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" CBE"
684 results
Business - Economy
4/12/2021 1:37:44 PM
The CBE expected Egypt’s gradual recovery to start from FY2021/22, with a pickup in tourism from the supply side and private domestic demand from the demand side, alongside a gradual dissemination of vaccines
Business - Economy
4/8/2021 5:15:38 PM
CBE inflation calculations show that the annual headline inflation rate remained stable at 4.5% in March 2021
Business - Economy
4/5/2021 3:47:57 PM
The initiative obliges banks operating in the Egyptian market to appropriate at least 20 percent of loan portfolios to SMEs
Business - Economy
4/4/2021 8:33:36 PM
In September 2019, Egypt’s NIRs recorded an all-time high of $45.1 billion, before going down to $40 billion iN march 2020, driven by the unprecedented blow to global financial markets arising from the COVID-19
Business - Economy
3/28/2021 7:57:00 PM
CBE also emphasized that cryptocurrencies involve a high degree of risk, dominated by a wide fluctuation and instability in their price values
Business - Economy
3/24/2021 12:28:24 PM
The CBE decision comes under President Sisi's directives to reinforce the financial inclusion policy and pay attention to all classes in society
Business - Economy
3/22/2021 3:54:39 PM
The maturity date for the five-year term T-bonds is 12 January 2026, while the maturity date of the 10-year term T-bonds will be 12 January 2031
Al-Ahram Weekly - Economy
3/20/2021 10:01:00 AM
Al-Ahram Weekly reports on a new real estate initiative targeted at people on low and middle incomes
Business - Economy
3/18/2021 11:03:00 AM
The current overnight deposit rate, the overnight lending rate, and the rate of the main operation are at 8.25 percent, 9.25 percent, and 8.75 percent, respectively
Business - Economy
3/15/2021 1:01:38 PM
Egypt’s net international reserves rose for the ninth month in a row to reach $40.2 billion by end of February, up from $40.1 billion in January, according to the CBE
Business - Economy
3/15/2021 12:04:54 PM
The new financial strategy is meant to decrease public debt to GDP ratio to about 70 percent over the coming four years
Egypt - Politics
3/15/2021 11:05:30 AM
Citizens can still use traditional paper money currently in circulation in all of their financial transactions, the CBE said
Egypt - Politics
3/14/2021 11:45:00 PM
Governor of the CBE said that 320,000 farmers have had their debts written off, adding that these debts totaled around EGP 660 million
Business - Economy
3/11/2021 2:48:58 PM
COVID-19 Response targets 120,000 women in Minya, Beni Sueif, Assiut, and Sohag, aiming to expand the scale, sustainability, and impact of VSLAs through leveraging technology of different e-payment methods
Business - Economy
3/11/2021 11:30:48 AM
Likewise, Egypt’s short-term external debt jumped by 9.8 percent to reach $12.3 billion in the same period, up from $11.2 by the end of December 2019
Business - Economy
3/10/2021 3:10:05 PM
CAPMAS and CBE calculations of the inflation rates came within the target set by the CBE, which is 7 seven percent (+/-2 percent) through 2022
Business - Economy
3/10/2021 1:48:39 PM
Egypt’s economy has shown stability and resilience through the global COVID-19 pandemic, said Fitch Ratings
Business - Economy
3/7/2021 2:48:45 PM
The increase is the ninth for the NIRs since it started to bounce back last June after a sharp drop caused by the COVID-19 pandemic in 2020
Business - Economy
2/24/2021 12:56:21 PM
The allocations will benefit more than 120 MSMEs and accelerate economic growth
Business - Economy
2/18/2021 6:45:49 PM
Lack of access to finances is the major obstacle SMEs face, which impacts their employment growth and sustainability, the paper noted
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