Featured Egyptian banks’ balances abroad surge to $20bn at December-end Amwal Al Ghad English Jan 14, 2021 0 Balances and reserves held by Egyptian banks abroad leapt to more than $20 billion at the end of December 2020 from…
Money Egypt’s central bank eyes average inflation rate at 7% (±2%) in Q4 of 2022 mohamed Hamdy Dec 27, 2020 0 The Central Bank of Egypt (CBE) also adjusted its inflation target to a range of 7 percent (+/- 2 percent) by the…
Money CBE to review interest rates for last time in 2020 Thursday Amwal Al Ghad English Dec 24, 2020 0 The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is anticipated to convene Thursday for the…
Money CBE seen keeping interest rates unchanged in next meeting Amwal Al Ghad English Dec 20, 2020 0 The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) is expected to keep interest rates unchanged in…
Money Egypt’s current account deficit jumps in April-June Amwal Al Ghad English Dec 1, 2020 0 Egypt’s current account deficit mushroomed in the April-June quarter to $3.83 billion from $1.09 billion a year…
Money Egypt’s domestic liquidity rises to all-time high in September, CBE Ahmed Ali Nov 7, 2020 0 Egypt’s domestic liquidity continued to increase, registering a new record of $4.757 trillion in September, up by…
Money Net foreign assets in Egypt’s banking sector surged by 32% in September Amwal Al Ghad English Nov 5, 2020 0 Net foreign assets in Egypt’s banking sector surged by 32 percent during September, as foreigners continue to…
Money CBE extends tourism support initiative for another three months Amwal Al Ghad English Nov 4, 2020 0 The Central Bank of Egypt (CBE) extended its 3 billion Egyptian pounds initiative aimed at supporting tourism and…
Featured Remittances from Egyptian expats record $27.8bln by FY2019/20 end Ahmed Ali Oct 28, 2020 0 Remittances from Egyptian expatriates hiked 10.4 percent during the fiscal year of 2019/2020 to reach $27.8…
Money Financial position of Egyptian banks increases to EGP 6.5 trn in July – CBE Ahmed Ali Oct 21, 2020 0 The total financial position of banks operating in the Egyptian market, except for the Central Bank of Egypt (CBE),…