Central Bank of Egypt (CBE)
Central Bank of Egypt to increase capital to LE20 bn
Business
May 19, 2019
Central Bank of Egypt to increase capital to LE20 bn
The Central Bank of Egypt (CBE) will raise its capital to LE20 billion following the adoption of the new bill…
Egypt injects LE70 million for facing illegal immigration
Business
May 9, 2019
Egypt injects LE70 million for facing illegal immigration
A delegate of the Medium, Small, and Micro Enterprises Development Authority (MSMEDA) said on Wednesday that the government injected LE70…
US Dollar exchange rate in Egypt declines further
Business
May 8, 2019
US Dollar exchange rate in Egypt declines further
US dollar prices slightly declined against the Egyptian pound in several banks on Sunday. According to the last update prices…
Egypt’s foreign currency reserves increase to US$44.218 bn: CBE
Business
May 6, 2019
Egypt’s foreign currency reserves increase to US$44.218 bn: CBE
The Central Bank of Egypt (CBE) announced that the country’s foreign currency reserves increased to US$44.218 billion at the end…
US investment fund to buy Egypt’s United Bank: CBE
Business
April 29, 2019
US investment fund to buy Egypt’s United Bank: CBE
Governor of Central Bank of Egypt (CBE) Tarek Amer announced on Monday that a US investment fund would buy the…
Egypt to sell stake in Banque du Caire by end of year: CBE Governor
Business
April 16, 2019
Egypt to sell stake in Banque du Caire by end of year: CBE Governor
Central Bank of Egypt Governor Tarek Amer officially revealed plans to sell a stake in Banque du Caire, one of…
CBE receives requests from major international banks to operate in Egypt
Business
March 30, 2019
CBE receives requests from major international banks to operate in Egypt
The Central Bank of Egypt (CBE) has received requests from major international banks recently for new licenses to operate in…
CBE Governor expects fifth installment of IMF loan by the end of January
Business
January 23, 2019
CBE Governor expects fifth installment of IMF loan by the end of January
Governor of the Central Bank of Egypt (CBE) Tariq Amer said that Egypt expects to receive its fifth IMF…
Sisi discusses developments of Egypt’s monetary reform program
Economy
December 30, 2018
Sisi discusses developments of Egypt’s monetary reform program
Egyptian President Abdel Fattah al-Sisi on Sunday discussed the monetary reform program with Prime Minister Mostafa Madbouly and Governor…
Inflation rate anticipated to decline to 9% in 2018: CBE
Economy
December 30, 2018
Inflation rate anticipated to decline to 9% in 2018: CBE
The Central Bank of Egypt (CBE) announced in a Saturday statement that they anticipate the inflation rate would decline…