Egypt’s central bank extends two debt relief initiatives due to pandemic
Egypt’s central bank has extended two debt relief initiatives for additional 6 months which were launched earlier…
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Central Bank of Egypt
Egypt’s current account deficit jumps in April-June
Egypt’s current account deficit mushroomed in the April-June quarter to $3.83 billion from $1.09 billion a year…
CIB waiting for CBE audit report after chairperson’s resignation
The Commercial International Bank – Egypt (CIB) is anticipating an audit report by the Central Bank of Egypt (CBE),…
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…
Egypt sees portfolio investment outflows of $7.9bn in July/March of FY20
Egypt's portfolio investment registered net outflows of $7.9 billion from July to March of the financial year…
Egypt’s MoneyFellows platform secures $4mn for money circle digitisation
Egyptian fintech platform MoneyFellows has secured $4 million in Series A investment from venture capital companies…
Egypt’s c.bank to not introduce more interest rate cuts – EFG Hermes
Central Bank of Egypt (CBE) is not expected to introduce more cuts in the key interest rates, notably with the…
Egyptian banks to open until 2pm in light of curfew hours
Egyptian banks will be open from 8:30am to 2pm starting Tuesday, instead of the normal hours of 9:30am to 3pm, per…
Egypt’s central bank issues guarantees worth EGP 100 bln for banks to boost loans
Central Bank of Egypt (CBE) has loan guarantees worth 100 billion Egyptian pounds to encourage banksbe part of an…
CBE may add contracting sector to industrial initiative
The Central Bank of Egypt (CBE) considers adding the contracting sector to its 100 billion Egyptian pounds…
