Bank Certificates: Breaking and Reinvesting at National Bank and Egypt Bank with High Yield Rates

Bank Certificates: Breaking and Reinvesting at National Bank and Egypt Bank with High Yield Rates

01:21 PM Saturday 06 January 2024 Written by Manal Al-Masry: Some bank customers are currently looking to calculate the fine for breaking their certificates and their cost to reinvest their proceeds in the new certificate offered at the National Bank and Misr Bank at the highest interest rate at the level of the banking sector … Read more

Banking Expert Reveals Truth and Details of “InstaPay” Application Imposing Fees on Money Transfers Starting Next Year

Banking Expert Reveals Truth and Details of “InstaPay” Application Imposing Fees on Money Transfers Starting Next Year

Dalia Al-Dhanini wrote: Dr. Sahar El-Damaty, a banking expert, revealed the truth and details of the “InstaPay” application imposing fees on money transfers starting next year. She added, during a phone call to the Tahrir Lounge program broadcast on Sada El Balad channel, on Wednesday, that no official decision has been issued related to imposing … Read more

US Federal Reserve Governor Jerome Powell’s Press Conference: Interest Rate, Inflation, and Economic Growth Analysis

US Federal Reserve Governor Jerome Powell’s Press Conference: Interest Rate, Inflation, and Economic Growth Analysis

US Federal Reserve Governor US Federal Reserve Governor Jerome Powell’s press conference included the following points: First: The US Federal Reserve Governor reads the interest statement: The US Federal Reserve is committed to returning inflation towards its specified target and optimal exploitation of the labor market. It is natural to look at what has been … Read more

Fitch gives UAE banks a stable outlook…and expects strong profitability in 2024 Al Khaleej newspaper

Fitch gives UAE banks a stable outlook…and expects strong profitability in 2024  Al Khaleej newspaper

Fitch gave UAE banks a stable outlook, in its new report, entitled: “Expectations of Middle East Banks 2024.” The agency expected that “favorable business and operating conditions for UAE banks will continue in 2024, as well as real GDP growth will accelerate moderately to 3.9% in 2024 (2023: 2.3%), but non-oil GDP is expected to … Read more