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banque misr

State-owned banks secured EGP460B through 25-22.5% CDs, to be pulled off market later today

The two state banks announced that they would stop issuing the high-yield CDs later today

Egyptian CEOs grab 16 spots on Forbes ME’s latest Top 100 CEO list

Emiratis dominated the list with 19 entries, followed by Egypt’s 16 and Saudi Arabians taking 15 spots. Forbes registered 27 CEOs from the banking and financial sectors, followed by 8 telecom CEOs

Banks warn against phishing scams after EGP 2.7M was stolen from customer

The group of fraudsters stole around EGP 2.7 million through an estimated 13 fraud incidents

A 1B fund of funds to be set up by 4 of Egypt’s biggest state banks

Egypt’s biggest state banks are teaming up to launch a EGP 1 billion fund of funds to invest in small and medium enterprises, and more

Fawry to purchase Banque Misr and CIB’s combined 30% stakes in Fawry Plus

Fawry has previously announced its desire to negotiate for the acquisition of the 48% company stakes held by shareholders