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" CBE"
703 results
Business - Economy
6/16/2021 1:19:18 PM
Over four consecutive meetings, the MPC decided to maintain the key interest rates at 8.25 percent, 9.25 percent, and 8.75 percent for the overnight deposit rate, overnight lending rate, and the rate of the main operation
Business - Economy
6/14/2021 4:38:35 PM
Food stuff commodities’ price annual inflation rate increased in May to 1.7 percent, up from -0.3 percent in April
Business - Economy
6/10/2021 1:59:17 PM
According to the MoU, the two central banks will cooperate in fields of licenses, the ownership structures of the licensed financial institutions, and acquisition processes licenses
Business - Economy
6/8/2021 1:42:00 PM
The CBE said that the action came in the implementation of Egypt’s national council of payments’ strategy under the chairmanship of President Abdel-Fattah El-Sisi
Business - Economy
6/3/2021 5:50:29 PM
Business -
6/3/2021 2:38:12 PM
The CBE attributed the hike to the uptick in foreign direct investment (FDI) inflows
Business - Economy
6/1/2021 12:41:11 PM
The data also showed that the government’s total external debt increased in the 2Q of FY 2019/20 to reach $77.2 billion, up from $73.1 billion in the 1Q of the fiscal year and $69.3 billion by the end of FY2019/20
Business - Economy
5/19/2021 2:33:38 PM
Concerning the EGP 3 billion tourism support initiative, which the finance ministry launched in May 2020, the CBE extended the validity of the initiative to the end of December 2021
Business - Economy
5/17/2021 3:20:08 PM
Despite the CBE's total assets growing by the end of April, gold and cash assets dropped compared to December's data
Business - Economy
5/10/2021 2:21:35 PM
External debt grew by 4.6 percent by the end of December 2020, reaching $129.2 billion compared to the end of FY2019/20, with an increase in debt services of $7.8 billion recorded in the 1H of FY2020/21, according to the CBE
Business - Economy
4/29/2021 3:20:20 PM
The data showed that domestic liquidity in the Egyptian market rose to EGP 5.1 billion by the end of March, up from EGP 5 billion in February and EGP 4.5 billion by the end of FY2019/20
Business - Economy
4/29/2021 11:08:27 AM
The T-bills were offered at an interest rate of 3 percent, up to 3.1 percent, with a weighted average interest rate of 3 percent, according to the CBE
Business - Economy
4/28/2021 5:23:07 PM
The MPC said that its decision is consistent with achieving the inflation target of 7 percent (±2 percentage points) on average in the fourth quarter of 2022 and price stability over the medium term.
Business - Economy
4/28/2021 2:20:07 PM
Banks will resume work on Tuesday 4 May
Business - Economy
4/27/2021 12:42:00 PM
In the last two meetings, the CBE’s overnight deposit rate, overnight lending rate, and the rate of the main operation remained unchanged at 8.25 percent, 9.25 percent, and 8.75 percent, respectively
Business - Economy
4/26/2021 3:21:14 PM
The proceeds of this kind of auctions are used to replenish Egypt’s net international reserves (NIRs)
Business - Economy
4/26/2021 12:33:29 PM
In the past five years, Egypt’s GDP grew to reach EGP 5.9 trillion by the end of FY 2019/20 – up from EGP 3.4 trillion in FY 2016/17, reported the finance ministry
Business - Economy
4/25/2021 1:38:56 PM
The central bank said that long-term external debt surged to $113 billion by end of Q1 of FY2020/21 and short-term debt increased by about $1.4 billion to reach about $12.3 billion
Business - Economy
4/22/2021 12:49:36 PM
The CBE said that the action is in line with the National Payments Council’s strategy that aims to attain digital transformation and financial inclusion
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
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