3 d. ago Egyptian banks cut interest rates on variable certificates following Central Bank move

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

5 d. ago Egypt’s economic outlook sees GDP reaching $399.8 billion in upcoming fiscal year

Egypt’s economic outlook sees GDP reaching $399.8 billion in upcoming fiscal year  Economy Middle East

Economics

1 week ago Israel, Egypt exchange draft proposals aimed at reaching hostage deal — report

Israel, Egypt exchange draft proposals aimed at reaching hostage deal — report  The Times of Israel

Politics

1 week ago No minimum balance – Egyptian banks offer free accounts for financial inclusion in April

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

1 week ago Egyptian Meteorological Authority warns of cold weather and rain on Thursday

The Egyptian General Authority for Meteorology warns of the return of cold weather and rain coinciding with the Coptic month of Barmouda, which begins on April 9 and ends on May 8. Rain is expected to fall on the northern coasts, Lower Egypt, North Sinai, and the Suez Canal cities, reaching Greater Cairo as light … The post Egyptian Meteorological Authority warns of cold weather and rain on Thursday appeared first on Egypt Independent.

Events

2 w. ago Egypt’s Foreign Reserves Continue Upward Trend, Reaching $47.76 Billion in March

Egypt’s Foreign Reserves Continue Upward Trend, Reaching $47.76 Billion in March  Egypt Today

Economics

2 w. ago Financial position of banks operating in Egypt reaches EGP 20.799trn in 2024

Financial position of banks operating in Egypt reaches EGP 20.799trn in 2024  Dailynewsegypt

Economics

3 w. ago World Cup 2026 qualifying: Algeria, Egypt and Morocco on track to reach finals

World Cup 2026 qualifying: Algeria, Egypt and Morocco on track to reach finals  BBC.com

Sport

3 w. ago Women reach 50.4% of leadership positions in Egypt: Minister

Women reach 50.4% of leadership positions in Egypt: Minister  Egypt Today

Politics