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" CBE"

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Business - Economy
2/22/2024 12:17:12 PM
The Central Bank of Egypt (CBE) released the core set of financial inclusion indicators for 2023, highlighting a notable rise in the country's financial inclusion rates.

Business - Economy
2/15/2024 1:47:41 PM
The Central Bank of Egypt has approved raising the share of Vodafone Egypt at the e-payment services provider Basata Holding for Financial Payments to 20 percent, according to a joint statement by the two sides.

Business - Economy
2/12/2024 1:13:33 PM
The Central Bank of Egypt (CBE) released a series of measures meant to regulate the use of credit cards by Egyptians abroad. Under the new instructions, customers who fail to provide documented evidence of credit card use during their stay abroad within a maximum period of 90 days will be subject to a series of measures, including the suspension of their credit card and being listed on a platform managed by the Egyptian Credit Bureau.

Business - Markets & Companies
2/11/2024 12:31:46 PM
Visa signed a memorandum of understanding (MoU) with Egyptian Banks Company (EBC) in collaboration with the Central Bank of Egypt (CBE) to facilitate and enhance the process of international remittances for Egyptians living abroad, Visa announced on Sunday.

Business - Economy
2/5/2024 6:58:33 PM
The Central Bank of Egypt (CBE) announced Monday an increase in the reserves of foreign currencies by about 30 million dollars.

Business - Economy
2/1/2024 9:04:15 PM
The Central Bank of Egypt has raised the key interest rates by two percent.

Business - Markets & Companies
2/1/2024 7:18:53 PM
The Egyptian Exchange (EGX) saw diverse performance in the week concluding on 1 February as investors awaited the Central Bank of Egypt's decision on key interest rates.

Business - Economy
2/1/2024 5:07:01 PM
The Central Bank of Egypt (CBE) stated it has not issued new directives regarding adjustments to the daily withdrawal limit in Egyptian pounds for individuals and corporations, read a CBE statement.

Business - Economy
2/1/2024 3:52:05 PM
The National Bank of Egypt (NBE) has launched a new debit card for customers with US dollar accounts, named Visa Platinum, to facilitate customers' overseas purchases, according to a statement released by the state-owned bank on Thursday.

Al-Ahram Weekly - Economy
2/1/2024 10:34:00 AM
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is to hold its first meeting for 2024 on Thursday to review key interest rates amid unprecedented economic challenges. The CBE’s next move on interest rates is unpredictable.

Business - Economy
1/31/2024 6:25:28 PM
The Central Bank of Egypt (CBE) has reduced the daily cash withdrawal limits in Egyptian pounds for corporations and individuals to EGP 150,000, according to a message sent to banks on Wednesday.

Business - Economy
1/30/2024 6:40:05 PM
The UK-based multinational Standard Chartered Bank has officially commenced its banking operations in Egypt, following the receipt of final approval from the Central Bank of Egypt (CBE), according to a statement by the bank on Tuesday.

Business - Economy
1/30/2024 5:43:05 PM
Egypt's state-owned Banque Misr (BM) has issued a new debit card exclusively for US dollar accounts, named Visa Platinum, enabling account holders to make purchases inside or outside of Egypt with a monthly limit of $20,000, an informed source at the bank told Ahram Online (AO).

Business - Economy
1/28/2024 6:19:56 PM
The Central Bank of Egypt (CBE) is set to issue EGP 130 billion treasury bills (T-bills) on Tuesday with four different maturities between April 2024 and January 2025.

Business - Economy
1/22/2024 3:16:52 PM
The Central Bank of Egypt (CBE) licensed the building of a branch of the UK-based Standard Chartered Bank in Egypt, according to the Egyptian Gazette issue on Monday.

Business - Economy
1/21/2024 2:47:39 PM
The Central Bank of Egypt (CBE) has announced that all banks operating in the country will be closed on Thursday 25 January, on the occasion of the 25 January Revolution and Egyptian Police Day anniversary.

Business - Tech
1/21/2024 1:19:04 PM
The Central Bank of Egypt (CBE) has secured membership in the Organization of Islamic Cooperation's Computer Emergency Response Teams (OIC-CERT), according to a statement by the bank on Sunday.

Business - Economy
1/18/2024 10:25:07 PM
The Central Bank of Egypt (CBE) extended the instructions mandating banks to allocate 25 percent of their credit facilities portfolio to micro, small, and medium-sized enterprises (MSMEs) for one year starting 1 January 2024, according to a circular on Thursday.

Business - Economy
1/16/2024 2:57:30 PM
Foreign companies can now retain their capital increase deposit in foreign currency, rather than having it converted to Egyptian pound by the bank, allowing them to utilize it later for the procurement of production inputs.

Business - Economy
1/14/2024 8:17:07 PM
Egypt’s short-term external debt reached an all-time high at around $30.27 billion in the first quarter of the fiscal year (FY)2023/2024 – July/September – up from $28.15 billion in the previous quarter, according to data released on Sunday by the Central Bank of Egypt (CBE).

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