UAB: Egypt has 3rd best banking system in Arab world as for assets, deposits, loans
The Union of Arab Banks (UAB) said that Egypt has third best banking system in Arab world in terms of assets,…
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Central Bank of Egypt (CBE)
Egypt released imports worth $1.2 billion last week – PM
Egypt has released shipments of about $1.2 billion from 24 to 30 December, as part to resolve the imports backlog…
Egypt’s c.bank ends Letter of Credit system for imports
The Central Bank of Egypt (CBE) has cancelled the Letter of Credit (LC) system as a requirement for imports and…
Allianz Egypt renews strategic partnership with Banque Misr for next five years
Allianz Egypt, part of German insurance giant Allianz has announced on Tuesday the renewal of its partnership for…
Egypt’s central bank announces rate meeting schedule for 2023
Egypt’s central bank on Saturday announced the schedule of its meetings that determine the course of monetary…
BREAKING: Egypt’s central bank hikes interest rates 3%
Egypt’s central bank has on Thursday decided to hike interest rates by 3 percent to contain inflationary pressures…
Report: Egypt’s pound now under supply, demand forces, floatation not “accurate term”
Egypt’s pound currency is now under the forces of supply and demand since October 27 when the central bank moved to…
Egypt’s c.bank expects 200bps interest rate hikes next Thursday- Reuters poll
The Central Bank of Egypt (CBE) will raise its overnight interest rates by 200 basis points on Thursday, a Reuters…
ABK-Egypt Bank joins Instant Payment Network ‘InstaPay’
Egypt’s Al Ahli Bank of Kuwait (ABK) has joined the InstaPay mobile application, which allow clients to process…
Egypt’s gold reserves hike to $7,078bn in November – c.bank
Egypt’s gold reserves, a major component of foreign cash reserves, increased to $7,078 billion at the end of…
