EGX main winner of US dollar appreciation
Research from Prime Securities said that banks are on top of the list of stocks to benefit from higher interest rates and treasury yields given the robust loan portfolio growth…
Egypt allocates EGP 130bn to cushion impact of global economic challenges
Minister of Finance Mohamed Maait revealed that starting April, the 8% bonus will be applied to employees who are addressed by the provisions of the Civil Service Law. Meanwhile, public…
CBE raises interest rate by 1% in exceptional meeting, Egyptian pound declines significantly
The CBE believes in the importance of exchange rate resilience to absorb shocks and maintain Egypt’s competitiveness: MPC
Egypt’s Al-Sisi discusses draft budget for FY 2022/23
Al-Sisi directs government to prepare social protection measures to mitigate effects of global economic repercussions
US dollar exchange increases EGP 1.75 against backdrop of interest rise
Greenback records EGP 17.4 for purchase and EGP 17.5 for sale at National Bank of Egypt on Monday, compared to EGP 15.64 for purchase and EGP 15.74 for sale on…
NBE, Banque Misr offer one-year 18% saving certificates
Yehia Abou El-Fotouh, Vice Chairperson of the NBE, said the bank’s new one-year saving certificates’ interest will be paid monthly.
Egypt’s Monetary Policy Committee increases key policy rates by 1% in extraordinary meeting
Objective of raising policy rates is to anchor inflation expectations, contain effects of supply shocks: MPC
Poland’s President will visit Egypt soon to consolidate relations between two countries: Polish Ambassador
‘We are not advocates of war and all scenarios with Russia are possible,’ says Michal Labenda
Egypt’s Health Minister discusses bilateral cooperation with Zambian Ambassador
The Zambian ambassador thanked Egypt for providing logistical support to the health sector of his country
Brmaja acquires 70% of Wellness Plus mental health platform
Brmaja Innovation owns 70% of the new entity, where the platform will be characterised by its design and programming by Brmaja Innovation, including the mobile application and the website, in…
