Saudi Approves $1.2 Bln in Yemen Aid: OfficialsSource: www.export-egypt.com 8/1/2023, Location: Africa |
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Experts and analysts believe that the high-yield US dollar savings certificates offered by the National Bank of Egypt and Banque Misr are a new attempt by the banking sector to attract the remittances of Egyptian expatriates, according to Al Shorouk newspaper.
According to analysts, the certificates aim to collect the largest amount of foreign currency, although it would not provide dollar liquidity in the expected size. This type of certificate will be more useful for citizens who save dollars at home to preserve the value of their money and for investors within the banking sector, they added. Offering dollar savings certificates is an expected step from the state’s banking system to attract more foreign currency to provide for the obligations required to be paid, the head of the research department at Arabeya Online Mustafa Shafie, said. |
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Financials and Investment News in Egypt >> |
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Egypt >> 9/19/2024 - Egypt is having a special participation at the IFTM-Top Resa exhibition, which lasts until Sept.19 in Paris.
Egypt’s pavilion has more than... |
Egypt >> 9/18/2024 - On his first visit around the region since his appointment, Jalel Trabelsi, the Special Envoy of the African Development Bank (AfDB), praised Egypt's ...
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Egypt >> 9/18/2024 - On his first visit around the region since his appointment, Jalel Trabelsi, the Special Envoy of the African Development Bank (AfDB), praised Egypt's ...
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Egypt >> 9/18/2024 - Benchmark index EGX 30 was up 0.61 percent to 30,342.46 points, with the Shariah index climbing by 0.20 percent to reach 2,879.64 points.
E... |
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Egypt >> 9/18/2024 - The British company Globeleq is set to collaborate with the Egyptian government in establishing a substantial project for green hydrogen production, a...
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Egypt >> 9/18/2024 - Deputy Prime Minister and Minister of Health and Population Khaled Abdel Ghaffar asserted the importance of cooperating with South Africa in the field...
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