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Business
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Economy
1/30/2024 6:40:05 PM
The UK-based multinational Standard Chartered Bank has officially commenced its banking operations in Egypt, following the receipt of final approval from the Central Bank of Egypt (CBE), according to a statement by the bank on Tuesday.
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Business
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Economy
1/30/2024 5:43:05 PM
Egypt's state-owned Banque Misr (BM) has issued a new debit card exclusively for US dollar accounts, named Visa Platinum, enabling account holders to make purchases inside or outside of Egypt with a monthly limit of $20,000, an informed source at the bank told Ahram Online (AO).
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Business
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Economy
1/28/2024 6:19:56 PM
The Central Bank of Egypt (CBE) is set to issue EGP 130 billion treasury bills (T-bills) on Tuesday with four different maturities between April 2024 and January 2025.
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Business
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Economy
1/22/2024 3:16:52 PM
The Central Bank of Egypt (CBE) licensed the building of a branch of the UK-based Standard Chartered Bank in Egypt, according to the Egyptian Gazette issue on Monday.
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Business
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Economy
1/21/2024 2:47:39 PM
The Central Bank of Egypt (CBE) has announced that all banks operating in the country will be closed on Thursday 25 January, on the occasion of the 25 January Revolution and Egyptian Police Day anniversary.
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Business
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Tech
1/21/2024 1:19:04 PM
The Central Bank of Egypt (CBE) has secured membership in the Organization of Islamic Cooperation's Computer Emergency Response Teams (OIC-CERT), according to a statement by the bank on Sunday.
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Business
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Economy
1/18/2024 10:25:07 PM
The Central Bank of Egypt (CBE) extended the instructions mandating banks to allocate 25 percent of their credit facilities portfolio to micro, small, and medium-sized enterprises (MSMEs) for one year starting 1 January 2024, according to a circular on Thursday.
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Business
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Economy
1/16/2024 2:57:30 PM
Foreign companies can now retain their capital increase deposit in foreign currency, rather than having it converted to Egyptian pound by the bank, allowing them to utilize it later for the procurement of production inputs.
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Business
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Economy
1/14/2024 8:17:07 PM
Egypt’s short-term external debt reached an all-time high at around $30.27 billion in the first quarter of the fiscal year (FY)2023/2024 – July/September – up from $28.15 billion in the previous quarter, according to data released on Sunday by the Central Bank of Egypt (CBE).
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Business
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Economy
1/10/2024 7:59:38 PM
Egypt's annual core inflation rate decelerated by 1.7 percent in December to 34.2 percent, down from 35.9 percent in November, according to the data released by the Central Bank of Egypt (CBE) on Wednesday.
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Business
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Economy
1/10/2024 2:00:22 PM
Egypt's annual headline inflation decelerated to 35.2 percent in December, down from 36.4 percent in November, the Central Agency for Public Mobilization and Statistics (CAPMAS) reported on Wednesday.
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Business
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Economy
1/9/2024 6:01:30 PM
The Central Bank of Egypt (CBE) has instructed all banks operating in the country to apply a minimum interest rate of 24 percent on loans, sources in the banking sector revealed to Ahram Online.
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Business
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Economy
1/9/2024 2:49:59 PM
The Central Bank of Egypt (CBE) auctioned EGP 130 billion treasury bills (T-bills) on Tuesday with four maturities between April 2024 and January 2025.
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Business
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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.
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Business
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Economy
1/7/2024 7:37:30 PM
Egypt’s non-oil trade deficit dropped 26.29 percent year-on-year (YoY) to $6.63 billion in the third quarter of 2023 from $8.99 billion in the same quarter a year earlier, according to data released by the Central Bank of Egypt (CBE).
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Business
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Economy
1/7/2024 6:52:01 PM
Egypt’s Suez Canal revenues jumped by around 19.4 percent to $2.4 billion in the third quarter of 2023 (July-September) compared to $2 billion in the corresponding quarter in 2022, according to data released by the Central Bank of Egypt (CBE).
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Business
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Economy
1/6/2024 7:05:33 PM
Egypt’s current account deficit decreased by 12.1 percent to $2.8 billion during the period between July and September 2023, compared to $3.2 billion a year prior, according to the data released by the Central Bank of Egypt (CBE) on Thursday.
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Business
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Economy
1/3/2024 2:45:12 PM
Egyptian banks will be closed on Sunday, 7 January, in celebration of Christmas for the Orthodox Church, according to a statement by the Central Bank of Egypt (CBE) on Wednesday.
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Business
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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.
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Al-Ahram Weekly
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Economy
1/2/2024 8:30:22 PM
Efforts to stem the parallel market for dollars are continuing, reports Niveen Wahish
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