Back to the complete issue
Sunday, 22 August 2021

Banque Misr wants you to keep your banking details safe

Most of the talking heads were focused yesterday on the nation’s medium-term fiscal targets, which were announced over the weekend by the Planning Ministry. Egypt is looking to bring overall inflation to 6% by the end of 2021-2022, to keep unemployment flat at 7.3% until the end of the year, and to cap population growth at 2%, down from the 2.56% recorded in 2017. We have full coverage in the news well, above. Al Hayah Al Youm (watch, runtime: 11:29) also took note.

Elsewhere: The nation’s banks are calling on clients to not disclose any banking sign-in details with anyone, with Federation of Egyptian Banks chairman (and Banque Misr boss) Mohamed Eletreby phoning into Ala Mas’ouleety (watch, runtime: 24:18) last night to warn against a recent rising trend of text message fraud. Some fraudsters have been using text messages to trick users into divulging sensitive information, including PINs and passwords, Eletreby said, stressing that the state-owned bank has so far detected 13 incidents of fraud.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Etisalat Misr (tax ID: 235-071-579), the leading telecoms provider in Egypt; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.