Latest in Highlight
The National Bank of Egypt (NBE), Banque Misr, and Banque du Caire will offer savings certificates to Egyptians in pounds sterling under the name “Belady Certificate” within days. During 2016, the three governmental banks offered Belady Certificates in both euros and US dollars in order to attract remittances from Egyptians abroad. The certificates are to …
NBE and BM decided on 12 June and 13 June to increase the interest rates on deposits, while savings account interest increased by 0.75% to 1%.
NBE, Banque Misr approachs completion of details to avoid defects of Egyptian dollar certificate
Small investors’ portfolios lost an average of 70% of their value, prompting investors to look for safe investment alternatives