Egypt Post
The investment arm of Egypt Post, Post for Investment’s latest endeavor seeks to facilitate seamless trade between Egypt, African nations, and countries worldwide.
Head of Post: "Masar Initiative aims to support and sponsor high school graduates until university graduation" Professor Abdo Alwan: "We aim through the "Masar" initiative to support Egypt's outstanding students and encourage them to continue to excel and maintain excellence"
The objective, as stated by the CEO, is to have the new company manage assets worth EGP 5 billion within a year.
These investments will aim to optimize operations in logistics, communications, microfinance, and consumer finance
This agreement is of special importance, as it will greatly contribute to the arrival of insurance products to low-income groups who are not targeted by the financial sector.
Regarding current accounts, the value of deposited amounts rose 3.3 percent, reaching LE 141.4 billion in 2020/2021, compared to LE 136.9 billion in 2019/2020.
Egypt’s National Postal Authority issued a commemorative postage stamp using the ‘QR code’ technology to mark the fourth edition of World youth Forum [WYF] that kicked off, Monday in Sharm al Sheikh city.
The government plans to provide 20 e-government services in 2019. The electronic services are set to be introduced through five outlets including Egypt's Post.
A number of ministries signed Thursday a cooperation protocol that aims to facilitate the transfer of remittances from Egyptian expatriates to their families inside the country.
The assets allocated 8.24 percent of total deposits in the banking system in all currencies, which amounted to LE 2.49 trillion.
Egypt Post has decided to exempt residents of North Sinai from fees on its main services.
Egypt Post’s Board Chairman Essam al-Saghir said that Egypt Post launched an ATM service for citizens with no minimum charges.
The deposit volume at Egypt Post stood at LE 188 billion in June.
Egypt Post will sign three agreements with international shopping platform Jumia to cooperate in the field of electronic commerce
The Egypt Post is considering raising interest rates on its saving accounts and the potential effect on its volume of savings.
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