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Business - Economy
12/21/2021 4:57:09 PM
Egyptian expats’ remittances inched up during the first quarter (1Q) of the current FY2021/2022 — July to September 2021 — by 1.5 percent, on an annual basis, to post $8.1 billion, up from about the $8 billion recorded in the same quarter of FY2020/2021, the Central Bank of Egypt announced on Tuesday.

World - Region
12/21/2021 1:56:56 PM
Lebanon's mandatory reserves are down to $12.5 billion, Central Bank Governor Riad Salameh said Tuesday, adding that this was only enough to finance subsidies on basic goods for another six months.

Business - Economy
12/20/2021 3:14:27 PM
Egypt’s latest treasury bills’ (T-bills) auction managed to bring in more than EGP 45 billion through 438 bids, according to the Central Bank of Egypt (CBE).

Business - Economy
12/20/2021 2:37:52 PM
Egypt’s Minister of International Cooperation Rania Al-Mashat discussed with the World Bank Group’s (WBG) development policy financing team bringing forth a new round of the Country Partnership Framework (CPF) for Egypt, maintaining the momentum and building on the strong progress achieved over the course of the 2015-2019 CPF and the two-year extension that followed.

World - International
12/20/2021 2:26:05 PM
The new German government has chosen an experienced central banker and former board member of Germany's state-owned development bank to head the country's central bank, the finance minister said Monday.

World - Region
12/19/2021 7:22:54 PM
At least eight Palestinians were injured by Israeli gunfire Saturday as clashes broke out between Palestinian civilians and Israeli soldiers in the village of Burqa, north of the West Bank city of Nablus, WAFA reported.

Al-Ahram Weekly - World
12/18/2021 5:36:00 PM
Palestinian municipal elections took place in the West Bank last weekend, but they were boycotted in the Gaza Strip in a sign of continuing inter-Palestinian divisions.

World - Region
12/18/2021 2:08:42 PM
A Palestinian woman on Saturday stabbed an Israeli settler near a disputed holy site in Hebron in the southern occupied West Bank, wounding him slightly, a border guard spokesperson said.

World - Region
12/17/2021 5:50:36 PM
Jewish settlers burst into several villages in the occupied West Bank on Friday, smashing homes and cars and beating up at least two people, Palestinian officials said. The attacks came a day after Palestinian gunmen killed an Israeli man in a shooting ambush in the territory.

Business - 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.

World - Region
12/16/2021 8:58:37 PM
The Palestinian Health Ministry on Thursday said it has identified its first three cases of the omicron variant of the coronavirus in the occupied West Bank.

Business - Economy
12/16/2021 4:37:05 PM
The Turkish lira on Thursday hit fresh lows after the central bank fired the latest salvo in President Recep Tayyip Erdogan's "economic war of independence" by cutting interest rates for the fourth successive month.

Business - Economy
12/16/2021 2:10:41 PM
President Abdel-Fattah El-Sisi issued on Thursday resolution no.584 for 2021 to form a council that will coordinate efforts between the Central Bank of Egypt (CBE) and the government in terms of monetary and financial policies, according to the Official Gazette.

Egypt - Politics
12/15/2021 10:48:57 PM
Egypt has adopted several measures to combat illicit financial flows (IFFS) as part of the country's efforts to combat money laundering and the financing of terrorism, said Ahmed Khalil, head of the board of trustees of the Egyptian Unit for Combating Money Laundering and Terrorist Financing, which is affiliated with the Central Bank of Egypt.

Al-Ahram Weekly - Economy
12/14/2021 9:44:25 PM
The government hopes to attract more foreign investment through its next batch of initial public offerings, reports Nahla Abul-Ezz

Business - 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.

Business - Markets & Companies
12/14/2021 3:10:13 PM
HSBC Bank has launched a new fund called 'Forsa Fund' worth EGP 3 billion to support small and medium enterprises (SMEs) in Egypt, especially in the industrial and service sectors, the bank announced on Tuesday.

World - Region
12/13/2021 1:58:20 PM
The Turkish currency dipped to an all-time low Monday amid another anticipated interest rate cut later this week and after the S&P credit rating agency downgraded its outlook for Turkey.

World - Region
12/13/2021 10:11:39 AM
Israeli forces killed a Palestinian man during a clash in the northern occupied West Bank early Monday, security and medical sources said.

World - Region
12/11/2021 4:51:17 PM
Palestinians took part in rare municipal elections across the occupied West Bank on Saturday, following months of simmering anger towards their government and the cancellation of promised parliamentary and presidential elections earlier this year.

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