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" Egypt Central Bank"

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Business - Economy
4/15/2024 2:36:33 PM
The Central Bank of Egypt (CBE) has raised the daily cash withdrawal limit in Egyptian pounds for corporations and individuals from banks to EGP 250,000, up from EGP 150,000.

Business - Tech
4/4/2024 4:32:18 PM
The Central Bank of Egypt (CBE) launched on Thursday the "Women for Women in FinTech" initiative to provide innovative solutions for women entrepreneurs across various sectors to help them expand their businesses.

Al-Ahram Weekly - Opinion
3/12/2024 8:22:49 PM
It is time to break from Joseph’s prophecy.

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 - Economy
1/8/2024 2:52:30 PM
The Central Bank of Egypt (CBE) is set to launch the electronic pound by 2030 to increase the efficiency of monetary policy, read a government document released in January.

Business - Economy
1/3/2024 2:03:34 PM
The Central Bank of Egypt (CBE) issued on Tuesday $830 million in USD-denominated treasury bills (T-bills) with a one-year maturity, according to the bank’s website.

Business - Economy
11/13/2023 1:42:42 PM
Kuwait has prolonged the tenor of a $4 billion deposit at the Central Bank of Egypt (CBE) to support the country’s international reserves, according to data released by the bank.

Business - Economy
11/5/2023 5:36:57 PM
The Central Bank of Egypt (CBE) revealed a slight uptick in international reserves, climbing to $35.1 billion in October from $34.97 billion in September, according to data released on Sunday.

Business - 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.

Business - 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.

Business - 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.

Business - Economy
9/25/2023 2:07:24 PM
The Central Bank of Egypt (CBE) has received two awards for financial inclusion and the economic empowerment of citizens and companies by the Alliance for Financial Inclusion (AFI), according to a statement on Monday.

Business - Economy
9/21/2023 9:20:18 PM
The Central Bank of Egypt (CBE) decided to maintain interest rates at current levels during its meeting on Thursday.

Business - Economy
8/17/2023 10:04:09 PM
President Abdel Fattah El-Sisi renewed on Thursday the mandate for Hassan Abdullah as the acting governor of the Central Bank of Egypt (CBE).

Business - Economy
8/3/2023 9:40:51 PM
Against all expectations, the Monetary Policy Committe (MPC) of the Central Bank of Egypt ( CBE) decided on Thursday to raise the key interest rates by one percent (100 bps) in its first meeting in FY2023/2024 and the fifth in 2023.

Business - Economy
5/27/2023 5:00:56 PM
Governor of the Central Bank of Egypt (CBE) Hassan Abdallah urged on Friday the African Development Bank (AfDB) to increase its lending to member states on concessional terms.

Business - Economy
5/17/2023 11:17:52 PM
The Central Bank of Egypt (CBE) has hired the UK's Barclays Corporate and Investment Bank (Barclays CIB) as the international financial adviser for the sale of its 99 percent stake in the state-owned United Bank, according to a statement by the CBE on Wednesday.

Business - Economy
4/4/2023 12:10:38 AM
Prices of gold in Egypt dropped by around 3.18 percent on Monday after new high-yield certificates of deposit (CDs) issued by the National Bank of Egypt (NBE) and Banque Misr collected EGP 67 billion ($2.16 billion) in proceeds on the first day of issuance.

Business - Economy
2/1/2023 2:12:56 PM
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is scheduled to convene on Thursday, the first meeting in 2023, to review the key interest rates in light of the recent updates in the country’s macroeconomy.

Business - Economy
1/30/2023 12:25:01 PM
Egypt's Ministry of Agriculture and Land Reclamation, in cooperation with the Central Bank of Egypt (CBE), has secured over the past week the release from ports of 135,000 tons of corn and soy fodder with an estimated value of $91 million.

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