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Al-Ahram Weekly
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Economy
9/2/2023 9:43:00 AM
The hike that the Central Bank of Egypt (CBE) applied to Egypt’s key interest rates last week could be a sign of further hikes up until the end of 2023 since three further meetings of the CBE’s Monetary Policy Committee (MPC), responsible for deciding on interest rates, have yet to be held.
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Business
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Economy
8/21/2023 6:23:26 PM
The due diligence for the acquisition of the United Bank is scheduled to start by the end of September 2023, according to a statement by the Central Bank of Egypt (CBE) on Monday.
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Business
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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).
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Business
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Markets & Companies
8/17/2023 7:23:23 PM
Misr Digital Innovation Company, a subsidiary of Egypt's Banque Misr, announced submitting the first application to obtain a licence to operate a digital bank in the country, according to a statement on Thursday.
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Business
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Economy
8/17/2023 5:48:23 PM
The Egyptian state-owned company E-Finance For Digital and Financial Investments is studying launching a digital bank, the company's chairman Ibrahim Sarhan announced in a bourse statement on Tuesday.
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Business
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Economy
8/15/2023 6:27:53 PM
The Central Bank of Egypt (CBE) auctioned EGP 86.25 billion ($2.8 billion) worth of treasury bills and bonds on Tuesday, according to the bank's website.
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Business
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Economy
8/14/2023 4:27:15 PM
The Central Bank of Egypt (CBE) auctioned €600 million ($656.29 million) worth of treasury bills on Monday, according to the bank's website.
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Business
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Economy
8/10/2023 5:35:29 PM
Egypt's annual core inflation rate recorded 40.7 percent in July 2023, a slight decrease from 41 percent in June, according to data released by the Central Bank of Egypt (CBE) on Thursday.
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Business
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Economy
8/10/2023 1:05:00 PM
Egypt’s headline annual inflation rate kept its upturn in July 2023 to hit a new record level, jumping to 38.2 percent, up from 14.6 percent recorded in the same month of 2022, the Central Agency for Public Mobilization and Statistics (CAPMAS) announced on Thursday.
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Business
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Economy
8/9/2023 9:49:27 PM
The Central Bank of Egypt and The London Institute of Banking & Finance (LIBF) signed a Memorandum of Understanding (MoU) to collaborate on talent development for the workers in the Egyptian financial sector, according to a press release on Wednesday.
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Business
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Economy
8/8/2023 4:23:07 PM
The Central Bank of Egypt (CBE) welcomed a delegation from the Bank of South Sudan for a visit, sharing regulatory expertise to help enhance South Sudan’s oversight and banking capacity, according to a statement on Tuesday.
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Business
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Economy
8/6/2023 6:57:49 PM
Egypt's net international reserves increased by $71.7 million during July 2023, according to data released by the Central Bank of Egypt (CBE).
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Egypt
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Politics
8/6/2023 4:09:23 PM
Egypt's President Abdel-Fattah El-Sisi directed the government on Sunday to exert maximum effort to mitigate the effects of the ongoing economic crisis on citizens and absorb inflationary pressures while continuing to implement structural reforms.
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Business
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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.
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Business
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Markets & Companies
8/3/2023 7:48:11 PM
The Egyptian Exchange (EGX) saw varied performance over the week that ended on Thursday, 3 August, as traders anticipate the interest rate decision by the Central Bank of Egypt (CBE), Mahmoud Atta, financial market analyst, told Ahram Online.
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Al-Ahram Weekly
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Egypt
8/2/2023 8:07:10 AM
The Central Bank of Egypt is likely to maintain interest rates at their current level at its meeting this week
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Business
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Economy
8/1/2023 6:48:00 PM
The deficit in Egypt's net foreign assets surged by over 125 percent on a yearly basis in June, according to data released by the Central Bank of Egypt (CBE) on Tuesday.
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Business
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Economy
8/1/2023 5:14:55 PM
From 1-15 August, customers will be able to open fee-free accounts at Egyptian banks with no minimum deposit required, in light of the Central Bank of Egypt’s (CBE) celebration of International Youth Day on 12 August.
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Business
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Markets & Companies
7/30/2023 7:22:23 PM
Cairo-based financial services company Banknbox announced the opening of its $10 million regional headquarters in Egypt to provide an integrated platform of banking solutions, electronic payments, smart transportation tech, and digital government payment solutions, among others, according to a press release on Sunday.
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Business
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Economy
7/30/2023 2:44:23 PM
The International Monetary Fund (IMF) is expected to conduct its first and second reviews of the Egyptian economy for the $3 billion four-year loan programme between September and December 2023, according to a recent report by the US-based investment bank, Morgan Stanley.
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