S&P Global affirms Egypt’s B rating on exchange rate flexibility, IMF, GCC support
S&P Global Ratings has affirmed on Friday Egypt’s credit rating at B with a stable outlook buoyed by he latest…
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Central Bank of Egypt
Egypt’s net foreign assets decline again to reach $925 million in August
Egypt's net foreign assets (NFAs) fell by 18.06 billion Egyptian pounds ($925 million) in August, resuming a…
Egypt signs MoU to host AfDB 2023 annual meetings
Egypt will host the Africa Development Bank Group’s (AfDB) upcoming annual meetings in May 2023, following the…
Egypt’s annual inflation rate rise by 16.7% in August: CBE
The annual inflation rate increased by 16.7 percent in August, compared to 15.6 percent in July, according to a…
Sisi meets Egypt’s new c.bank governor Hassan Abdalla
Egypt’s President Abdel Fattah al-Sisi has met on Thursday with Hassan Abdalla, acting governor of the Central Bank…
Get to know Hassan Abdalla Egypt’s acting central bank governor
Hassan Abdalla, an Egyptian banker with over 30 years of experience in the financial industry and former chief…
Egypt’s Sisi names Hassan Abdalla acting central bank governor
Egypt’s President Abdel Fattah al-Sisi has on Thursday named Hassan Abdalla, an Egyptian banker with over 30 years…
Three possible scenarios as Egypt’s central bank governor resigns – MP
As Egypt’s central bank governor Tarek Amer resigned on Wednesday, MPs are exploring three scenarios for the…
BNP Paribas: CBE to increase interest rates by 200 bps
Analysts at BNP Paribas expect the Central Bank of Egypt (CBE) would hike interest rates by 200 basis points (bps)…
Remittances from Egyptians abroad grow 6.4% y-o-y in 2021: CBE
Remittances from Egyptians working abroad grew by 6.4 percent year-on-year to around $31.5 billion in 2021 from…