Central Bank of Egypt (CBE)
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…
US dollar loses 14 piasters against Egyptian pound within 5 days: CBE
Business
January 14, 2020
US dollar loses 14 piasters against Egyptian pound within 5 days: CBE
The US dollar exchange rate continued its decline against the Egyptian pound on Monday, to reach LE15.86 for purchase and…
Egypt’s foreign currency reserves up to $45.42 billion in December: CBE
Business
January 6, 2020
Egypt’s foreign currency reserves up to $45.42 billion in December: CBE
Egypt’s foreign currency reserves increased to US$45.42 billion in December compared to $45.35 billion in November, the Central Bank of…
US dollar exchange rate in Egypt declines under LE16 mark
Business
December 17, 2019
US dollar exchange rate in Egypt declines under LE16 mark
The US dollar exchange rate made a new record decline against the Egyptian pound, falling below the LE16 mark for…
CBE announces LE50 billion support plan for Egypt’s tourism sector
Business
December 15, 2019
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…
Cabinet sets 5 conditions for granting Egyptian nationality to foreigners
Business
December 11, 2019
Cabinet sets 5 conditions for granting Egyptian nationality to foreigners
The Egyptian Cabinet approved on Tuesday a draft law to regulate granting Egyptian nationality, setting five conditions, according to the…