banks
US dollar makes record decrease against Egyptian pound
Business
March 18, 2019
US dollar makes record decrease against Egyptian pound
The US dollar exchange rate witnessed a record decrease, the lowest in 2 years, on Monday against the Egyptian pound,…
Egypt has undergone “difficult surgery” for economic reform: Finance Minister
Business
March 11, 2019
Egypt has undergone “difficult surgery” for economic reform: Finance Minister
The state has undergone a very difficult surgery to conduct it’s economic reform, leading to success in all sectors, Finance…
Central Bank of Egypt bans circulation of banknotes with phrases
Economy
March 4, 2019
Central Bank of Egypt bans circulation of banknotes with phrases
The Central Bank of Egypt (CBE) announced on Monday it would ban the circulation of any banknotes bearing textual phrases,…
Central Bank of Egypt reduces deposit, lending rates by 1 percent
Economy
February 17, 2019
Central Bank of Egypt reduces deposit, lending rates by 1 percent
The Central Bank of Egypt (CBE) on Thursday unexpectedly reduced the deposit rate, overnight lending rate, and the rate of main…
US dollar price in Egypt hits lowest level in two years
Economy
January 28, 2019
US dollar price in Egypt hits lowest level in two years
The US dollar fell on Sunday during mid-day trading in Egyptian banks, hitting its lowest level in two years.…
US dollar exchange rates decline against Egyptian pound
Economy
January 27, 2019
US dollar exchange rates decline against Egyptian pound
The US dollar exchange rates declined against the Egyptian pound on Sunday morning comparing to Saturday’s exchange rates by…
Total deposits with banking system reach LE3.6 trillion in September: CBE
Economy
November 27, 2018
Total deposits with banking system reach LE3.6 trillion in September: CBE
The Central Bank of Egypt (CBE) announced that the total deposits with the banking system, other than the CBE,…
Egypt’s headline inflation surges to 17.7% in October
Business
November 11, 2018
Egypt’s headline inflation surges to 17.7% in October
Egypt’s headline inflation continued to climb year-on-year in October, rising to 17.7 percent from 16 percent in September, official…
U.S. Treasury calls reveal ‘deep concern’ over South Korea banks’ North Korea plans: document
World
October 22, 2018
U.S. Treasury calls reveal ‘deep concern’ over South Korea banks’ North Korea plans: document
SEOUL (Reuters) – The U.S. Treasury Department is “deeply concerned” about planned financial cooperation between North and South Korea and…
Dollar maintains prices against Egyptian Pound
Business
September 2, 2018
Dollar maintains prices against Egyptian Pound
The US Dollar exchange rate saw stable prices against Egyptian Pound in several Egyptian banks with average of LE17.80…