Central Bank of Egypt (CBE)

Fitch Ratings raises Egypt’s financial outlook to ‘positive’
Business

Fitch Ratings raises Egypt’s financial outlook to ‘positive’

Fitch Ratings Inc., one of the three biggest credit rating agencies in the world, raised Egypt’s long-term Foreign-Currency Issuer Default…
Meet Rania Mashat, Egypt’s first female Tourism Minister, set to revolutionize the industry
Egypt

Meet Rania Mashat, Egypt’s first female Tourism Minister, set to revolutionize the industry

Prime Minister Sherif Ismail’s latest cabinet changes took a step towards female empowerment, with two of the four newly-appointed ministers…
Annual inflation rate declines by 0.2%, lowest since November 2015: CAPMAS
Egypt

Annual inflation rate declines by 0.2%, lowest since November 2015: CAPMAS

The Central Agency for Public Mobilization and Statistics (CAPMAS) stated on Wednesday that the annual inflation rate declined by 0.2…
CBE warns against Bitcoin transactions
Egypt

CBE warns against Bitcoin transactions

The Central Bank of Egypt (CBE) warned against using virtual currencies, namely Bitcoin, due to the high risks involved, describing…
Foreign currency reserves rose to record-high $37.19 bn in December 2017: CBE
Economy

Foreign currency reserves rose to record-high $37.19 bn in December 2017: CBE

Egypt’s net foreign currency reserves climbed to an all-time high of $37.19 billion in December 2017, the Central Bank of Egypt (CBE)…
Egypt paid $30bn in loans in 2017: CBE
Economy

Egypt paid $30bn in loans in 2017: CBE

Sources in the Central Bank of Egypt (CBE) announced on Wenesday that Egypt paid $US30 billion to foreign bodies in…
Egypt’s central bank keeps interest rates unchanged
Economy

Egypt’s central bank keeps interest rates unchanged

Egypt’s central bank kept its key interest rates unchanged on Thursday as inflation remained in double digits a year after…
Third IMF loan installment will bridge funding gap: CBE source
Economy

Third IMF loan installment will bridge funding gap: CBE source

The third tranche of the International Monetary Fund (IMF) loan worth $2 billion will be used to support the state…
Egypt to receive third IMF loan installment within days: CBE source
Egypt

Egypt to receive third IMF loan installment within days: CBE source

A high-level source at the Central Bank of Egypt (CBE) said on Thursday that Egypt will receive the third installment…
CBE: foreign reserves rise by $20 million in November
Business

CBE: foreign reserves rise by $20 million in November

The Central Bank of Egypt (CBE) said that the country’s net foreign currency reserves rose by $20 million at the…
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