Egypt’s Amer calls for huge IMF, World Bank rescue package for Africa
Central Bank of Egypt Governor Tarek Amer has called on the IMF and the World Bank to extend more than USD 500 bn…
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Central Bank of Egypt (CBE)
Rising foreign remittances rein current account deficit in Q3 2019-2020
A rise in foreign remittances helped Egypt’s current account cushion the effects of the covid-19 pandemic during 3Q…
CBE orders banks to clarify measures to unblock assets frozen due to tax disputes
The Central Bank of Egypt (CBE) issues circular to banks to clarify measures to unblock assets frozen due to tax…
Egypt’s domestic liquidity hits EGP 4.35trn by April end
Egypt’s domestic liquidity grew by 12.7 percent recording 4.489 billion Egyptian pounds from July 2019 to the end…
Insurance companies’ investments in Egypt’s T-bills fall 1% April-end
The total investments of insurance companies operating in the Egyptian government’s treasury bills fell one percent…
Egyptian banks’ profits decline 6.1% in Q3 of FY2020 – CBE
Egyptian banks' profits dropped 6.1 percent to 36.9 billion Egyptian pounds ($2.3 billion) during the third quarter…
Egypt to receive first tranche of IMF loan soon – c.bank
Egypt will receive the first part of the International Monetary Fund (IMF) $5.2 billion standby loan within a few…
Egypt’s c.bank issues $433.3 mln in guarantee facilities for large firms
The Central Bank of Egypt (CBE) has launched an initiative providing guarantee facilities worth 7 billion Egyptian…
Egypt’s c.bank offers $433 mln T-bills in three, seven-year terms
The Central Bank of Egypt (CBE) offered on Tuesday treasury bills (T-bills) worth 7 billion Egyptian pounds ($433.3…
Banks in Egypt off for five days during Eid – c.bank
Central Bank of Egypt (CBE) said all banks will be closed from Sunday 24 May to Thursday 28 May during Eid, Ahram…