CBE studies establishing African credit rating agency
The Central Bank of Egypt is currently conducting studies to establish an African credit rating agency, Naglaa…
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Central Bank of Egypt
CBE set to issue Aman certificate for non- gov’tal categories
The Central Bank of Egypt (CBE) gave the green light to four banks to issue Aman certificate for non-governmental…
CBE imposes sanctions on 28 exchange companies during 2018
The Central Bank of Egypt (CBE) imposed punishments on 28 foreign exchange companies for violating rules during…
Egypt’s foreign reserves post $44.06B in February
Egypt’s foreign reserves rose by $1.4 billion by the end of February 2019 to reach $44.06 billion, compared to…
Egypt forbids circulation of currency with text phrases
The Central Bank of Egypt (CEE) banned the circulation of any paper currency with text phrases, according to Extra…
Sisi directs Egypt’s c.bank to reduce interest rate on youth loans
Egypt's President Abdel-Fattah El-Sisi wants the interest rate on loans to young people to be reduced to 5 percent,…
CBE launches Nilepreneurs to support entrepreneurs, SMEs
The Central Bank of Egypt launches a national initiative to support entrepreneurs and small and medium enterprises…
1st phase of export risk guarantee firm finalised: Egypt’s c.bank
With the help of the African Export-Import Bank (Afreximbank), the Central Bank of Egypt has completed phase one of…
Egypt expects higher dollar demand as it repays debt
Egypt will have to repay $14.7 billion this year to international creditors, including Arab countries that…
New banking law reached Cabinet: CBE
The Central Bank of Egypt has finished the final draft of the new banking law, Lobna Helal, Deputy Governor said.