Business
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Economy
8/24/2020 2:55:00 PM
On Sunday, the CBE offered T-bills in Egyptian pounds, on behalf of the finance ministry, worth EGP 20.5 billion over two terms to provide finances for the same purpose
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Business
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Economy
8/23/2020 1:20:52 PM
The state’s budget deficit was widened under the pressure of the COVID-19 crisis to 6.5 percent of GDP in FY2019/2020 up from 6.2 percent in FY2018/2019
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Business
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Economy
8/13/2020 8:40:00 PM
Rates were last cut in March, in the wake of the coronavirus crisis
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Business
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Economy
8/12/2020 10:02:52 PM
To contain the COVID-19 repercussions on the Egyptian economy, the CBE adopted a package of procedures that included slashing key interest rates in March by three percent
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Business
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Economy
8/6/2020 7:36:39 PM
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Business
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Economy
6/30/2020 5:34:56 PM
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Business
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Economy
6/28/2020 3:21:18 PM
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Business
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Economy
6/25/2020 6:55:00 PM
The CBE reported the lowest core inflation ever, coupled, nonetheless, with a contraction in GDP and higher unemployment rates
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Business
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Economy
6/25/2020 12:28:42 PM
Head of research at EFG Hermes Ahmed Shams El-Din told Ahram Online that the CBE is anticipated to maintain the current rates as the headline inflation rate is in the range the CBE has set at nine percent
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Business
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Economy
6/21/2020 10:36:54 PM
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Business
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Economy
6/19/2020 3:00:10 PM
The central bank has also approved a EGP 3 billion credit guarantee that will back loans to the tourism sector
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Business
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Economy
6/15/2020 1:28:15 PM
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Egypt
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Politics
6/10/2020 7:05:20 PM
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Business
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Economy
6/9/2020 3:16:35 PM
Since March, Egypt has seen a decline in its NIRs amid the COVID-19 crisis and its implications, which have forced foreign investors to sell their T-bills and bonds
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Business
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Economy
5/19/2020 2:36:00 PM
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Business
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Economy
5/14/2020 4:49:38 PM
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Business
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Economy
5/14/2020 1:43:00 PM
The move is part of efforts to support vital sectors of Egypt's economy amid the global coronavirus crisis
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Business
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Economy
5/10/2020 2:54:47 PM
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Business
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Economy
5/5/2020 4:57:11 PM
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Business
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Economy
4/22/2020 1:00:00 PM
The new daily limit for withdrawals is EGP 20,000 from ATMs and EGP 50,000 from banks
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