CBE Takes Control Over AIB
Central Bank of Egypt (CBE) announced that Arab International Bank's (AIB) Extraordinary General Assembly approved…
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Central Bank of Egypt
Foreign Investors Are Wary of Raising Exchange Rates; Bankers
Banking experts demanded that exchange rate shall be determined by supply and demand factors…
Deficit Posts $ 8 bln During The last 6 Months: CBE
Balance of Payments posted a total deficit of US$ 8 billion in from the period from July to December in FY…
Debts And Provisions… Main Challenges To Apply Basel II in Egypt
A number of experts in the banking sector affirmed that specialized banks will face several challenges to apply the…
Adnan Youssef: CBE Protects Egyptian Banks Against Financial Crisis
Adnan Youssef, Chairman of the Union of Arab Banks and President & Chief Executive of Al Baraka Banking Group,…
Finance Ministry Offers 182- and 357-day T-Bills Worth EGP 6.5 bn
Ministry of Finance has announced on Thursday selling 182-and 357-day treasury bills worth EGP 6.5 billion in an…
Experts: Reducing Interest Rates Is An Urge To Boost Foreign Investment
Money market experts demanded reducing interest rates in Egypt so as to increase foreign investments that will in…
CBE Reduces Corridor Rate By 0.5% After 3-Year-Fixation
Monetary policy committee at Central Bank of Egypt (CBE) plans to reduce lending and deposit rates “Corridor rate",…
CBE Reduces Reserve Requirement to 12% On Increasing Deficit
Egypt's central bank decided Tuesday to reduce the proportion of reserve requirement on domestic deposits with…
CBE Sells 273-Day T-Bills With EGP 4.5 bn
The average yield at an auction on Sunday of Egyptian 273-day treasury bills declined, and the central bank sold…
