CBE Governor

CBE announces LE50 billion support plan for Egypt’s tourism sector
Business

CBE announces LE50 billion support plan for Egypt’s tourism sector

The Central Bank of Egypt (CBE) announced on Sunday the largest financing plan to support the tourism industry, which includes…
CBE demands government to put tax incentives for the industrial sector
Economy

CBE demands government to put tax incentives for the industrial sector

The Central Bank of Egypt (CBE) on Sunday urged the government to grant tax incentives to the industrial sector within…
Sisi discusses developments of Egypt’s monetary reform program
Economy

Sisi discusses developments of Egypt’s monetary reform program

  Egyptian President Abdel Fattah al-Sisi on Sunday discussed the monetary reform program with Prime Minister Mostafa Madbouly and Governor…
Electronic banking law discussed, as Egypt’s digitization continues
Egypt

Electronic banking law discussed, as Egypt’s digitization continues

  A draft law on developing non-cash financial transactions was discussed by Prime Minister Mostafa Madbouly, Central Bank of Egypt…
CBE not to reduce pound exchange rate: governor
Business

CBE not to reduce pound exchange rate: governor

The Central Bank of Egypt (CBE) will not reduce the exchange rate of the Egyptian pound before the foreign reserves…
CBE governor: US$22.9 billion in foreign reserves expected by end of FY2014/15
Egypt

CBE governor: US$22.9 billion in foreign reserves expected by end of FY2014/15

Egypt hopes to reach US$30 billion in net foreign currency reserves by Fiscal Year 2018/19, and $22.9 billion is expected…
Banking expert criticizes CBE policy toward US dollar
Business

Banking expert criticizes CBE policy toward US dollar

Banking expert Passant Fahmy criticized previous televised remarks by Central Bank Governor Hisham Ramez in which he said he would…
UPDATE: CBE governor says Egypt to ease foreign currency transfers
Business

UPDATE: CBE governor says Egypt to ease foreign currency transfers

Egypt will loosen restrictions on foreign currency transfers, according to Central Bank Governor Hisham Ramez. "The Egyptian government will take further steps…
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