The Central Bank issued a number of decisions during the period from July 1 to December 31, 2022 to support the digital transformation process. The Central Bank clarified, in a statement today, Wednesday, that the decisions included issuing prepaid cards to citizens free of charge, provided that these cards are contactless. The statement added that … Read more
09:08 PM Wednesday 29 June 2022 I wrote – Manal Al-Masry: The Central Bank decided to return the commission for withdrawals from automated teller machines (ATMs) to non-customers of the same bank, starting from the first of July, after 27 months of suspension. The central bank obligated banks to not exceed the maximum commission for … Read more
08:00 pm Saturday 25 June 2022 I wrote – Manal Al-Masry: The National Bank of Egypt and Egypt approve multiple interest rates on the regular savings account that addresses customers from the age of 21 years and above, in addition to the presence of other accounts. The Monetary Policy Committee of the Central Bank of … Read more
02:30 PM Sunday 26 June 2022 I wrote – Manal Al-Masry: Over the past 3 months, some major government and private banks have resorted to offering new savings certificates at a high interest rate with the aim of addressing a certain segment of large customers after the Central Bank raised the interest rate in an … Read more
I wrote – Manal Al-Masry: Starting from tomorrow, 25 banks will continue to sell high-yielding 3-year savings certificates, or offer new certificates with high interest, after the Central Bank’s decision to fix the interest rate at its meeting on Thursday. EG Bank and National Kuwait Bank Egypt recently decided to issue a new certificate or … Read more
09:28 PM Wednesday 15 June 2022 I wrote – Shaima Hefzy: Analysts, to whom Masrawy spoke, ruled out that dollar prices in Egypt would be affected after the US Federal Reserve’s decision to raise interest rates today, Wednesday. The US Federal Reserve decided to raise interest rates by 0.75%, the highest rate increase in more … Read more
On the other hand, the move was welcomed by the unionist-Protestant DUP party in Northern Ireland. The law is necessary to ensure stability and peace in the former troubled province, said British Foreign Secretary Liz Truss. She added: “We remain open to talks with the EU.” However, progress can only be made if Brussels accepts … Read more
Data from the Central Bank of Egypt showed that these amounts were directed to repay outstanding international loans and bonds, which reflects Egypt’s commitment to pay all dues on time. Earlier this week, the Central Bank announced the payment of an outstanding external debt estimated at about two billion dollars during the month of May, … Read more