banks
Suez Canal Authority records highest transfer to State Treasury in its history
Egypt
June 9, 2019
Suez Canal Authority records highest transfer to State Treasury in its history
The Ministry of Finance announced that the Suez Canal Authority has recorded its highest transfer rate towards the State Treasury…
CBE announces Eid al-Fitr vacation to start Tuesday
Egypt
June 2, 2019
CBE announces Eid al-Fitr vacation to start Tuesday
The Central Bank of Egypt and the stock market announced Tuesday, June 4 as the first day of the official…
US dollar price in Egypt continues decline
Business
May 27, 2019
US dollar price in Egypt continues decline
On Monday, the US dollar saw a two-piaster decline in Egypt’s banks. In the National Bank of Egypt, it recorded…
Egypt’s central bank keeps key interest rates unchanged
Economy
May 27, 2019
Egypt’s central bank keeps key interest rates unchanged
CAIRO, May 23 (Reuters) – Egypt’s central bank on Thursday kept its key interest rates unchanged, in line with a…
US dollar maintains stable rates against Egyptian pound
Business
May 19, 2019
US dollar maintains stable rates against Egyptian pound
The US dollar maintained stable rates against the Egyptian pound on Sunday morning, with an average exchange rate of LE17.…
US dollar rate in Egypt declines
Economy
May 6, 2019
US dollar rate in Egypt declines
On Monday, the US dollar saw a two-piaster decline in Egypt’s banks. In Banque Misr and the National Bank of…
Trump sues banks in bid to block Congress subpoenas
World
April 30, 2019
Trump sues banks in bid to block Congress subpoenas
US President Donald Trump, along with his family and businesses, on Monday sued Deutsche Bank and Capital One in an…
US investment fund to buy Egypt’s United Bank: CBE
Business
April 29, 2019
US investment fund to buy Egypt’s United Bank: CBE
Governor of Central Bank of Egypt (CBE) Tarek Amer announced on Monday that a US investment fund would buy the…
Egypt to sell stake in Banque du Caire by end of year: CBE Governor
Business
April 16, 2019
Egypt to sell stake in Banque du Caire by end of year: CBE Governor
Central Bank of Egypt Governor Tarek Amer officially revealed plans to sell a stake in Banque du Caire, one of…
Egypt sets plan set to reduce public debt-to-GDP: Minister
Business
April 14, 2019
Egypt sets plan set to reduce public debt-to-GDP: Minister
Egypt’s Minister of Finance Mohammed Maait said that the government has been working on reducing the public debt-to-Growth Domestic Product…