Bank
The bank expects to issue the shares on the EGX by Q4 2024, contingent on prevailing market conditions and the finalization of approval procedures.
Egypt Today reviews benefits of Egypt's joining of BRICS agreement in light of the parliamentary report of the Economic Affairs Committee.
She expected hydrocarbon energy purchases from Egypt to rise in the future.
Household deposits compose 69.4 percent of the sum.
The federal government of Ethiopia froze the bank accounts of 34 Tigray establishments Tuesday.
The stock of Commercial International Bank (CIB) rose by 0.3% recording LE 61.25.
The banks should be encouraged to be part of an initiative offering loans of 8 percent diminishing balance interest rate to private investors in certain sectors.
The Egyptian pound continues to rise against the US dollar, recording its highest value in three years today.
The US dollar exchange rate dropped during transactions on Tuesday at a number of major banks in Egypt.
Deputy Governor of the Central Bank of Egypt Gamal Nagm declared that the board issued a decree on Sunday extending the grace period of stumbling factories.
At the National Bank of Egypt and Banque Misr, the dollar rate declined two piasters, recording EGP 15.86 for buying and EGP 15.96 for selling.
The US dollar exchange rate was stable during Tuesday's transactions at Egypt's major banks.
The Egyptian stock market is progressing and becoming an investment-magnet, said Goldman Sachs foundation as quoted by Bloomberg.
Ratings agency Fitch downgraded Turkey's sovereign debt by one notch to 'BB-' with a negative outlook, after Erdogan sacked the governor of the central bank.
The financial contributions of the Arab states can be made through the Arab League’s general secretariat or directly to the Palestinian Finance Ministry.
Egypt is set to host the financial technology "Seamless North Africa FinTech" conference on June 17-18, the Central Bank said in a statement Wednesday.
Central Bank of Egypt (CBE) Governor Tareq Amer revealed that a giant US investment fund will buy the United Bank of Egypt in a period of three months.
CBE announced a public holiday for all banks to mark the the eighth anniversary of the January 25th revolution and Police Day.
The move comes within the framework of the bank's expansion plan in the African continent and the State's strategy to boost cooperation with Africa, he noted.
The exchange rate of the US dollar was relatively stable during morning transactions on Monday at major banks.
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