Banking

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Banking
Two banks, Misr and NBE, reduce interest rates on high-yield dollar savings certificates by 0.5%.
October 31, 2024
Banking
The U.S. Federal Reserve began lowering interest rates for the first time since March 2020 (Enterprise Website).
September 30, 2024
Banking
The IMF reduces additional fees for countries borrowing more than their allocated quotas by 36%, effective from November 1st.
October 31, 2024
Banking
The government plans to sell part of its shares in the United Bank to investors on the stock exchange within six months (Press Release).
September 30, 2024
Banking
The CEO of Banque Misr is moving to lead NBE as part of a wave of transfers among heads of government banks (Al-Masry Alyoum Website).
September 30, 2024
Banking
The Central Bank of Egypt holds bank interest rates steady for 45 days.
October 31, 2024
Banking
The Central Bank of Egypt has decided to stabilize interest rates until October (Central Bank).
September 30, 2024
Banking
The Central Bank is considering enabling the exchange of remittances from abroad in euros (Al Borsa News).
September 30, 2024
Banking
The “Educatly” Education Technology Platform is in talks with the Central Bank for a license to provide loans to tertiary education students.
September 30, 2024
Banking
SODIC borrowed 4.14 billion pounds from Egyptian and international commercial banks (Press Release).
September 30, 2024
Banking
Post for Investments Company and AXA Egypt sign an agreement to launch the first microinsurance company in Egypt, in accordance with the new insurance law.
October 31, 2024
Banking
October 21: Annual meetings of the Monetary Fund and the International Bank.
September 30, 2024
Banking
October 17: The Monetary Policy Committee of the Central Bank of Egypt will hold its periodic meeting to review interest rates.
September 30, 2024
Banking
November 21: The Monetary Policy Committee of the Central Bank of Egypt holds its periodic meeting to review interest rates
October 31, 2024
Banking
NBE plans to open its first branch in Riyadh before the end of December.
October 31, 2024
Banking
NBE and Misr Bank raised the limits for international credit card purchases (Press Release).
September 30, 2024
Banking
Keo Salari, a Saudi Arabian startup, is nearing the approval of its license from the Central Bank of Egypt to offer salary transfer services, including the option for employees to receive salaries in advance.
October 31, 2024
Banking
Google will begin paying content creators in pounds starting next year.
October 31, 2024
Banking
Gold
September 30, 2024
Local Gold Price 1 Sep 26 Sep Local Gold 24 3940 EGP  4133 EGP Local Gold 21 3445 EGP 3605 EGP Local Gold 18 2944 EGP 3090 EGP Local...
Banking
Egypt's foreign exchange reserves increased by $108 million in August (Central Bank).
September 30, 2024
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