In an automatic move responding to the Central Bank of Egypt’s reduction of key interest rates, banks operating in Egypt have decided to decrease interest rates on variable-yield certificates by 2.25%. The Monetary Policy Committee of the Central Bank “ALICO” announced a 225 basis point cut in the overnight deposit and lending rates, as well … The post Egyptian banks cut interest rates on variable certificates following Central Bank move appeared first on Egypt Independent. Politics
Egypt: MTI records $19mln consolidated profits in 2024; capital hike approved ZAWYA Economics
Egypt: Raya Holding’s consolidated profits jump 283% YoY in 2024 ZAWYA Politics
Egypt: MTI unveils 56.1% higher consolidated profits in 2024, capital increase ZAWYA Politics
Egypt: Mohandes Insurance records 37% YoY higher consolidated profits in 2024 ZAWYA Politics
Egypt: Raya Contact Center’s consolidated profits jump 95.1% YoY in 2024 ZAWYA Politics
The Central Bank of Egypt (CBE) issued a statement on Thursday, announcing that banks operating in the Egyptian market will be opening free accounts for citizens with no minimum balance requirement until the end of April. The statement mentioned that on the occasion of “Arab Financial Inclusion Day,” employees of banks operating in the Egyptian … The post No minimum balance – Egyptian banks offer free accounts for financial inclusion in April appeared first on Egypt Independent. Economics
Egypt: EFG Holding’s unit Bank NXT logs $33mln profits in 2024 ZAWYA Economics
Egypt: Heliopolis Housing sees 67.2% YoY lower profits in 2024 ZAWYA Politics
The net foreign assets of the Egyptian banking system jumped by approximately US$1.5 billion during February, reaching $10.17 billion, compared to $8.7 billion at the end of January – an increase of more than 17 percent, according to data published by the Central Bank of Egypt (CBE)’s website. This change represents the net transactions of … The post Central Bank of Egypt announces increase in net foreign assets appeared first on Egypt Independent. Politics
Egypt: Cleopatra Hospital Company’s consolidated profits up 72.97% YoY in 2024 ZAWYA Politics
Egypt: Dice Sport sees 101.12% YoY consolidated profit increase in 2024 ZAWYA Sport
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Egypt: EFG Holding’s 2024 consolidated profit leaps 70.57% YoY ZAWYA Politics
