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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.

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