Central Bank of Egypt (CBE)
Fitch Ratings raises Egypt’s financial outlook to ‘positive’
Business
January 17, 2018
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
January 15, 2018
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
January 11, 2018
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
January 10, 2018
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
January 3, 2018
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
January 3, 2018
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
January 2, 2018
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
December 24, 2017
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
December 22, 2017
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
December 4, 2017
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…