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Business
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Economy
11/13/2023 1:42:42 PM
Kuwait has prolonged the tenor of a $4 billion deposit at the Central Bank of Egypt (CBE) to support the country’s international reserves, according to data released by the bank.
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Business
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Economy
11/5/2023 5:36:57 PM
The Central Bank of Egypt (CBE) revealed a slight uptick in international reserves, climbing to $35.1 billion in October from $34.97 billion in September, according to data released on Sunday.
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Business
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Economy
11/1/2023 5:09:44 PM
The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) is scheduled to hold its penultimate meeting for 2023 on Thursday to review key interest rates amid the latest economic developments on the local and global fronts.
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Business
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Economy
10/10/2023 4:03:45 PM
The Central Bank of Egypt (CBE) is expected to reach an agreement with the International Monetary Fund (IMF) in early 2024 to peg the pound to a basket of international currencies and gold, according to Fakhry El-Fiqi, head of the Planning and Budget Committee in the House of Representatives.
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Business
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Economy
10/8/2023 9:47:52 PM
The Central Bank of Egypt (CBE) has accepted EGP 43.05 billion in bids for two issuances on T-bills offered on Sunday.
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Business
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Economy
9/25/2023 2:07:24 PM
The Central Bank of Egypt (CBE) has received two awards for financial inclusion and the economic empowerment of citizens and companies by the Alliance for Financial Inclusion (AFI), according to a statement on Monday.
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Business
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Economy
9/21/2023 9:20:18 PM
The Central Bank of Egypt (CBE) decided to maintain interest rates at current levels during its meeting on Thursday.
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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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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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Economy
5/27/2023 5:00:56 PM
Governor of the Central Bank of Egypt (CBE) Hassan Abdallah urged on Friday the African Development Bank (AfDB) to increase its lending to member states on concessional terms.
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Business
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Economy
5/17/2023 11:17:52 PM
The Central Bank of Egypt (CBE) has hired the UK's Barclays Corporate and Investment Bank (Barclays CIB) as the international financial adviser for the sale of its 99 percent stake in the state-owned United Bank, according to a statement by the CBE on Wednesday.
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Business
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Economy
4/4/2023 12:10:38 AM
Prices of gold in Egypt dropped by around 3.18 percent on Monday after new high-yield certificates of deposit (CDs) issued by the National Bank of Egypt (NBE) and Banque Misr collected EGP 67 billion ($2.16 billion) in proceeds on the first day of issuance.
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Business
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Economy
2/1/2023 2:12:56 PM
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is scheduled to convene on Thursday, the first meeting in 2023, to review the key interest rates in light of the recent updates in the country’s macroeconomy.
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Business
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Economy
1/30/2023 12:25:01 PM
Egypt's Ministry of Agriculture and Land Reclamation, in cooperation with the Central Bank of Egypt (CBE), has secured over the past week the release from ports of 135,000 tons of corn and soy fodder with an estimated value of $91 million.
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Opinion
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Opinion
1/11/2023 4:25:00 PM
There is no doubt that the Egyptian economy is going through some challenging times.
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Business
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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.
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Business
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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.
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Al-Ahram Weekly
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Egypt
11/8/2022 10:50:01 PM
The Central Bank of Egypt is gradually meeting demands by the country’s importers for more hard currency, reports Safeya Mounir
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Business
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Economy
8/13/2022 4:10:37 PM
The foreign exchange gap in Egypt is closing, as the dollar gap decreased from $3.9 billion last February to $400 million in July thanks to the decisions of the Central Bank of Egypt (CBE) to regulate imports, said First Deputy Governor of the CBE Gamal Negm.
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Business
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Economy
8/4/2022 10:22:33 PM
Egypt enjoyed a significant increase in revenue from tourism and transport receipts as well as a modest increase from workers’ remittances through the third quarter of the previous fiscal year, according to data released by the Central Bank of Egypt (CBE) on Thursday.
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