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Al-Ahram Weekly
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Economy
5/30/2022 1:17:00 PM
Egypt’s central bank has opted to increase interest rates for the second time this year.
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Business
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Economy
5/6/2022 9:43:42 PM
With the US Federal Reserve (Fed) deciding to increase its interest rate by a rare half-percentage-point — the largest increase in two decades — in an effort to reduce burgeoning inflation that is running at a four-decade high, major economic impacts are looming for countries worldwide, especially emerging markets like Egypt.
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Business
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Economy
12/23/2021 11:04:13 PM
The Central Bank of Egypt (CBE) announced the extension until the end of June 2022 of its facilities adopted to mitigate the severe repercussions of COVID-19.
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Business
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Economy
12/16/2021 9:52:48 PM
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) on Thursday kept the overnight deposit rate, overnight lending rate, and the rate of the main operation unchanged at 8.25 percent, 9.25 percent and 8.75 percent, respectively.
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Business
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Economy
12/14/2021 7:02:46 PM
The Central Bank of Egypt (CBE) has approved an incentive package to support small and medium-sized enterprises (SMEs) against the economic impacts of the COVID-19 pandemic, the CBE announced on Tuesday.
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Business
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Economy
11/17/2021 2:48:33 PM
The Central Bank of Egypt (CBE) decided that two seats in each of Egypt's bank boards will be reserved for women, CBE Governor Tarek Amer told MENA, the state-owned news agency, on Wednesday.
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Business
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Tech
11/8/2021 1:03:07 PM
The Central Bank of Egypt (CBE) approved the regulations that govern the instant payment network (IPN) services in the domestic market, the bank announced on Sunday.
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Business
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Tech
9/26/2021 6:23:39 PM
The Central Bank of Egypt (CBE) announced on Sunday that it has approved the issuance of licenses for smartphone contactless payments.
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Business
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Economy
9/16/2021 8:29:22 PM
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Business
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Economy
6/29/2021 4:40:52 PM
New data published by the CBE on Tuesday showed that foreign investments in Egypt’s T-bills has seen a gradual increase since January, when they recorded EGP 298 billion
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Business
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Economy
6/17/2021 7:43:19 PM
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Business
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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
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Business
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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
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Business
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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
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Business
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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
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Business
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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.
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Business
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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
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Business
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Economy
4/22/2021 9:42:20 PM
The regulation also states that the bank issuing electronic units must have deposits in Egyptian pounds that are no less in value than the electronic units
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Business
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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
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Business
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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
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