interest rate

Update: US dollar price hits LE27 on Thursday
Business

Update: US dollar price hits LE27 on Thursday

The price of the US dollar hit LE27 in mid-trading on Thursday, January 5, 2023, after it reached a new…
US dollar price in Egypt on Thursday
Economy

US dollar price in Egypt on Thursday

On Thursday, January 5, 2023, the price of the US dollar against the Egyptian pound rose in Egypt one bank…
What is the aim of Banque Misr’s one-year savings certificate at 25% interest rate return?
Business

What is the aim of Banque Misr’s one-year savings certificate at 25% interest rate return?

Economists said that Banque Misr’s announcement on Wednesday of a one-year savings certificate with 25 interest rate will help to…
Banque Misr offers one-year savings certificate at a 25% interest rate return value
Business

Banque Misr offers one-year savings certificate at a 25% interest rate return value

Banque Misr announced on Wednesday that they will be offering a one-year savings certificate with a 25 percent interest rate.…
US dollar price declines significantly on black market in Egypt
Business

US dollar price declines significantly on black market in Egypt

The exchange rate of the US dollar on the black market in Egypt declined significantly during the past days, losing…
NBE denies issuing savings certificates with a return of 20%
Business

NBE denies issuing savings certificates with a return of 20%

The Chairman of the Board of Directors of the National Bank of Egypt, Hisham Okasha, denied rumors regarding the bank…
CBE explains reasons for rising interest rates
Business

CBE explains reasons for rising interest rates

The Central Bank of Egypt (CBE) said that raising the interest rate that went up by three percent came after…
Egypt moves towards changing linking of pound to US dollar
Business

Egypt moves towards changing linking of pound to US dollar

The Acting Governor of the Central Bank of Egypt, Hassan Abdullah, stated that the Central Bank is on its way…
CBE decision to fix interest rate contradicts expectations: expert
Business

CBE decision to fix interest rate contradicts expectations: expert

 The decision of the Monetary Policy Committee of the Central Bank came in contravention of the expectations of most international…
Central Bank of Egypt announces interest rate increase
Business

Central Bank of Egypt announces interest rate increase

  The Monetary Policy Committee of the Central Bank of Egypt decided in its extraordinary meeting on Monday to raise…
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