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NBE, Banque Misr sell EGP 21 bn in new fixed-rate savings certificates in first three days
New bank certificates prove popular: The National Bank of Egypt and Banque Misr have sold EGP 20.9 bn of their…
Marseilia Group to obtain EGP 1 bn loan from NBE to quickly finish projects
Marseilia Group is looking to arrange a EGP 1 bn loan from the National Bank of Egypt to accelerate the…
CBE moves against dollarization amid signs the parallel market for greenbacks is trying to make a comeback.
CBE moves against dollarization amid signs the parallel market for greenbacks is trying to make a comeback. There are signs…
Banque Misr’s El Etreby named FEB chairman
MOVES- Banque Misr’s El Etreby named FEB chairman: Banque Misr Chairman MohamedEl Etreby has been selected to succeed CIB’s Hisham…
EGX30 ends in the green for the first time in two weeks
The EGX30 closed Thursday in the green for the first time in weeks: The benchmark EGX30 closed in the green…
Fawry, National Bank of Egypt to begin distributing 43k PoS devices to stores
The National Bank of Egypt (NBE) and e-payments platform Fawry are rolling out 43k point of sale (PoS) devices in…
EBE to launch factoring arm with ECGE, NIB, National Bank of Egypt in 2Q2020
The Export Development Bank of Egypt (EBE) is planning to launch a EGP 50 mn factoring arm in 2Q2020, Board…
Covid-19, air travel suspension and CBE interest rate cut reviewed on talk shows
CBE interest rate cut: Al Kahera Alaan’s Lamees El Hadidi spoke by phone with Hany Genena, head of research at…
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