United Bank of Egypt targets 3% market share in 2019
Egypt’s state-run United Bank is planning to boost its market share in the country to 3 percent within 2019, its…
Browsing Tag
Central Bank of Egypt
Moody’s: Egypt fiscal position remains unstable
Despite marginal improvements in international reserves and foreign direct investment and the likely improvement in…
Devaluation surge ends, Egypt stocks slump on Monday
Egypt’s stock market pared its advance on Monday after two sessions of strong gains. Main index, EGX30 tumbled 0.15…
Why Africa’s next currency devaluation may be in Egypt: Bloomberg
Two weeks after Nigeria, Africa’s biggest economy, allowed the naira to weaken, Egypt’s central bank governor Tarek…
Egypt to repay $1 bln last tranche of Qatari deposit tomorrow: official
Egypt will repay the last $1 billion installment of the Qatari deposit Friday, said Egyptian central bank governor…
Egypt bans use of debit cards abroad on hard currency shortage
Egypt has ordered banks to stop clients from using their Egyptian pound account debit cards abroad, a central bank…
National Bank of Egypt raises interest rates after central bank hike
The National Bank of Egypt (NBE), the country’s largest public lender, approved to raise the interest rate by 1…
Cairo stocks fall over central bank’s rate rise move
Egypt’s stock market slipped back into negative territory on Sunday weighed by the latest interest rate rise from…
Regional banks planning to open branches in Egypt: c.bank chief
Some regional banks, including UAE lenders, intend to inaugurate branches in Egypt, the governor of the Egyptian…
CBE: Egypt’s foreign reserves rose to $17.521 billion at May-end
Egypt's net foreign reserves have inched up to $17.521 billion at the end of May, the central bank announced…
