Day: January 5, 2024

Significant fluctuations in gold prices have recently dominated the market in Egypt, creating a tumultuous environment for investors and traders alike. The price of 24-carat gold reached EGP 3,657 (USD 118.76) Egyptian pounds for selling on Friday, 5 January,  Reports have emerged detailing instances of trading platforms experiencing abrupt shutdowns,…

The National Bank of Egypt (NBE) and Banque Misr, Egypt’s two largest governmental banks, have introduced two new Certificates of Deposit (CDs) offering record-breaking interest rates. The first offers an annual interest rate of up to 27 percent, while the second provides a monthly return of 23.5 percent.  The purchase…