Day: September 22, 2023

Youssef Boutros-Ghali, the former Egyptian Minister of Finance, has been appointed Head of Investment Policies at Concord International Investment Group.  He will also serve as a non-executive board member of Stanhope Investments, a Concord affiliate. Concord International is a New York-based investment group that specializes in securities funds, investment portfolios,…

The Monetary Policy Committee of the Central Bank of Egypt kept interest rates unchanged during its latest meeting on Thursday. The overnight deposit rate, overnight lending rate and the rate of the main operation were fixed at 19.25 percent, 20.25 percent and 19.75 percent, respectively. The Central Bank’s Monetary Policy…

Banque Misr and the National Bank of Egypt have raised the interest rate on a new triple savings certificate from 18.5 percent to 19.5 percent.   Triple Savings Certificate from the National Bank of Egypt (NBE) Back in August the NBE announced a triple savings certificate with a variable return,…

Mountain View has raised the bar for happiness-centric living in iCity, a flourishing community within Egypt’s real estate market. Their commitment extends beyond developing conventional urban communities; they have pioneered innovative concepts aimed at enriching daily life experiences. By fusing inventive real estate solutions with the Science of Happiness, Mountain View has transformed iCity into a…