Business
CBE raises required reserve ratio from 14% to 18%
September 25, 2022
CBE raises required reserve ratio from 14% to 18%
The Central Bank of Egypt decided on Saturday to raise the required reserve ratio in banks from 14 percent to…
CBE withdraws LE100 billion of liquidity for 6th time in a month
September 21, 2022
CBE withdraws LE100 billion of liquidity for 6th time in a month
Liquidity worth LE100 billion has been withdrawn by the Central Bank of Egypt (CBE) for the sixth time in about…
US dollar price stabilizes on Wednesday
September 21, 2022
US dollar price stabilizes on Wednesday
The price of the US dollar stabilized on Wednesday, along with the price of the Saudi riyal, the Emirati dirham,…
Egyptian Federation of Industries official calls for exempting delayed shipments of fines
September 21, 2022
Egyptian Federation of Industries official calls for exempting delayed shipments of fines
A Member of the Board of Directors of the Federation of Industries, Kamal al-Desouky, demanded that the lingering shipments at…
Why will Egypt mint LE2 coins?
September 16, 2022
Why will Egypt mint LE2 coins?
The government aims to localize the metal industries with the latest international expertise to transform Egypt into a regional hub…
US dollar price sees significant rise Thursday
September 15, 2022
US dollar price sees significant rise Thursday
The price of the US dollar, on Thursday, September 15, 2022, recorded a significant rise in the Central Bank of…
Egypt’s cabinet approves issuance of LE2 coin
September 14, 2022
Egypt’s cabinet approves issuance of LE2 coin
The Cabinet, during its weekly meeting on Wednesday initially approved a proposal to conclude a partnership agreement between the Public…
US dollar price stabilizes in Egypt on Wednesday
September 14, 2022
US dollar price stabilizes in Egypt on Wednesday
The US dollar exchange rates stabilized in Egyptian banks on Wednesday, September 14, 2022, against the Egyptian pound. Suez…
CBE warns against cryptocurrency dealings in Egypt
September 13, 2022
CBE warns against cryptocurrency dealings in Egypt
The Central Bank of Egypt (CBE) is following up the phenomenon of cryptocurrency trading through some regional and international platforms,…
Egypt sees US$3.75 billion trade balance deficit during June 2022: CAPMAS
September 13, 2022
Egypt sees US$3.75 billion trade balance deficit during June 2022: CAPMAS
The Central Agency for Public Mobilization and Statistics announced a decrease in the value of the trade balance deficit to…