NBE, Banque Misr invest EGP 3bn in EGX
Both banks to offer 1-year saving certificates with 15% yield on Sunday
FRA sets 6-month time limit for Federation for Securities to hold internal elections
Constituent committee to hold elections online
WBG expands its financial commitment to combat COVID-19 to $14bn
It’s essential that we shorten the time to recovery, says Malpass
Remittances in Egypt reach $26.8bn in 2019: CBE
The CBE added that remittances in the second half (2H) of 2019 surged by about $1.6bn to $13.7bn, compared to $12.1bn in the corresponding period in 2018.
I coached Pharaohs under impossible conditions; and may return to Egypt one day: Bradley
Egypt’s defeat in Kumasi is the most difficult moment in my football career, says American coach
Euro 2020, Copa America postponed due to Coronavirus
FIFA supports UEFA and CONMEBOL's decision, intends to reschedule Club World Cup 2021
General budget bears EGP 6bn extra expenses after cutting electricity prices for factories: source
Law allows government to adjust power prices and bear cost difference
EFG Hermes reports EGP 4.8bn revenues, 36% y-o-y net profit increase to EGP 1.4bn in 2019
Revenue growth of 20% y-o-y was supported by strong results at both the Group’s Investment Bank and NBFI platforms
Limited interest rate reductions on banks’ certificates despite CBE rate cut
NBE, Banque Misr reduce interests of variable-return certificates only, hold them on two most important savings vessels
Limited positive impact on fiscal maneuverability after rates cut, yet downside risks remain: Beltone
Beltone analysts maintain average inflation expectations of 6.5%, which should keep headline inflation within CBE’s target zone by year-end
