Central Bank of Egypt (CBE)
CBE cancels its negative list of companies and individuals
Business
April 7, 2020
CBE cancels its negative list of companies and individuals
The Central Bank of Egypt (CBE) on Tuesday announced in a statement that it has amended the ruling of the…
Central Bank of Egypt provides tourist establishments with two-year-repayment loans
Egypt
March 24, 2020
Central Bank of Egypt provides tourist establishments with two-year-repayment loans
The Central Bank of Egypt (CBE) has provided loans to tourist establishments with repayment terms for up to two years…
CBE launches electronic payment initiative to curb coronavirus
Economy
March 22, 2020
CBE launches electronic payment initiative to curb coronavirus
The Central Bank of Egypt (CBE) on Saturday launched a new initiative to encourage citizens to expand using electronic payment…
CBE to cancel LE10 bn worth of debt owed by 940,000 customers
Business
March 19, 2020
CBE to cancel LE10 bn worth of debt owed by 940,000 customers
The Central Bank of Egypt will cancel around LE 10 billion in debt owed to banks by 940,000 customers, as…
CBE ramps up measures to support Egypt’s economy amid coronavirus pandemic
Business
March 17, 2020
CBE ramps up measures to support Egypt’s economy amid coronavirus pandemic
The Central Bank of Egypt (CBE) has ordered local banks in the country not to impose additional fines applied to…
Central Bank of Egypt slashes key interest rates by 3 percent
Business
March 17, 2020
Central Bank of Egypt slashes key interest rates by 3 percent
The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) during an unscheduled meeting on Monday has chosen to slash…
CBE announces measures to mitigate coronavirus impact on banking sector
Business
March 16, 2020
CBE announces measures to mitigate coronavirus impact on banking sector
The Central Bank of Egypt (CBE) announced, on Sunday, a set of preventive measures in light of the coronavirus (COVID-19)…
Central Bank of Egypt keeps overnight interest rates unchanged
Business
February 21, 2020
Central Bank of Egypt keeps overnight interest rates unchanged
The Monetary Policy Committee of the Central Bank of Egypt decided, at its meeting on Thursday, to keep important interest…
Egypt’s net foreign reserves rise to US$45.457 bn in January
Business
February 7, 2020
Egypt’s net foreign reserves rise to US$45.457 bn in January
Egypt’s net foreign reserves rose to US$45.457 billion in January 2020 from $45.420 billion in December 2019, an increase of…
Prices of US dollar against Egyptian pound remain stable
Business
January 23, 2020
Prices of US dollar against Egyptian pound remain stable
Prices of the US dollar against the Egyptian pound remained stable in several banks on Thursday, following a decline in…