Egyptian banks
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…
US dollar exchange rate stable, hovering around LE18
Egypt
May 7, 2017
US dollar exchange rate stable, hovering around LE18
After a week of unstable prices, the US dollar exchange rate was stable during Sunday morning trading.According the latest updates, the…
US dollar at LE18.10 in Egypt banks
Business
March 22, 2017
US dollar at LE18.10 in Egypt banks
The US dollar exchange rate remained stable in banks on Wednesday, but still above LE18.The website of the National Bank…
CBE solves dollar crisis for companies with short position at US$5 mn
Egypt
February 21, 2017
CBE solves dollar crisis for companies with short position at US$5 mn
Central Bank of Egypt governor (CBE) Tarek Amer approved an agreement with investors to restructure their debts owed to banks…
4 factors to decide future of the pound in short term: Pharos
Business
February 20, 2017
4 factors to decide future of the pound in short term: Pharos
Pharos Holding Investment Bank projected four factors to decide the future of the Egyptian pound exchange rate against the US…
Hermes projects US dollar’s exchange rate at LE14.5 pounds in few weeks
Business
February 20, 2017
Hermes projects US dollar’s exchange rate at LE14.5 pounds in few weeks
EFG-Hermes on Sunday projected the US dollar exchange rate to further decline to LE14.5 over the next few weeks. Ahmed Shams…
US dollar drops to new low of LE15.8 in Egypt’s banks
Egypt
February 19, 2017
US dollar drops to new low of LE15.8 in Egypt’s banks
The US dollar exchange rate continued its decline in banks on Sunday; the lowest rate found in banks was LE15.80…
US dollar at LE17.65 in Egypt banks
Egypt
February 12, 2017
US dollar at LE17.65 in Egypt banks
The US dollar exchange rate continued to decline in banks on Sunday; the lowest rate found in banks was LE17.65…
US dollar exchange rate declines slightly
Business
February 8, 2017
US dollar exchange rate declines slightly
The US dollar exchange rate declined slightly in banks on Wednesday; the lowest rate found in banks was LE18.15 to…
Inflows into Egypt banks register $9 bn since pound flotation: Central Bank official
Business
February 1, 2017
Inflows into Egypt banks register $9 bn since pound flotation: Central Bank official
Total inflows into the Egyptian banking system have reached $9 billion since the Egyptian pound was floated in November, assistant…