Government banks rule out offering new savings certificates with return of 25%

NBE meets at end of the week to determine the fate of its interest rates, Banque du Caire next week, Banque Misr still has no date

Hossam Mounir

34 security personnel killed in militant operations since 5 July

The military is continuing its operations in Sinai using infantry and air strikes

Daily News Egypt

Al-Azhar denies arrest of Uyghur students “on campus”

An alleged video of handcuffed Azhar students from Turkestan was circulated on social media earlier

Daily News Egypt

“Hasm” suspects opened fire on police forces: ministry

Police forces killed two men allegedly suspected of belonging to the militant group in retaliation to an incident that killed a police officer on Friday

Daily News Egypt

Hussein Fahmy heads CIFF’s jury, Maged El-Kedwany wins Fatem Hamama Award 

Prominent actor Hussein Fahmy is selected to be the head of the jury at the upcoming 38th round of the Cairo International Film Festival in November. Fahmy has been the…

Daily News Egypt

Interest rate hike will impose significant fiscal burden: economic experts

HSBC believes that the CBE’s tightening cycle has peaked, Capital Economics forecast a 6% deposit rate fall by end of 2018

Mohamed Samir

Jewish Temple in Alexandria allocated EGP 40m for renovation

Egyptian authorities previously refused Israeli offer to fund the restoration process

Daily News Egypt

Egyptian pound fist to fist with US dollar yet again

Local currency began appreciating again by 21 piastres in four days, market awaits its trend until the end of the year

Hossam Mounir

Arab African International Bank increases Golden Saving Account rates to 14% annually

The Arab African International Bank (AAIB) raised the interest rates for the Golden Saving Account in Egyptian pounds to 14% annually, 13% semiannually, 12.75% quarterly, and 12.5% monthly. Return is…

Daily News Egypt

NBE does not intend to issue bonds on foreign markets: vice chairperson

We aim to offer the bonds with a suitable return and the delay in offering is better, says Abu Al-Fotouh

Hossam Mounir