{"id":622789,"date":"2018-10-11T04:35:51","date_gmt":"2018-10-11T04:35:51","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/11\/cib-to-begin-issuing-aman-insurance-certificates\/"},"modified":"2018-10-11T04:35:51","modified_gmt":"2018-10-11T04:35:51","slug":"cib-to-begin-issuing-aman-insurance-certificates","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/11\/cib-to-begin-issuing-aman-insurance-certificates\/","title":{"rendered":"CIB to begin issuing Aman insurance certificates"},"content":{"rendered":"<p>CIB will start issuing Aman insurance CDs, pending approval from the central bank, Head of Actuarial Affairs at Misr Life Insurance, which is issuing the CDs in cooperation with CIB, Mohamed Mostafa told Amwal Al Ghad. The Financial Regulatory Authority (FRA) approved CIB\u2019s request to issue the certificates yesterday, joining the National Bank of Egypt, Banque Misr, Banque du Caire and the Agricultural Bank of Egypt. The government <a href=\"https:\/\/enterprise.press\/stories\/2018\/08\/28\/govt-to-insure-2-3-mn-temporary-and-seasonal-workers-without-charge\/\">said in August it will provide<\/a> around 2.3 mn temporary and seasonal workers with Aman insurance CDs \u2014 an initiative launched by President Abdel Fattah El Sisi.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CIB will start issuing Aman insurance CDs, pending approval from the central bank, Head of Actuarial Affairs at Misr Life Insurance, which is issuing the CDs in cooperation with CIB, Mohamed Mostafa told Amwal Al Ghad. The Financial Regulatory Authority (FRA) approved CIB\u2019s request to issue the certificates yesterday, joining the National Bank of Egypt, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9298],"tags":[2372,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-622789","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"bce4a106-a467-4014-9b94-7f6f3f3ec22b","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"CIB to begin issuing Aman insurance certificates","related_issue":[622753],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.e83ea668-94b7-4bfd-97b1-6c04b723f80b.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>CIB to begin issuing Aman insurance certificates - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/11\/cib-to-begin-issuing-aman-insurance-certificates\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CIB to begin issuing Aman insurance certificates\" \/>\n<meta property=\"og:description\" content=\"CIB will start issuing Aman insurance CDs, pending approval from the central bank, Head of Actuarial Affairs at Misr Life Insurance, which is issuing the CDs in cooperation with CIB, Mohamed Mostafa told Amwal Al Ghad. The Financial Regulatory Authority (FRA) approved CIB\u2019s request to issue the certificates yesterday, joining the National Bank of Egypt, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/11\/cib-to-begin-issuing-aman-insurance-certificates\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-11T04:35:51+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/11\/cib-to-begin-issuing-aman-insurance-certificates\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/11\/cib-to-begin-issuing-aman-insurance-certificates\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"CIB to begin issuing Aman insurance certificates\",\"datePublished\":\"2018-10-11T04:35:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/11\/cib-to-begin-issuing-aman-insurance-certificates\/\"},\"wordCount\":101,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"EnterpriseAM\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/11\/cib-to-begin-issuing-aman-insurance-certificates\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/11\/cib-to-begin-issuing-aman-insurance-certificates\/\",\"name\":\"CIB to begin issuing Aman insurance certificates - 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Banque Misr stopped issuing its high-yielding 17% CDs as of last Thursday, Vice Chairman Akef El Maghraby said, while the National Bank of\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":584603,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/03\/two-big-state-owned-banks-announce-two-not-so-big-cds\/","url_meta":{"origin":622789,"position":1},"title":"Two big state-owned banks announce two (not-so-big) CDs","author":"enterpriseam admin","date":"3 April 2023","format":false,"excerpt":"Big Two state-owned banks introduce new CDs: Banque Misr and the National Bank of Egypt are issuing two new high-interest certificates of deposit (CDs) following the central bank\u2019s 200-bps rate hike last Thursday, the lenders said in a joint statement (pdf) yesterday. The two banks are offering a fixed, three-year\u2026","rel":"","context":"In &quot;Banking&quot;","block_context":{"text":"Banking","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/banking\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/4\/55.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":651767,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/20\/banks-begin-reducing-rates-on-high-yield-cds\/","url_meta":{"origin":622789,"position":2},"title":"Banks begin reducing rates on high-yield CDs","author":"enterpriseam admin","date":"20 February 2017","format":false,"excerpt":"A number of banks have scrapped their high-yield certificates of deposit and began repricing them at rates 100-300bps lower than the ones offered in November after the EGP flotation, Al Borsa reported. Only National Bank of Egypt and Banque Misr have kept their products\u2019 interest rates at 20%, with sources\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":546847,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/31\/bye-bye-18-certificates-of-deposit\/","url_meta":{"origin":622789,"position":3},"title":"Bye-bye, 18% certificates of deposit\u2026","author":"enterpriseam admin","date":"31 May 2022","format":false,"excerpt":"NBE, Banque Misr suspend sales of 18% CDs: State-owned National Bank of Egypt (NBE) and Banque Misr will no longer be selling one-year, 18% certificates of deposit (CDs) introduced after the Central Bank of Egypt\u2019s devalued the EGP on 22 March, according to a statement (pdf) from Banque Misr and\u2026","rel":"","context":"In &quot;Banking&quot;","block_context":{"text":"Banking","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/banking\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/410.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":613342,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/14\/cib-adib-cut-credit-card-limits-on-fx-spending\/","url_meta":{"origin":622789,"position":4},"title":"CIB, ADIB cut credit card limits on FX spending","author":"enterpriseam admin","date":"14 January 2024","format":false,"excerpt":"The central bank has been tightening its grip on FX transactions in recent months","rel":"","context":"In \"Abu Dhabi Islamic Bank\"","block_context":{"text":"Abu Dhabi Islamic Bank","link":"https:\/\/enterpriseam.com\/egypt\/tag\/abu-dhabi-islamic-bank\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/800.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":579118,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/25\/its-sayonara-to-high-yield-cds-at-the-end-of-the-month\/","url_meta":{"origin":622789,"position":5},"title":"It\u2019s sayonara to high-yield CDs at the end of the month","author":"enterpriseam admin","date":"25 January 2023","format":false,"excerpt":"Banque Misr and the National Bank of Egypt are pulling their one-year, 25% certificates of deposit after the end of January, according to emailed statements from the two banks. 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