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Lure of investments unaffected by imprisonment of Press Syndicate head: expert

On Saturday, former vice president Mohamed ElBaradei took to social media, wondering how Egypt could still bring in investments when the government has ordered the imprisonment of the Press Syndicate’s president, labeling the incident as a scene in an absurd play. For the first time in Egypt’s history, a court verdict ordered the imprisonment of …

Hisham Salah

Central Bank of Egypt

33 banks offer investments worth EGP 278.85bn in CBE’s deposit operation

Thirty-three banks operating in the domestic market offered investments worth EGP 278.85bn of surplus liquidity in local currency via deposit operations, which was deposited by the Central Bank of Egypt (CBE) on Tuesday, according to data obtained by Daily News Egypt. The CBE performs this deposit operation every Tuesday, in order to absorb excess liquidity …

Hossam Mounir