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THIS EVENING: Customers sold c.EGP 765 mn in FX at Al Ahly Exchange and Misr Exchange
Good afternoon, folks, and happy hump day. Even with Ramadan, the news cycle hasn’t slowed down and is still going…
Banks trade USD 1.9 bn in two days
The EGP lost almost 37% of its value against the greenback after the float
Banks roll out high interest rate CDs, ease currency controls on credit cards
The parallel market is “on its way to disappearing completely,” Banque Misr Chairman Mohamed El Etreby said
NBE and Banque Misr to exit Alexandria Mineral Oils Company?
Good morning, folks. We’ve got a packed issue for you today with news that Telecom Egypt is partnering up with…
Shift EV eyes larger 50k annual capacity factory. PLUS: GB Auto Jordan expansion, El Gouna solar power, oil and gas news, debt news, regulations news, NBE earnings
The home-grown startup is also considering setting up shop abroad, with an eye on Southern Europe and the GCC
Savers pour EGP 565 bn into high-yield CDs. PLUS: News from EFG Hermes, Flat6Labs, Azimut, EgyptAir
NBE has racked up some EGP 365 bn, while Banque Misr has attracted EGP 200 bn
Savers pour EGP 471 bn into high-yield CDs. PLUS: Mining tender + subsea cable incoming.
Savers have poured some EGP 305 bn in CDs with NBE and EGP 166 bn with BM’s
NBE becomes the latest bank to cut credit card FX limits
The cuts come amid a push by the central bank to curb FX spending
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