Egypt’s High Foreign Debt Not Worrisome, Danger In Local Borrowing: Ramez
The Governor of the Central Bank of Egypt (CBE) Hisham Ramez affirmed that the increase in the value of Egypt’s…
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Egypt’s Planning: No Negotiations On Increasing IMF’s Loan To $5.6 bln
Dr Ashraf Al Araby, Egyptian Minister of Planning and International Cooperation, confirmed that the Egyptian…
Egypt’s Central Bank Offers US$ 40 Mln At Wednesday’s FX Auction
The Central Bank of Egypt (CBE) offers US$ 40 million to local banks on Wednesday at its 51st FX auction and the…
Egypt In Talks To Secure US$ 3 Bln Qatari Loan At 7% Interest Rate
The Egyptian Minister of Planning and International Cooperation, Dr. Ashraf Al Araby, announced that the Egyptian…
Banks’ Investments In T-Bills Fell EGP 4.1 Bln At End-Jan: CBE
The Egyptian banking sector’s investments in treasury bills dropped 1.5% (EGP 4.1 billion) to reach EGP 257.07…
Banks’ Securities Portfolios Drop EGP 6.2 Bln For 1st Time In 2 Years
The securities portfolio held by local banks registered a retreat of 1% (EGP 6.256 billion) for the first time in…
US Dollar Rises Against Egypt Pound, Hits EGP 6.94 In Banks
The US dollar’s exchange rate in banks against the Egyptian pound rose by one piaster and half on Monday to EGP…
CBE’s Governor Announces Re-launch Of Bancassurance In May
No intention to privatize banks in the near future The Central Bank of Egypt (CBE) has set the required regulations…
CBE Offers US$ 40 Mln To Local Banks At Monday’s FX Auction
The Central Bank of Egypt (CBE) offers US$ 40 million to local banks at the first FX auction in this week and the…
Egypt Sees IMF Loan Deal In May: Hisham Ramez
The International Monetary Fund (IMF) is really concerned to support Egypt, the IMF chief Christine Lagarde…