banks
Egypt’s central bank keeps key interest rates unchanged
Economy
May 27, 2019
Egypt’s central bank keeps key interest rates unchanged
CAIRO, May 23 (Reuters) – Egypt’s central bank on Thursday kept its key interest rates unchanged, in line with a…
US dollar maintains stable rates against Egyptian pound
Business
May 19, 2019
US dollar maintains stable rates against Egyptian pound
The US dollar maintained stable rates against the Egyptian pound on Sunday morning, with an average exchange rate of LE17.…
US dollar rate in Egypt declines
Economy
May 6, 2019
US dollar rate in Egypt declines
On Monday, the US dollar saw a two-piaster decline in Egypt’s banks. In Banque Misr and the National Bank of…
Trump sues banks in bid to block Congress subpoenas
World
April 30, 2019
Trump sues banks in bid to block Congress subpoenas
US President Donald Trump, along with his family and businesses, on Monday sued Deutsche Bank and Capital One in an…
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…
Egypt sets plan set to reduce public debt-to-GDP: Minister
Business
April 14, 2019
Egypt sets plan set to reduce public debt-to-GDP: Minister
Egypt’s Minister of Finance Mohammed Maait said that the government has been working on reducing the public debt-to-Growth Domestic Product…
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…
US dollar exchange rate continues to decline in Egypt
Business
March 20, 2019
US dollar exchange rate continues to decline in Egypt
The US dollar exchange rate continued its decline against the Egyptian pound on Wednesday morning for the third day in…
US dollar makes record decrease against Egyptian pound
Business
March 18, 2019
US dollar makes record decrease against Egyptian pound
The US dollar exchange rate witnessed a record decrease, the lowest in 2 years, on Monday against the Egyptian pound,…