Central Bank of Egypt (CBE)

Egypt to receive third IMF loan installment within days: CBE source
Egypt

Egypt to receive third IMF loan installment within days: CBE source

A high-level source at the Central Bank of Egypt (CBE) said on Thursday that Egypt will receive the third installment…
CBE: foreign reserves rise by $20 million in November
Business

CBE: foreign reserves rise by $20 million in November

The Central Bank of Egypt (CBE) said that the country’s net foreign currency reserves rose by $20 million at the…
Billionaire Naguib Sawiris says dreams of owning bank in Egypt
Business

Billionaire Naguib Sawiris says dreams of owning bank in Egypt

Egyptian billionaire businessman Naguib Sawiris said Tuesday that he wants to open a private bank in Egypt. “If the Governor of…
World Bank transfers $125 mn to CBE for Upper Egypt development
Economy

World Bank transfers $125 mn to CBE for Upper Egypt development

The Ministry of Planning, Follow-up and Administrative Reform said that the World Bank (WB) transferred $125 million to Central Bank…
Egypt’s foreign reserves rise to $36.5 bn in September: CBE
Business

Egypt’s foreign reserves rise to $36.5 bn in September: CBE

Egypt’s foreign reserves increased to $US36.534 billion in September from $36.143 in August, rising by $391 million, the Central Bank…
Sisi reviews latest economic, heath, security issues in top-level meeting
Egypt

Sisi reviews latest economic, heath, security issues in top-level meeting

President Abdel Fattah al-Sisi held a presidential meeting on Monday with Prime Minster Sherif Ismail to examine recent economic developments, affairs…
32.5% increase in Egypt’s foreign debt: CBE
Egypt

32.5% increase in Egypt’s foreign debt: CBE

The Central Bank of Egypt (CBE) said that Egypt’s gross foreign debt surged by 32.5 percent ($18.1 billion) in the third…
Central Bank of Egypt considers additional hikes in key interest rates
Business

Central Bank of Egypt considers additional hikes in key interest rates

The government is considering a new hike in key deposit and lending rates; the issue will be discussed by the…
Domestic public debt rises to LE3 trillion: CBE
Business

Domestic public debt rises to LE3 trillion: CBE

The total domestic public debt has risen to LE3.079 trillion in the period from July to March of the fiscal year…
Banking system received $1 bln in 2 days, after central bank raised key interest rates
Business

Banking system received $1 bln in 2 days, after central bank raised key interest rates

Governor of the Central Bank of Egypt Tarek Amer said Monday that the banking system received around $1 billion since…
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