Central Bank of Egypt (CBE)
CBE allows opening bank accounts from age 15 without guardian approval
Egypt
November 13, 2024
CBE allows opening bank accounts from age 15 without guardian approval
The Central Bank of Egypt (CBE) announced on Monday that banks will be allowed to open accounts for young people…
Egypt’s balance of gold in foreign reserves at US$ 11 billion
Business
November 12, 2024
Egypt’s balance of gold in foreign reserves at US$ 11 billion
The Central Bank of Egypt (CBE) announced on Monday that the balance of gold in Egypt’s foreign reserves rose to…
Why is the US dollar rising in Egypt?
Business
November 8, 2024
Why is the US dollar rising in Egypt?
Economists have attributed the recent rise in the US dollar against the Egyptian pound to a combination of domestic and…
For 15 days, Egyptian banks open accounts for free without a minimum
Business
October 16, 2024
For 15 days, Egyptian banks open accounts for free without a minimum
The Central Bank of Egypt (CBE) announced opening accounts in banks operating in the local market for free and without…
The Central Bank report that fell on deaf ears
Opinion
September 26, 2024
The Central Bank report that fell on deaf ears
If the external debt were to increase by a dollar, a fierce storm would erupt against the government, and analyses,comments, and negative, discouraging expectations…
US dollar exchange rate at Egypt’s major banks
Main Slider
August 9, 2024
US dollar exchange rate at Egypt’s major banks
The US dollar exchange rate against the Egyptian pound has stabilized Friday, following the increase recorded yesterday, coinciding with the…
Egypt’s external debt decreases by $14 billion in 5 months
Economy
July 26, 2024
Egypt’s external debt decreases by $14 billion in 5 months
Egypt’s external debt has decreased to $153.9 billion at the end of May 2024, compared to $168 billion at the…
US dollar exchange rates at major Egyptian banks on Friday
Business
July 12, 2024
US dollar exchange rates at major Egyptian banks on Friday
The dollar exchange rate against the Egyptian pound remained stable on Friday. Below is Friday’s dollar exchange rate National Bank…
Egyptian expat remittances increase to US$ 2.7 billion in May 2024
Egypt
July 9, 2024
Egyptian expat remittances increase to US$ 2.7 billion in May 2024
For the third month in a row, remittances from Egyptians working abroad increased during May at a rate of 73.8…
Egypt sees significant decline in total external debt
Business
July 1, 2024
Egypt sees significant decline in total external debt
Egypt’s total external debt declined to US$160.607 billion during the first quarter of 2024, compared to $168.034 billion during the…