Certificates
The certificates were offered on the back of an exceptional decision by the Central Bank of Egypt (CBE) to raise the base rates by 1 percent.
This step is part of the government's initiative to pay accumulated arrears and dues from the fund to the exporting companies.
Four Egyptian banks will issue Sunday the Aman Certificate (Security Certificate), a new life insurance plan for casual and temporary workers.
A wrap-up of the most prominent business news of the day
The National Bank of Egypt (NBE) raises its interest rates on savings accounts by 0.5 percent.
The National Bank of Egypt (NBE)’s financial import transactions and letters of credit (LoCs) have been valued at $9 billion since November.
