Central Bank of Egypt (CBE)
Billionaire Naguib Sawiris says dreams of owning bank in Egypt
Business
November 8, 2017
Billionaire Naguib Sawiris says dreams of owning bank in Egypt
Egyptian billionaire businessman Naguib Sawiris said Tuesday that he wants to open a private bank in Egypt. “If the Governor of…
World Bank transfers $125 mn to CBE for Upper Egypt development
Economy
October 17, 2017
World Bank transfers $125 mn to CBE for Upper Egypt development
The Ministry of Planning, Follow-up and Administrative Reform said that the World Bank (WB) transferred $125 million to Central Bank…
Egypt’s foreign reserves rise to $36.5 bn in September: CBE
Business
October 2, 2017
Egypt’s foreign reserves rise to $36.5 bn in September: CBE
Egypt’s foreign reserves increased to $US36.534 billion in September from $36.143 in August, rising by $391 million, the Central Bank…
Sisi reviews latest economic, heath, security issues in top-level meeting
Egypt
August 8, 2017
Sisi reviews latest economic, heath, security issues in top-level meeting
President Abdel Fattah al-Sisi held a presidential meeting on Monday with Prime Minster Sherif Ismail to examine recent economic developments, affairs…
32.5% increase in Egypt’s foreign debt: CBE
Egypt
August 1, 2017
32.5% increase in Egypt’s foreign debt: CBE
The Central Bank of Egypt (CBE) said that Egypt’s gross foreign debt surged by 32.5 percent ($18.1 billion) in the third…
Central Bank of Egypt considers additional hikes in key interest rates
Business
July 3, 2017
Central Bank of Egypt considers additional hikes in key interest rates
The government is considering a new hike in key deposit and lending rates; the issue will be discussed by the…
Domestic public debt rises to LE3 trillion: CBE
Business
June 8, 2017
Domestic public debt rises to LE3 trillion: CBE
The total domestic public debt has risen to LE3.079 trillion in the period from July to March of the fiscal year…
Banking system received $1 bln in 2 days, after central bank raised key interest rates
Business
May 29, 2017
Banking system received $1 bln in 2 days, after central bank raised key interest rates
Governor of the Central Bank of Egypt Tarek Amer said Monday that the banking system received around $1 billion since…
CBE takes measures to protect Egypt’s banks against ransomware
Egypt
May 17, 2017
CBE takes measures to protect Egypt’s banks against ransomware
The Central Bank of Egypt (CBE) issued instructions to banks operating in the local market to take precautionary measures to…
Egypt’s external debt rises by 40.8%
Business
April 4, 2017
Egypt’s external debt rises by 40.8%
Egypt's total external debt rose by 40.8 percent year-on-year in the first half of the fiscal year 2016-2017, while domestic…