Egypt’s three state bank giants offer USD certificates to lure expat dollars
Egypt's "Belady" dollar denominated certificate will be offered to Egyptians living abroad by three state-owned…
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Central Bank of Egypt
CBE launches EGP 5 bln programme for medium size enterprises
The Central Bank of Egypt has allocated EGP 5 billion ($647 million) for the banks to loan to medium sized…
CBE to consider floating pound when foreign reserves hit $30bn
The Central Bank of Egypt (CBE) will consider floating the local currency when foreign reserves hit between $25bn…
Egypt won’t float currency until FX reserves reach at least $25 bln
Egypt is "definitely not going" to float its currency with foreign currency reserves at their current level, the…
Al Baraka Bank to pump $127.7mn in Egypt SMEs this year: chairman
Al Baraka Bank Egypt, part of Bahrain’s Al Baraka Group (ABG), is planning to pump one billion Egyptian pounds…
Egypt signs $500 million Afreximbank facility agreement to ease FX shortage
The African Export-Import Bank (Afreximbank) and the Central Bank of Egypt (CBE) signed in Cairo signed Friday a…
Saudi investments in Egypt worth $9 billion – c.bank governor
Saudi investment deals in Egypt add up to $9 billion, the Central Bank of Egypt (CBE) governor Tarek Amer said…
Insurance sector investments in treasury bills rise 4.1% – CBE report
The investments of insurance firms in treasury bills have increased by 4.1 percent at the end of November 2015, the…
Brace for acute devaluation of Egyptian pound, say economists
Egypt will allow a sharp devaluation of its currency in the first half of this year as it has run out of options…
Banks’ SME financing are ‘inadequate’; says Egypt c.bank official
The banks’ finances for small and medium-sizes projects (SMEs) are ‘inadequate’ compared to what given to…
