Money Central bank says Egyptians withdrew EGP 9 billion from ATMs during Eid Amwal Al Ghad English May 26, 2020 0 Egyptians have withdrawn around 9 billion Egyptian pounds ($567.4 million) from ATMs nationwide during the Eid…
Money Economist Mohamed El-Erian lauds CBE initiatives to contain COVID-19 economic fallout aya salah May 26, 2020 0 As the coronavirus pandemic takes hold, this is not the time to give too much focus on budget deficits and…
Banks Banks operating in Egypt financial position increase during February Ahmed Ali May 9, 2020 0 The total financial position of banks operating in Egypt increased to 5.985 trillion Egyptian pounds at the end of…
Money Egypt banks have EGP 4 trillion worth of ‘not fully utilised’ deposits, savings – official Amwal Al Ghad English May 6, 2020 0 Egyptian banking sector has a total of 4 trillion Egyptian pounds ($253.9 billion) in deposits and savings, which…
Banks CBE cuts interest on soft loans for tourism industry to 5% Amwal Al Ghad English May 2, 2020 0 The central bank of Egypt had extended its 50 billion Egyptian pounds tourism support initiative to provide soft…
Featured Egyptian banking sector’s net profits reach $4bln during 2019 Amwal Al Ghad English Apr 22, 2020 0 Banks operating in the Egyptian market achieved net profits of 83 billion Egyptian pound ($ 4 billion) by the end…
Money CBE announces regulations for paying postponed debts Ahmed Ali Apr 16, 2020 0 The Central Bank of Egypt (CBE) announced a new mechanism to collect the proceeds on debts an loans during the…
Featured Egyptian remittances expats reach $5.2 in January, February Ahmed Ali Apr 16, 2020 0 Remittances from Egyptian expatriates jumped 33.6 percent or $1.3 billion during the first two months of 2020 to…
Featured CBE deletes sales cap on EGP 100bn industry support initiative Amwal Al Ghad English Apr 5, 2020 0 Central Bank of Egypt (CBE) cancelled the annual sales cap of 1 billion Egyptian pounds required to qualify for…
Money CBE likely to leave interest rates unchanged Amwal Al Ghad English Apr 1, 2020 0 The Central Bank of Egypt is likely to leave interest rates on hold when its Monetary Policy Committee meets…