The Central Bank of Egypt raises interest rates on Egyptian treasury bills

Cairo - Eco - Fady Labib : The Central Bank of Egypt raised interest rates on Egyptian treasury bills for 364 days to 22.126% in today’s auction results from 22% in the previous auction ...

Mohamed El-Atreby, President of Banque Misr : "Misr" and "Al-Ahly" banks achieved profits that allow them to bear the cost of high certificates

Cairo - Eco - Banknotey - Fady Labib : Mohamed El-Etreby, President of Banque Misr, said: The period for issuing certificates with a return of 25% - 22.5% has not yet been determined, but it will be limited, as it may reach three weeks from the issuance. The nature of the Egyptian people tends to the stability of interest rates and the periodicity of returns " ...

" FinTech Egypt " launches the "FINTEKRS" initiative to encourage startups to develop and implement their innovative financial solutions across all governorates

The Central Bank of Egypt Supports Entrepreneurship and Promotes Innovations in Financial Technology

Cairo - Eco - Fady Labib :  In line with the Central Bank of Egypt’s strides to support and foster entrepreneurship and innovations in financial technology; “ FinTech Egypt ” launched the " FINTEKRS " initiative for FinTech & FinTech enabled startups"...

The IMF lends Egypt $3 billion and announces its welcome to the Central Bank’s decisions

Washington- Eco - Fady Labib :  International Monetary Fund (IMF) staff and the Egyptian authorities have reached a staff-level agreement on comprehensive economic policies and reforms to be supported by a 46-month Extended Fund Facility (EFF) Arrangement of US$3 billion ...