central bank
Turkey’s central bank hikes inflation view, defends independence
Middle East
July 31, 2018
Turkey’s central bank hikes inflation view, defends independence
ANKARA (Reuters) – Turkey’s central bank on Tuesday sharply raised its inflation forecast for this year and next, saying price…
With economy faltering, Iran appoints two new heads of key agencies
Middle East
July 25, 2018
With economy faltering, Iran appoints two new heads of key agencies
(Reuters) – Iran’s cabinet appointed new heads at two of the government’s top economic institutions, as the country grapples with…
NBE, Banque Misr halt issuance of 17% savings certificates
Business
April 14, 2018
NBE, Banque Misr halt issuance of 17% savings certificates
Banque Misr and the National Bank of Egypt (NBE) stated they will be halting the issuance of savings certificates with fixed…
Egypt to host first FinTech conference this week to revolutionize economy
Economy
February 3, 2018
Egypt to host first FinTech conference this week to revolutionize economy
Aiming to endorse the use of financial technology applications in Egypt for efficient and cheaper financial services, Egypt is hosting the…
Bitcoin value continues to fall after several countries warn against it
Economy
January 17, 2018
Bitcoin value continues to fall after several countries warn against it
The electronic currency Bitcoin continued on Wednesday to fall, completing a 24-hour downward spiral, with about 7 percent of its…
Egypt’s central bank holds interest rates as expected
Economy
November 19, 2017
Egypt’s central bank holds interest rates as expected
Egypt’s central bank kept interest rates unchanged as expected on Thursday, concluding that further declines in inflation were needed to…
Egypt’s foreign reserves jump to $36.7 bln in October, highest in history
Economy
November 6, 2017
Egypt’s foreign reserves jump to $36.7 bln in October, highest in history
Egypt recorded its highest level of foreign reserves in its history, Egypt’s Central Bank announced on Sunday, climbing from $36.535 billion at…
Egypt’s foreign debt up 42 pct to $79 bln in 2016-17 -central bank
Economy
September 30, 2017
Egypt’s foreign debt up 42 pct to $79 bln in 2016-17 -central bank
Egypt’s foreign debt rose to $79 billion in the 2016-17 fiscal year which ended in June, up 42 percent from…
Egypt’s central bank did not order to halt Qatari riyal transactions: statement
Economy
June 5, 2017
Egypt’s central bank did not order to halt Qatari riyal transactions: statement
Egypt’s central bank said it has not ordered banks to halt transactions in Qatari riyals, after six Arab nations, including…
Lebanon renews Central Bank governor’s term amid turbulence
Middle East
May 25, 2017
Lebanon renews Central Bank governor’s term amid turbulence
The Lebanese government has reappointed Lebanon’s long-serving Central Bank governor for another six year term. The renewal of Riad Salameh’s…