The Central Bank of Egypt (CBE) has reminded banks to strictly adhere to regulations governing the issuance of bank deposit certificates for companies being established or increasing their paid-up capital.

Telecom Egypt has received the Tier III Design Certification from the Uptime Institute for its Regional Data Hub 2 (RDH 2).

Fawry’s fully in-house developed Soft POS solution has successfully completed the MPOC certification cycle, positioning it as the first company in the MENA region to achieve both CPOC and MPOC certifications and the 10th globally to receive the MPOC certification.

The Egyptian Financial Regulatory Authority has launched the first US dollar-dominated pension and insurance certificate for Egyptian expats.

Egypt has signed a certificate of receipt of energy-saving goods as a grant from the Chinese Ministry of Ecology and Environment to combat climate change.

The National Bank of Egypt (NBE) and Banque Misr are set to stop the issuance of the certificates of deposit (CDs) with a 25% annual yield on Tuesday, January 31st, Banque Misr’s Chairman Mohamed El-Etreby said in a televised phone call on January 29th.

The National bank of Egypt (NBE) has received EGP 215 billion in proceeds from the sale of the 25%-yield certificates of deposit (CDs) so far, the bank’s Deputy Chairman Yehia Abou El-Fotouh told Asharq Business in an interview on January 18th.