banks
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,…
Egypt has undergone “difficult surgery” for economic reform: Finance Minister
Business
March 11, 2019
Egypt has undergone “difficult surgery” for economic reform: Finance Minister
The state has undergone a very difficult surgery to conduct it’s economic reform, leading to success in all sectors, Finance…
Central Bank of Egypt bans circulation of banknotes with phrases
Economy
March 4, 2019
Central Bank of Egypt bans circulation of banknotes with phrases
The Central Bank of Egypt (CBE) announced on Monday it would ban the circulation of any banknotes bearing textual phrases,…
Central Bank of Egypt reduces deposit, lending rates by 1 percent
Economy
February 17, 2019
Central Bank of Egypt reduces deposit, lending rates by 1 percent
The Central Bank of Egypt (CBE) on Thursday unexpectedly reduced the deposit rate, overnight lending rate, and the rate of main…