Central Bank of Egypt (CBE)
US dollar exchange rate in Egypt declines under LE16 mark
Business
December 17, 2019
US dollar exchange rate in Egypt declines under LE16 mark
The US dollar exchange rate made a new record decline against the Egyptian pound, falling below the LE16 mark for…
CBE announces LE50 billion support plan for Egypt’s tourism sector
Business
December 15, 2019
CBE announces LE50 billion support plan for Egypt’s tourism sector
The Central Bank of Egypt (CBE) announced on Sunday the largest financing plan to support the tourism industry, which includes…
Cabinet sets 5 conditions for granting Egyptian nationality to foreigners
Business
December 11, 2019
Cabinet sets 5 conditions for granting Egyptian nationality to foreigners
The Egyptian Cabinet approved on Tuesday a draft law to regulate granting Egyptian nationality, setting five conditions, according to the…
CBE demands government to put tax incentives for the industrial sector
Economy
December 8, 2019
CBE demands government to put tax incentives for the industrial sector
The Central Bank of Egypt (CBE) on Sunday urged the government to grant tax incentives to the industrial sector within…
CBE governor who led Egypt through worst currency crisis in 30 years to serve second term in office
Business
November 26, 2019
CBE governor who led Egypt through worst currency crisis in 30 years to serve second term in office
Egyptian President Abdel Fattah al-Sisi has renewed Tarek Amer’s term as governor of the Central Bank of Egypt (CBE), al-Borsa newspaper reported…
Egypt’s tourism sector witnesses notable jump in revenues
Business
November 15, 2019
Egypt’s tourism sector witnesses notable jump in revenues
An official source from The Central Bank of Egypt (CBE) said on Thursday that tourism sector revenues have increased by…
US dollar rates decline against Egyptian pound
Business
October 22, 2019
US dollar rates decline against Egyptian pound
US dollar exchange rates declined against the Egyptian pound on Tuesday morning compared to Sunday’s prices, at an average of…
Egypt’s tourism revenues reach US$12.6 bn during 2018-2019 fiscal year
Business
October 2, 2019
Egypt’s tourism revenues reach US$12.6 bn during 2018-2019 fiscal year
Egyptian tourism revenues reached US$12.57 billion, compared to $9.80 billion during the 2017-2018 fiscal year, the privately-owned al-Mal newspaper reported…
CBE cuts interest rates by 100 basis points
Business
September 27, 2019
CBE cuts interest rates by 100 basis points
The Central Bank of Egypt (CBE)’s Monetary Policy Committee decided on Thursday to cut interest rates by 100 basis points,…
US dollar prices decrease in Egyptian banks
Business
September 5, 2019
US dollar prices decrease in Egyptian banks
US dollar prices have decreased in Egyptian banks to between LE16.46 and LE16.50 for purchase and between LE16.56 and LE16.60…