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 >> 11/21/2024 - An International Monetary Fund (IMF) mission led by Ivanna Vladkova Hollar wrapped up in-person discussions with Egyptian authorities in Cairo regardi...
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Egypt >> 11/21/2024 - The Engineering Export Council of Egypt (EEC) revealed that engineering industry exports increased by 25.6 percent from January to September, reaching...
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Egypt >> 11/20/2024 - Prime Minister Dr. Mostafa Madbouly held a meeting this morning at the government headquarters in the New Administrative Capital with Mr. Chang Won Sa...
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Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouly, with Mahmoud Esmat, Minister of Electricity and Renewable Energy Minister, and Sultan Al Jaber, UAE Ministe...
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Egypt >> 11/20/2024 - Egypt and Australia have seen a significant surge in their bilateral trade relationship, with the trade volume increasing from $270 million in 2015 to...
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Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouli chaired the Cabinet’s weekly meeting in the New Administrative Capital.
The Cabinet is set to add... |
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