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Business
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Economy
1/2/2024 1:28:17 PM
The foreign assets deficit in the Egyptian banking system declined by EGP 5.25 billion to reach EGP 833.96 billion ($26.9 billion) in November 2023, according to data released by the Central Bank of Egypt (CBE).
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Business
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Economy
12/27/2023 12:55:19 PM
The Central Bank of Egypt (CBE) has announced that banks in the country will be closed on Monday, 1 January, on the occasion of the end of the fiscal year for banks operating in the country, according to a statement by the CBE
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Business
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Economy
12/25/2023 7:21:07 PM
Financing offered to Egyptian microenterprises surged by more than 1,123%, reaching EGP 78.3 billion in June 2023 from just EGP 6.4 billion in December 2016, according to a press release by the Central Bank of Egypt (CBE) on Monday.
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Business
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Economy
12/25/2023 4:02:52 PM
The Central Bank of Egypt (CBE) has given banks six months to comply with the updated anti-money laundering and terrorism financing regulations issued on 19 December, according to a circular posted on Monday.
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Business
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Economy
12/21/2023 6:49:54 PM
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) maintained the current key interest rates unchanged in its final meeting for 2023 held on Thursday.
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Business
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Economy
12/20/2023 7:00:00 PM
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is scheduled to convene on Thursday in its final meeting for 2023 amid mixed expectations of either raising or maintaining the current key interest rates.
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Business
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Tech
12/19/2023 6:54:08 PM
Global digital payment company Visa entered into a strategic collaboration agreement with global technology company TECH5 in a bid to enhance digital government ecosystems on a global scale, according to a statement by Visa on Tuesday.
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Business
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Economy
12/18/2023 5:28:10 PM
The number of ATMs with features supporting people of determination in Egypt surged by nearly 23 percent to 4,950 in December from around 4,000 in January, according to a statement by the Central Bank of Egypt (CBE) on Monday.
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Business
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Economy
12/12/2023 3:47:16 PM
Egypt is required to pay $32.79 billion in debt service in 2024, according to data released by the Central Bank of Egypt (CBE).
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Business
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Economy
12/10/2023 6:34:51 PM
Egypt's annual core inflation rate decelerated by 2.2 percent in November, recording 35.9 percent, down from 38.1 percent in October, according to the data released by the Central Bank of Egypt (CBE) on Sunday.
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Business
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Economy
12/7/2023 1:57:25 PM
The international reserves at the Central Bank of Egypt (CBE) inched up by $71 million to record $35.17 billion in November, according to CBE data on Thursday.
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Business
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Economy
12/6/2023 3:46:02 PM
The American University in Cairo (AUC) announced that Sherif Kamel, dean of the School of Business Administration, has joined the Board of Directors of the Central Bank of Egypt (CBE) as a financial expert, read an AUC statement on Wednesday.
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Business
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Economy
12/5/2023 3:12:16 PM
The Central Bank of Egypt (CBE) sold on Monday $990 million in USD-denominated treasury bills (T-bills) with a one-year maturity, according to the bank’s website.
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Business
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Economy
12/4/2023 2:03:22 PM
President Abdel-Fattah El-Sisi issued a new regulation on Monday, signaling the reconstitution of the General Assembly of the Sovereign Fund of Egypt (TSFE) under the chairmanship of Prime Minister Mostafa Madbouly.
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Business
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Economy
12/3/2023 2:22:32 PM
The services sector was the top recipient of foreign direct investments (FDI) in Egypt during the fiscal year (FY) 2022/2023, recording $5.94 billion, or 59.16 percent of that year’s total FDI, according to the External Position report released by the Central Bank of Egypt (CBE).
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Business
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Economy
11/30/2023 10:47:57 PM
The UAE has renewed a $1 billion deposit at the Central Bank of Egypt (CBE) for three years to 1 July 2026 instead of 1 July 2023, according to the External Position report released on Thursday.
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Business
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Economy
11/30/2023 7:30:56 PM
The USD declined slightly against the Egyptian pound in the parallel market, hovering around EGP 49.5, as the Central Bank of Egypt (CBE) injected $2 billion to regulate the market, a source from the import sector who preferred not to be named told Ahram Online on Thursday.
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Business
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Economy
11/28/2023 5:31:33 PM
Egyptian President Abdel-Fattah El-Sisi recently decreed the formation of a new board of directors for the Central Bank of Egypt (CBE) under Hassan Abdalla, who has served as acting governor of the bank since August 2023.
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Business
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Economy
11/27/2023 12:45:52 PM
President Abdel-Fattah El-Sisi has issued a presidential decree, announced on Sunday, to establish a new board of directors of the Central Bank of Egypt (CBE).
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Business
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Economy
11/26/2023 3:54:29 PM
Fawry, Egypt's leading e-payment company, announced the completion of a thorough cybersecurity verification process and infrastructure examination in response to reports of a hack, according to a statement by the company on Sunday.
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