 5,000 troops from Germany over Iran war dispute
The United States will withdraw 5,000 military personnel from Germany within six to 12 months following a dispute over Washington's strategy in the Iran war, a decision that has prompted…
The Facility Investing for Employment launches a New Call for Proposals in Egypt
©️ KfW Bildarchiv / photothek.net The Facility Investing for Employment has launched a competition round in Egypt. Companies as well as public and non-profit organisations can apply for co-financing grants.…
Defence Minister oversees ‘Badr 2026’ live-fire drill
Egypt’s Defence Minister Ashraf Salem Zaher oversaw the main phase of the “Badr 2026” tactical military exercise, conducted by a unit of the Third Field Army with live ammunition, as…
Al-Sisi pushes broader educational partnership with Hiroshima University
Egyptian President Abdel Fattah Al-Sisi discussed expanding cooperation in education and technology with Hiroshima University President Mitsuo Ochi, underscoring the growing educational partnership between Egypt and Japan. According to the…
Iran warns of ‘unprecedented’ response as US escalates pressure in Strait of Hormuz
Iran and the United States sharply escalated rhetoric over the Strait of Hormuz on Wednesday, with Tehran warning of an “unprecedented practical military response” if Washington maintains its naval blockade…