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…
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Central Bank of Egypt
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…
126k taxpayers will be able unlock EGP 65 bn of frozen assets: CBE
Businesses may only have to pay a 1 percent down payment to unfreeze assets frozen by the Tax Authority as part of…
Pharos: Egypt’s central bank to keep interest rates unchanged in next meeting
The Central Bank of Egypt (CBE) is likely to keep interest rates steady when the Monetary Policy Committee (MPC)…
CBE instructs banks to comply with IFRS9 to ensure best practices
The Central Bank of Egypt has instructed banks working in the local market to comply with the latest International…
Bank Audi Egypt says employees tested positive for coronavirus
Bank Audi Egypt, part of Lebanon's Bank Audi, said on Wednesday one of its employees had tested positive for…