Search Result
"CBE"

887 results

Business - Economy
1/5/2023 4:27:10 PM
The Egyptian pound continues to fall against the US dollar to trade at over EGP 27 for the dollar at the end of this week's transaction.

Business - Economy
1/3/2023 11:11:39 PM
Egypt's net international reserves (NIRs) rose by $470 million to hit nearly $34 billion in December 2022, compared to $33.5 billion in November, the Central Bank of Egypt (CBE) announced on Tuesday.

Egypt - Society
1/2/2023 10:58:00 PM
In London, Egyptian post-graduate student Abdullah Hassan – not his real name – was making the final plans to replace his dying laptop with a new one to benefit from the sale offers at the holiday season. Hassan’s plans were dashed when, on 22 December, he received a message from the Central Bank of Egypt (CBE) announcing limits on overseas cash withdrawals in foreign currency.

Business - Economy
12/29/2022 10:00:00 PM
The Central Bank of Egypt (CBE) annonced in a statement on Thursday that it has ended the use of the system requiring importers to obtain letters of credit (LCs) for their purchases and returned to the cash-against-documents system for importing goods.

Business - Economy
12/25/2022 11:37:07 PM
The Central Bank of Egypt (CBE) has ordered banks to remove the recently-announced limits on overseas cash withdrawals in foreign currency for expats who need the cash for medical treatment or education.

Business - Economy
12/25/2022 8:26:43 PM
Egypt’s Prime Minister Mostafa Madbouly ordered on Sunday the formulation of a plan to release goods stuck at the country’s ports, especially food products, the Cabinet said in a statement.

Business - Tech
12/25/2022 4:23:17 PM
The Central Bank of Egypt (CBE) has announced new incentives to support the country’s digital transformation, including cashless transaction adoption, set to last from 1 January – 31 December 2023.

Business - Economy
12/25/2022 1:30:33 PM
The Central Bank of Egypt (CBE) has extended two initiatives supporting companies working in the tourism sector that were initially set to expire at the end of the year through March 2023, the bank announced on Sunday.

Business - Economy
12/22/2022 10:46:04 PM
The Central Bank of Egypt (CBE) has set new measures meant to ban the fraudulent and abusive use of credit and debit cards outside the country.

Business - Economy
12/22/2022 9:10:00 PM
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) has raised on Thursday the interest rates by three percent (300 bps), thus exceeding expectations.


Business - Economy
12/22/2022 2:44:56 PM
Egyptian Banking Institute (EBI), the official training arm of the Central Bank of Egypt, announced on Wednesday the launch of its online platform “Financial Literacy Hub” during a ceremony held in the presence of the heads of the financial inclusion and social responsibility departments in the Egyptian Banking sector.

Business - Economy
12/22/2022 12:53:00 PM
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is set to hold its final meeting for 2022 on Thursday to review the key interest rates in light of the latest updates in the local and global economic scene, particularly the accelerating inflation rates.

Business - Economy
12/20/2022 5:10:27 PM
The Central Bank of Egypt (CBE) sent on Sunday a circular to the banks that includes new measures meant to control the proceeds of gold exports from the local market.

Business - Economy
12/18/2022 5:22:16 PM
The exchange rate of the US dollar against the Egyptian pound was stable at the close of transactions Sunday at Egypt's major banks, the first working day after the International Monetary Fund (IMF) approved Egypt’s $3 billion new economic reform programme.

Business - Economy
12/15/2022 5:00:00 PM
The Central Bank of Egypt (CBE) extended on Thursday for one year - from 31 December 2022 to the end of December 2023 - the deadline for banks that have not yet increased their credit facilities portfolio to companies and micro, small and medium-sized enterprises (SMEs) to 25 percent.

Business - Economy
12/9/2022 10:18:04 AM
The annual core inflation rate recorded 21.5 percent in November 2022, compared to 19 percent in October 2022, the Central Bank of Egypt (CBE) said in a statement on Thursday.

Business - Economy
12/8/2022 7:30:40 PM
New amendments to the 2020's Unified Tax Procedures Law will not allow the Egyptian Tax Authority to obtain secret information about the personal banking accounts of ordinary citizens, confirmed the Central Bank of Egypt (CBE).

Business - Markets & Companies
12/6/2022 8:30:25 PM
Gold prices continue to rise in the Egyptian market, reaching on Tuesday the record level of EGP 1,630 per gram for 21-karat gold.

Business - Economy
12/6/2022 1:32:00 PM
The International Monetary Fund (IMF) has scheduled its meeting for Egypt’s new loan on 16 December, according to the fund’s online executive board meetings calendar.

Business - Economy
11/30/2022 12:36:44 PM
The Central Bank of Egypt (CBE) has called off its low-interest initiatives for the private sector in the industry, agriculture, and construction fields, said CBE Deputy Governor Gamal Negm on Tuesday.

Prev 1 2 3 4 5 6 7 8 9 10 Next >> Last