Industry & Trade CBE governor: Egypt pays $1.5 bln in arrears to international oil firms in May, June Yomna Yasser Jun 7, 2017 0 Egypt has paid $1.5 billion in arrears to international oil companies in May and June, the Central Bank of Egypt’s…
Banks Egypt’s foreign trade reach $35 billion since currency float: official Yomna Yasser May 31, 2017 0 Egypt’s foreign trade since early November, when the government floated the country’s pound until May 25 reached…
Banks Banking system received $1 bln in 2 days, after Egypt’s CBE raised interest rates Yomna Yasser May 30, 2017 0 Governor of the Central Bank of Egypt Tarek Amer said Monday that the banking system received around $1 billion…
forex news Egyptian pound flotation poses challenges for banks’ 2016 financial positions Yomna Yasser May 23, 2017 0 The decision of the flotation of the pound towards the end of last year affected all banks in the banking sector…
Banks Egypt unexpectedly hikes key interest rates by 200 basis points Yomna Yasser May 21, 2017 0 Egypt’s central bank has raised on Sunday its key interest rates by 200 basis points during a meeting of its…
Banks Credit Agricole not considering leaving Egyptian market Yomna Yasser May 21, 2017 0 The chairperson and managing director of Credit Agricole Egypt, Francois Edouard Drion, said that the bank aims to…
Banks Egypt c.bank to issue local treasury bills of 12.2 bln pounds on Sunday Yomna Yasser May 20, 2017 0 Egypt’s central bank will issue on Sunday, on behalf of Finance Ministry, treasury bills totalling 12.2 billion…
Banks Egyptian central bank to launch a microfinance initiative next Tuesday Yomna Yasser May 18, 2017 0 Egypt’s central bank will launch its anticipated microfinance initiative next Tuesday, a step that follows recent…
Banks No plans to demonetize Egyptian pound or redesign currency: central bank Yomna Yasser May 15, 2017 0 Egypt will neither launch a new currency exchange mechanism nor have a new design for the current currency, the…
Banks Egypt’s annual core inflation eases slightly to 32.06% in April Yomna Yasser May 11, 2017 0 Egypt's annual core inflation eased slightly to 32.06 percent in April, down from 32.25 percent in March and 33.10…