deposit

CAPMAS announces 22.3% increase in bank deposits during 2020/2021
Business

CAPMAS announces 22.3% increase in bank deposits during 2020/2021

The Central Agency for Public Mobilization and Statistics announced that bank deposit balances in 2020/2021 were LE5,731.5 billion, an increase…
Egypt’s Parliament considers imposing monthly fees on foreigners’ escorts
Travel

Egypt’s Parliament considers imposing monthly fees on foreigners’ escorts

  Egypt’s Parliamentary Committee of Proposals and Complaints preliminary approved the proposal, submitted by parliamentarian Kamal Amer, which stipulates imposing…
Egypt mulls granting residence permits to foreigners in return for bank deposits
Egypt

Egypt mulls granting residence permits to foreigners in return for bank deposits

The National Defense and Security Committee of the House of Representatives approved on Thursday a draft law submitted by the…
Egypt raises cap on FX deposits for food, capital machinery, manufacturing components, medicine
Business

Egypt raises cap on FX deposits for food, capital machinery, manufacturing components, medicine

Egypt's central bank raised the cap on foreign currency deposits to US$250,000 a month for importing food, capital machinery, manufacturing…
Egypt shuns Qatari offer to renew dollar deposits
Business

Egypt shuns Qatari offer to renew dollar deposits

Egypt has turned down a Qatari offer through intermediaries to extend the grace period for paying back bonds worth US$1…
Egypt negotiates with UAE over $3 billion deposit
Egypt

Egypt negotiates with UAE over $3 billion deposit

A senior government official said Egypt is negotiating with the UAE to get a new deposit equal to US$3 billion…
Libya denies sparing Egypt repayment of US$2bn deposit
Egypt

Libya denies sparing Egypt repayment of US$2bn deposit

Libya's Central Bank denied on Saturday sparing Egypt the repayment of a US$2 billion deposit placed at the Central Bank…
Central Bank returns US$500 million deposit to Qatar
Business

Central Bank returns US$500 million deposit to Qatar

A senior official from the Finance Ministry said that the central bank is returning a US$500 million deposit to Qatar…
Egypt returns $2 bln to Qatar after talks to securitize it fail
Business

Egypt returns $2 bln to Qatar after talks to securitize it fail

Egypt has returned to Qatar US$2 billion that the Gulf state had deposited with Egypt’s central bank, after negotiations to…
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