Central Bank of Egypt (CBE)

Egypt’s foreign currency reserves increase to US$44.218 bn: CBE
Business

Egypt’s foreign currency reserves increase to US$44.218 bn: CBE

The Central Bank of Egypt (CBE) announced that the country’s foreign currency reserves increased to US$44.218 billion at the end…
US investment fund to buy Egypt’s United Bank: CBE
Business

US investment fund to buy Egypt’s United Bank: CBE

Governor of Central Bank of Egypt (CBE) Tarek Amer announced on Monday that a US investment fund would buy the…
Egypt to sell stake in Banque du Caire by end of year: CBE Governor
Business

Egypt to sell stake in Banque du Caire by end of year: CBE Governor

Central Bank of Egypt Governor Tarek Amer officially revealed plans to sell a stake in Banque du Caire, one of…
CBE receives requests from major international banks to operate in Egypt
Business

CBE receives requests from major international banks to operate in Egypt

The Central Bank of Egypt (CBE) has received requests from major international banks recently for new licenses to operate in…
CBE Governor expects fifth installment of IMF loan by the end of January
Business

CBE Governor expects fifth installment of IMF loan by the end of January

  Governor of the Central Bank of Egypt (CBE) Tariq Amer said that Egypt expects to receive its fifth IMF…
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…
Inflation rate anticipated to decline to 9% in 2018: CBE
Economy

Inflation rate anticipated to decline to 9% in 2018: CBE

  The Central Bank of Egypt (CBE) announced in a Saturday statement that they anticipate the inflation rate would decline…
Central Bank of Egypt discusses opening country to international banks
Business

Central Bank of Egypt discusses opening country to international banks

  The Central Bank of Egypt (CBE) held a meeting on Tuesday, to discuss allowing international banks to open branches…
Egypt’s government denies price increase for tobacco products
Egypt

Egypt’s government denies price increase for tobacco products

  The government denied price increases for local tobacco products, after checking the facts on the increase of cigarette prices…
Egypt’s foreign currency reserves rose $12m in Nov: CBE
Business

Egypt’s foreign currency reserves rose $12m in Nov: CBE

The Central Bank of Egypt (CBE) announced on Tuesday that Egypt’s foreign currency reserves rose by $12 million in November…
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