CBE has no exchange rate target, focuses on inflation fight – Hassan Abdalla
Egypt’s central bank has no intention to keep the exchange rates at a certain level as number one priority right…
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Central Bank of Egypt (CBE)
Egypt’s c. bank’s recent decisions eliminate FX parallel market
The Central Bank of Egypt’s (CBE) recent decision will boost confidence in the Egyptian economy and eliminate…
Foreign firm deposits $25m into Banque Misr after CBE’s decisions
A foreign company deposited $25 million in Egypt's Banque Misr on Wednesday, in a move that proves trust in the…
Egypt never defaulted on debts – Ezz Alarab
Egypt has never defaulted on its debts and is committed to correcting its course by utilizing foreign resources,…
URGENT: Egypt’s central bank cancels restrictions on FX credit cards
Egypt's central bank told commercial banks on Wednesday to cancel restrictions imposed late last year on the use of…
Egypt’s NBE issues 3-yr CD with up to 30% yield
The National Bank of Egypt (NBE) has issued on Wednesday new three-year certificate of deposit (CD) with a…
Egypt’s currency FX rate hits 46.45 against dollar
Egypt's pound currency weakened on Wednesday to a new low of 46.45 Egyptian pounds against the US dollar, according…
URGENT: Egypt’s central bank provides funds necessary for maintaining FX liquidity
In an extraordinary meeting on Wednesday, the Central Bank of Egypt’s the Monetary Policy Committee (MPC) decided…
URGENT: Egypt’s central bank raises interest rates by 6%
Egypt's central bank on Wednesday raised interest rate by 6%.
Egypt’s AlexBank, Mastercard team up to boost services
Mastercard has partnered with Egypt’s AlexBank, a member of the Intesa Sanpaolo Group, to support growth, digital…