CBE
“NBE” and “Bank Misr”: New certificates at high interest rates just rumors
Egypt
July 10, 2017
“NBE” and “Bank Misr”: New certificates at high interest rates just rumors
Yahiya Abu Al Fottoh, Deputy Head of National Bank of Egypt (NBE), denied the issuance of certificates at high annual…
CBE’s interest rate hike last of reform procedures, source
Egypt
July 8, 2017
CBE’s interest rate hike last of reform procedures, source
A high-level government source said Friday that the decision of the Monetary Policy Committee of the Central Bank of Egypt…
Egypt’s foreign reserves rose by $180 million in June: CBE
Business
July 5, 2017
Egypt’s foreign reserves rose by $180 million in June: CBE
The Central Bank of Egypt (CBE) announced that the country’s foreign reserves rose by $180 million in June, an increase…
CBE cancels restrictions on foreign exchange transfers
Economy
June 15, 2017
CBE cancels restrictions on foreign exchange transfers
The Central Bank of Egypt (CBE) canceled on Wednesday restrictions on foreign exchange transfers, which it had imposed on February…
Deutsche Bank projects Egypt inflation down to 20% by end of 2017
Economy
June 7, 2017
Deutsche Bank projects Egypt inflation down to 20% by end of 2017
Deutsche Bank projected on Monday that Egypt’s inflation will decline to approximately 20% by the end of 2017 – a…
Egypt’s foreign reserves rise to $31.125 bn
Economy
June 5, 2017
Egypt’s foreign reserves rise to $31.125 bn
The Central Bank of Egypt (CBE) announced Sunday that the country’s foreign reserves rose to $31.125 billion at the end…
Financial crisis over, 2018 to witness boom: CBE governor
Business
May 17, 2017
Financial crisis over, 2018 to witness boom: CBE governor
The financial crisis is over and 2018 will see a boom, said Governor of the Central Bank of Egypt Tarek…
Cabinet’s IDSC denies govt intentions to change shape of currency
Business
May 15, 2017
Cabinet’s IDSC denies govt intentions to change shape of currency
The Cabinet’s Information and Decision Support Center (IDSC) denied news reports that the government intends to change the shape of…
Banks closed on Monday for Labor Day
Egypt
April 30, 2017
Banks closed on Monday for Labor Day
The Central Bank of Egypt (CBE) has declared that banks operating in Egypt will be closed on Monday, which marks…
Foreign currency records its highest level since 2011
Business
April 3, 2017
Foreign currency records its highest level since 2011
The balance of foreign currency reserves recorded its highest level since March 2011 reaching about US$28.5 billion, while the volume…