Business
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Economy
11/2/2023 7:29:06 PM
Aligned with expectations, the Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided at its meeting on Thursday to maintain the key interest rates at their current levels.
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Business
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Economy
11/1/2023 5:09:44 PM
The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) is scheduled to hold its penultimate meeting for 2023 on Thursday to review key interest rates amid the latest economic developments on the local and global fronts.
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Business
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Economy
11/1/2023 3:31:32 PM
Foreign assets deficit at the Egyptian banking system declined for the first time in 11 months to reach EGP 812.41 billion ($26.29 billion) in July 2023, 2.66 percent lower than the previous month, according to data released by the Central Bank of Egypt (CBE) on Wednesday.
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Business
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Economy
11/1/2023 3:30:33 PM
Egypt’s external debt declined marginally to $164.73 billion during the fourth quarter of the fiscal year (FY) 2022/2023 from $165.36 billion in the previous quarter, according to data released by the Central Bank of Egypt (CBE) on Wednesday.
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Business
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Economy
10/31/2023 8:46:02 PM
The Central Bank of Egypt (CBE) has secured ¥7 billion ($956.61 million) from the state-run China Development Bank under a loan agreement.
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Business
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Economy
10/30/2023 1:40:36 PM
Egypt's Ministry of Supply and Internal Trade issued on Sunday a new resolution prohibiting engaging in exporting, importing, or trade of precious metals, including gold, without a permit from the Assay and Weights Administration (AWA).
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Business
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Economy
10/29/2023 6:21:15 PM
The gold holdings of the Central Bank of Egypt (CBE) declined by 2.8 percent to EGP 235.64 billion ($7.64 billion) in September from EGP 242.42 billion ($7.86 billion) in August, according to the monthly balance sheet released on Sunday.
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Business
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Tech
10/29/2023 12:44:50 PM
The Egyptian American University team won first place in the Arab FinTech Challenge for universities at GITEX Dubai 2023, which is sponsored by FinTech Egypt powered by the Central Bank of Egypt (CBE), the bank said in a statement on Saturday.
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Business
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Economy
10/26/2023 2:35:01 PM
The Central Bank of Egypt (CBE) has eased the restrictions on credit card usage abroad, allowing clients to use their cards without limits on hard currency withdrawals while being abroad.
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Business
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Economy
10/23/2023 8:15:49 PM
The Central Bank of Egypt (CBE) revised the deadline for transferring the export proceeds of gold artefacts to banks from 7 days to 30 days, according to a circular on Monday.
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Business
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Economy
10/17/2023 11:58:13 PM
The Central Bank of Egypt (CBE) issued new instructions on Tuesday to regulate the use of credit cards for transactions in foreign currencies abroad amid concerns of misuse.
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Business
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Economy
10/10/2023 4:37:33 PM
Egypt’s annual headline inflation decelerated in September to 38 percent, down from 39.7 percent in August, the Central Agency for Public Mobilization and Statistics (CAPMAS) said on Tuesday.
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Business
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Economy
10/10/2023 4:03:45 PM
The Central Bank of Egypt (CBE) is expected to reach an agreement with the International Monetary Fund (IMF) in early 2024 to peg the pound to a basket of international currencies and gold, according to Fakhry El-Fiqi, head of the Planning and Budget Committee in the House of Representatives.
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Business
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Economy
10/9/2023 8:44:14 PM
Several local banks suspended on Monday hard currency cash withdrawals and purchases made outside Egypt using debit cards, as per instructions from the Central Bank of Egypt (CBE) to reduce pressure on foreign currency reserves, an informed source told Ahram Online.
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Business
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Economy
10/9/2023 10:33:04 AM
The annual meetings (autumn meetings) of the International Monetary Fund (IMF) and the World Bank Group (WBG) kicked off on Tuesday in Marrakech and will continue through 15 October.
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Business
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Economy
10/8/2023 9:47:52 PM
The Central Bank of Egypt (CBE) has accepted EGP 43.05 billion in bids for two issuances on T-bills offered on Sunday.
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Business
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Economy
10/8/2023 5:16:00 PM
Egypt’s trade deficit declined by 23.59 percent during the fiscal year 2022/2023, primarily due to a significant decline in non-oil imports, according to data released by the Central Bank of Egypt (CBE).
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Business
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Economy
10/8/2023 2:10:02 PM
The Central Bank of Egypt (CBE) is probing whether to allow trade with Turkey in local currencies, said Yahya El-Wathiq Billah, head of the Commercial Representation Authority at Egypt's Ministry of Trade and Industry.
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Egypt
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Tourism
10/5/2023 4:58:14 PM
Egypt’s tourism revenues hit a record high of $13.6 billion in FY2022/2023, up by 26.8 percent from $10.7 billion in FY2021/2022, the Central Bank of Egypt (CBE) reported on Wednesday.
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Business
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Economy
10/4/2023 5:41:55 PM
Net International Reserves (NIRs) at the Central Bank of Egypt (CBE) reached $34.97 billion in September, the highest level in 16 months, according to data released on Wednesday.
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