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…
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Central Bank of Egypt
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…
CBE announces regulations for paying postponed debts
The Central Bank of Egypt (CBE) announced a new mechanism to collect the proceeds on debts an loans during the…
Egyptian remittances expats reach $5.2 in January, February
Remittances from Egyptian expatriates jumped 33.6 percent or $1.3 billion during the first two months of 2020 to…
CBE erases blacklists, lifts restrictions on defaulters
The Central Bank of Egypt (CBE) has decided to cancel the blacklist of companies and individuals and lift the ban…