Slashing interest rate protects real estate industry from COVID-19
CBE’s decision to cut interest rate by 3% is a very proactive step towards strengthening the economy, says Real Estate Development Chamber
saib aims to achieve 200% growth in net profit year-end: chairperson
Bank has 1.31% market share of total loans, 1.47% deposit market share: El Khouly
COVID-19 to slash at least 1.5% off global growth this year: Focus Economics
The coronavirus has spurred fears of a global recession. According to Focus Economics’ survey, 64% of panellists now expect a global recession in the next 12 months, up from 43%…
Coronavirus postpones IPOs of Banque du Caire, TAQA Arabia
Sukuk, securitisation issues take the lead, especially as interest rates drop
Orange Egypt Participates in Baheya’s Foundation “21 Days” Breast Cancer Campaign
In an effort to support women with breast cancer and out of its eagerness to be part of all humanitarian initiatives aimed at developing and supporting women in general and…
Banque Misr, NBE to offer electronically saving certificates with 15% yield
To ensure safety of customers, employees, new certificates to be available only via mobile, internet banking, call centres, email: Banque Misr chairperson
CBE increases daily ATM withdrawal limits to EGP 30k, EGP 40k for individuals, companies respectively
The CBE added that issuing the prepaid cards to citizens will be free of charge for a period of six months, provided that the cards are contactless, if a bank…
COVID-19 to halve global GDP growth to 1.3% in 2020: Fitch
Oil prices to reach $41 a barrel in 2020, $48 next year, says report
Will EGX rally on NBE, Banque Misr EGP 3bn package continue, or will it be short-lived?
EGX30 down 17.7% last week despite Thursday's session 5% increase
Summit Technology Solutions implements remote work system for number of clients to combat Coronavirus
STS was able to provide its customers with free use of the technologies that allow employees in customer contact centres to work remotely, especially in light of the challenges imposed…