Banks Egypt’s domestic liquidity surges to EGP 7.737 in January mohamed Hamdy Mar 1, 2023 0 Egypt’s domestic liquidity increased by 335 billion Egyptian pounds to reach 7.737 trillion pounds ($252,6 million)…
Money Egypt’s central bank records its first profit since 2016 pound float Fatma Nashaat Feb 28, 2023 0 Egypt’s central bank (CBE) made a profit in December for the first time since the devaluation of the local pound…
Money Egypt’s Sharm El-Sheikh braces for African Development Bank’s annual meetings 2023 Yomna Yasser Feb 9, 2023 0 After successfully hosting COP27 in November 2022, the Egyptian resort city of Sharm El-Sheikh is getting ready for…
Money BREAKING: Egypt’s central bank keeps rates unchanged at 2023 first meeting Yomna Yasser Feb 2, 2023 0 Egypt’s central bank has hiked its key interest rates by 150 basis points on Thursday as it keeps battling…
Money Foreign investors pour $925 million into Egypt since January 11: central bank Yomna Yasser Jan 15, 2023 0 Foreign investors have transferred more than $925 million into the Egyptian foreign exchange market in the three…
Banks CBE launches 1st Digital Academy to develop workers’ skills in banking sector Nada Ali Jan 11, 2023 0 FinTech Egypt initiative powered by Central Bank of Egypt (CBE) has released the first Digital Academy, to become…
Money Egypt’s pound hits EGP 29.76 against dollar at closing Yomna Yasser Jan 11, 2023 0 Egypt’s pound currency has recorded EGP 29.76 against the U.S. dollar during the closing trade at banks on…
Money IMF: Egypt’s central bank may warrant additional policy tightening to curb inflation Yomna Yasser Jan 10, 2023 0 Egypt’s central bank (CBE) may warrant additional monetary policy tightening as persistent inflationary pressures…
Money Bahraini Bank ABC finalises acquisition of Blom Bank’s unit in Egypt Nada Ali Jan 5, 2023 0 The Arab Banking Corporation (Bank ABC) has announced on Wednesday its compilation of the legal merger of its two…
Money Egypt’s net foreign reserves surge to $34.002 billion in December Yomna Yasser Jan 3, 2023 0 Egypt’s net foreign reserves surged to $34.002 billion at the end of December from $33.532 billion at the end of…