Central Bank of Egypt (CBE)

Egypt paid US$ 13.3 billion in interest and installments in 3 months: CBE
Business

Egypt paid US$ 13.3 billion in interest and installments in 3 months: CBE

The Central Bank of Egypt (CBE) announced that Egypt has paid approximately US$13.354 billion in interest and installments on its…
Egypt’s inflation surges at fastest pace this year in May
Business

Egypt’s inflation surges at fastest pace this year in May

Egypt’s urban inflation rate saw its fastest acceleration of the year in May, reaching 16.8 percent year-on-year, up from 13.9…
Central Bank of Egypt cuts key interest rates
Business

Central Bank of Egypt cuts key interest rates

The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE), at the conclusion of its meeting this Thursday,…
Egypt sees unprecedented, historical leap in expat remittances: CBE
Economy

Egypt sees unprecedented, historical leap in expat remittances: CBE

The Central Bank of Egypt (CBE) announced that remittances from Egyptians working abroad has seen a unprecedented and historic leap…
Egypt’s foreign reserves rise to US$48.144 billion by the end of April: CBE
Business

Egypt’s foreign reserves rise to US$48.144 billion by the end of April: CBE

The Central Bank of Egypt (CBE) announced that the country’s net foreign exchange reserves rose to approximately US$48.144 billion by…
Will the US dollar rise after the CBE cut interest rates?
Business

Will the US dollar rise after the CBE cut interest rates?

Economic expert Mohamed Fouad revealed the impact of the Central Bank of Egypt‘s (CBE) recent decision to reduce interest rates…
Central Bank of Egypt to cut interest rates, expert says
Business

Central Bank of Egypt to cut interest rates, expert says

Banking expert Tarek Metwally anticipates the Central Bank of Egypt (CBE) to cut interest rates by 200 basis points (equivalent…
Central Bank of Egypt announces increase in net foreign assets
Business

Central Bank of Egypt announces increase in net foreign assets

The net foreign assets of the Egyptian banking system jumped by approximately US$1.5 billion during February, reaching $10.17 billion, compared…
InstaPay updates fees and tariffs for money transfers
Egypt

InstaPay updates fees and tariffs for money transfers

The instant payment network, InstaPay Egypt, has released a new update to its fees and tariffs. InstaPay is a modern…
CBE may cut interest rates by 6% in next 2 meetings: J.P. Morgan
Economy

CBE may cut interest rates by 6% in next 2 meetings: J.P. Morgan

American multinational financial firm J.P. Morgan anticipates interest rates in Egypt to be cut by six percent during the Central…
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