central bank

With economy faltering, Iran appoints two new heads of key agencies
Middle East

With economy faltering, Iran appoints two new heads of key agencies

(Reuters) – Iran’s cabinet appointed new heads at two of the government’s top economic institutions, as the country grapples with…
NBE, Banque Misr halt issuance of 17% savings certificates
Business

NBE, Banque Misr halt issuance of 17% savings certificates

Banque Misr and the National Bank of Egypt (NBE) stated they will be halting the issuance of savings certificates with fixed…
Egypt to host first FinTech conference this week to revolutionize economy
Economy

Egypt to host first FinTech conference this week to revolutionize economy

Aiming to endorse the use of financial technology applications in Egypt for efficient and cheaper financial services, Egypt is hosting the…
Bitcoin value continues to fall after several countries warn against it
Economy

Bitcoin value continues to fall after several countries warn against it

The electronic currency Bitcoin continued on Wednesday to fall, completing a 24-hour downward spiral, with about 7 percent of its…
Egypt’s central bank holds interest rates as expected
Economy

Egypt’s central bank holds interest rates as expected

Egypt’s central bank kept interest rates unchanged as expected on Thursday, concluding that further declines in inflation were needed to…
Egypt’s foreign reserves jump to $36.7 bln in October, highest in history
Economy

Egypt’s foreign reserves jump to $36.7 bln in October, highest in history

Egypt recorded its highest level of foreign reserves in its history, Egypt’s Central Bank announced on Sunday, climbing from $36.535 billion at…
Egypt’s foreign debt up 42 pct to $79 bln in 2016-17 -central bank
Economy

Egypt’s foreign debt up 42 pct to $79 bln in 2016-17 -central bank

Egypt’s foreign debt rose to $79 billion in the 2016-17 fiscal year which ended in June, up 42 percent from…
Egypt’s central bank did not order to halt Qatari riyal transactions: statement
Economy

Egypt’s central bank did not order to halt Qatari riyal transactions: statement

Egypt’s central bank said it has not ordered banks to halt transactions in Qatari riyals, after six Arab nations, including…
Lebanon renews Central Bank governor’s term amid turbulence
Middle East

Lebanon renews Central Bank governor’s term amid turbulence

The Lebanese government has reappointed Lebanon’s long-serving Central Bank governor for another six year term. The renewal of Riad Salameh’s…
Egypt on track to receive 2nd tranche of IMF loan
Egypt

Egypt on track to receive 2nd tranche of IMF loan

Egypt is on track to receive the second tranche of a US$12 billion three-year loan from the International Monetary Fund…
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