CDs see EGP 260 bn in inflows in a week

More than a quarter of a tn EGP now invested in CDs: More than EGP 260 bn has been poured into the 18% CDs launched by Banque Misr and the National Bank of Egypt (NBE) last Monday in the wake of the Central Bank of Egypt’s 100-bps rate hike. Savers have put EGP 180 bninto the certificates with the NBE and EGP 87 bn with Banque Misr, according to senior officials from the two banks.

Supermarket chain Seoudi will open two new stores at Marakez’s Mall of Arabia in Sixth of October and D5M in New Cairo in 2H2022. (Statement)