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NBE, BM, Banque du Caire to cover tourism companies’ expenses for Hajj

The National Bank of Egypt, Banque Misr, and Banque du Caire officials met with representatives of the Ministry of Tourism and the head of the religious tourism committee of the Egyptian Travel Agencies Association (ETAA). During the meeting, they agreed to have the three banks secure the needed Saudi riyals to cover the expenses of …

Hossam Mounir

NBE, Visa launch second phase of NBE Pay

The National Bank of Egypt (NBE), in cooperation with Visa, plans to launch the second phase of NBE Pay services, which allows clients to make transfers using the NBE’s Visa cards, along with the services currently available within the first phase, including internet banking, paying school fees, and paying bills. According to Yehia Aboulfotouh, vice …

Daily News Egypt

NBE-led coalition finances nitrate project for Abu Qir Fertilizer

Abu Qir Fertilisers and Chemical Industries Holding Company’s board of directors decided to obtain funding for its nitrate project from the National Bank of Egypt, Banque Misr, and QNB. The company said in a disclosure to the Egyptian Exchange on Wednesday that the funding is worth €105m and that the project will be implemented by …

Daily News Egypt

NBE joins one of largest global blockchain initiatives

In line with Egypt’s national digital transformation strategy, and in support of the Central Bank of Egypt (CBE)’s direction to encourage the financial services industry to adopt innovative financial technologies, the NBE has recently joined enterprise software firm R3’s global blockchain initiative of over 200 financial services firms, technology companies, central banks, regulators, and trade …

Daily News Egypt

NBE grants ASORC $100m to implement service, facility projects necessary to develop company’s plants

Yehia Aboul Fotouh, deputy chairperson of the National Bank of Egypt (NBE), and Nagy Abdel Ghaffar, chairperson of Assiut Oil Refining Company (ASORC), signed a financing contract worth $100m for the purpose of implementing service and facility projects necessary for the development of the company’s plants and the fulfilment of its expansion goals. According to …

Hossam Mounir

NBE, Banque Misr discontinue their 20% interest rate saving certificates

The National Bank of Egypt (NBE) will discontinue offering the platinum saving certificate with an annual return rate of 20%, starting from the end of the workday on 15 February 2018, Yehia Abu El-Fotouh, the vice chairperson of NBE told Daily News Egypt on Thursday. However, current certificate owners will continue to have the same …

Hossam Mounir