Day: September 3, 2025

The National Bank of Egypt (NBE) announced the suspension of some certificates of deposit in various foreign currencies (dollars, euros, and pound sterling), including the “Belady”, “Ahl Masr”, and “Al Ahly Plus” certificates, effective September 1. The bank explained that the new Gold certificate will be the primary alternative, after…

Investment bank EFG Hermes has reiterated its “buy” recommendation for the shares of Talaat Moustafa Group Holding (TMG), raising its target price for the stock to EGP 130 ($2.71) from a previous EGP 120. In a comprehensive report, EFG Hermes stated that TMG remains its top pick in the Egyptian…