Central Bank of Egypt (CBE)

US dollar shatters historic records across Egypt’s banking sector
Egypt

US dollar shatters historic records across Egypt’s banking sector

The Egyptian banking sector witnessed a turbulent close to the trading week as the US Dollar surged to unprecedented heights…
CBE holds interest rates steady, citing inflation risks and ‘wait-and-see’ approach
Business

CBE holds interest rates steady, citing inflation risks and ‘wait-and-see’ approach

The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) met on Thursday, and decided to maintain key…
Public Prosecution hands over 265 kg of seized gold to CBE
Egypt

Public Prosecution hands over 265 kg of seized gold to CBE

The Public Prosecution in Egypt handed over 265 kg of seized gold to the Central Bank of Egypt (CBE) during…
US dollar approaches LE 47 Egyptian for selling in bank transactions
Business

US dollar approaches LE 47 Egyptian for selling in bank transactions

The dollar’s price against the Egyptian pound fell significantly at the start of trading on Monday, dropping by about nine…
Central Bank of Egypt offers treasury bills in euro, launches 1st sovereign bond in Egyptian pound
Egypt

Central Bank of Egypt offers treasury bills in euro, launches 1st sovereign bond in Egyptian pound

The Central Bank of Egypt (CBE) announced on Sunday that it will be issuing €600 million in euro-denominated treasury bills…
CBE’s Monetary Policy Committee to convene on November 20
Business

CBE’s Monetary Policy Committee to convene on November 20

The Central Bank of Egypt (CBE) will hold its highly anticipated meeting on Thursday, November 20th. This will be the…
CBE, Foreign Ministry launch ‘Open Your Account in Egypt’ for expats
Business

CBE, Foreign Ministry launch ‘Open Your Account in Egypt’ for expats

The Central Bank of Egypt (CBE) and the Ministry of Foreign Affairs, Immigration, and Egyptian Expatriates Affairs launched the “Open…
US dollar price in Egypt now returns to its true value: Economist 
Business

US dollar price in Egypt now returns to its true value: Economist 

Economist Sherif Awad explained on Friday that the Central Bank‘s one percent interest rate cut will have a positive impact…
Central Bank of Egypt cuts interest rates by 2%
Business

Central Bank of Egypt cuts interest rates by 2%

The Central Bank of Egypt (CBE) decided on Thursday evening to cut interest rates on deposits and lending by 2…
Egypt’s tourism revenues rise by 15.4%: CBE
Economy

Egypt’s tourism revenues rise by 15.4%: CBE

The Central Bank of Egypt (CBE) announced on Tuesday that tourism revenues rose by 15.4 percent to US$ 12.5 billion…
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