Egypt signs protocol to give banks access to commercial registry data
Egypt's Central Bank (CBE) and the Ministry of Supply signed a cooperation protocol on Sunday, enabling the banking…
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central bank
Egypt banks to close for 25 Jan Revolution, Police Day Holiday – CBE
Egypt's Central Bank (CBE) announced on Tuesday that all banks operating in the country will suspend work on…
Egypt strengthens fiscal, monetary coordination to support economy
Egypt’s government is working to reinforce coordination between fiscal and monetary policies to sustain economic…
Saudi c. bank cuts repo, reverse repo rates by 25 basis points
Saudi Arabia’s central bank (SAMA) on Wednesday reduced the Repurchase Agreement (Repo) rate by 25 basis points to…
UAE c. bank cuts base rate by 25 basis points
The Central Bank of the UAE (CBUAE) on Wednesday lowered its Base Rate for the Overnight Deposit Facility by 25…
Egypt’s government reviews strategic petroleum reserves, sector payments
Egypt's Prime Minister, Moustafa Madbouly, held a meeting on Sunday to review the availability of Egypt’s strategic…
Egypt reports strong economic performance ahead of IMF visit
Egypt’s Prime Minister Moustafa Madbouly chaired the Economic Ministerial Group meeting on Wednesday to review…
Morocco keeps interest rate at 2.25%
Morocco’s central bank kept its key rate at 2.25 per cent on Tuesday, citing global and domestic risks despite…
UAE cuts base rate by 25 bps
The Central Bank of the UAE (CBUAE) reduced its Base Rate for the Overnight Deposit Facility by 25 basis points,…
Qatar cuts key interest rates by 25 bps
Qatar’s central bank (QCB) has reduced its key interest rates by 25 basis points, effective Thursday.
Bangladesh’s remittances 8.90% in August
Remittances from Bangladeshis living and working abroad rose 8.90 per cent year-on-year in August to $2.42 billion,…
UK cuts interest rate to 4%
The Bank of England (BoE) decided on Thursday to cut the rate by 0.25 per cent points to 4 per cent, citing…
Kenya records 4.1% annual inflation in July
Kenya's annual inflation rose to 4.1 per cent in July from 3.8 per cent in June, driven by higher food, transport,…
Tunisia keeps interest rate steady
Tunisia’s central bank kept its benchmark interest rate unchanged at 7.5 per cent on Wednesday, following a…
Morocco explores digital currency for cross-border payments
Morocco’s central bank is studying the potential use of a central bank digital currency (CBDC) for peer-to-peer and…
Ghana inflation falls in June ’25
Ghana's annual consumer inflation slowed for the sixth consecutive month in June, dropping to 13.7 per cent, its…
India’s c. bank FX gains surge
The Indian central bank's income from foreign exchange transactions increased by 33 per cent to 1.11 trillion…
Egypt reports strong supply of strategic commodities
Egypt's Prime Minister Moustafa Madbouly held a meeting on Wednesday to review the status of the country's…
Egypt govt. discusses measures to strengthen private sector role
Egypt is accelerating efforts to expand its export sector and attract foreign investment, as the government and…
Erdogan: 2025 to be landmark for interest rate cuts
Turkey’s President Recep Tayyip Erdogan announced plans to lower interest rates in 2025, reiterating his belief…
EBRD prospects: Lebanon economy to shrink in ’24
Lebanon’s economy is forecast to shrink by 1.0 per cent in 2024 amid ongoing political instability and stalled…
China injects ¥91.5b into banking system
China’s central bank injected 91.5 billion yuan ($12.89 billion) into the banking system on Monday through…
Egypt temporarily halts expats land allocation in foreign currency
Egypt's New Urban Communities Authority (NUCA) will suspend land allocations in foreign currency from abroad…
Egypt’s c. bank issues EGP60b t-bills
The Central Bank of Egypt (CBE) issued 60 billion Egyptian pounds treasury bills for a of 91 and 273 days, in…
UK wage growth exceeds expectations, signals cooling
British wage growth surpassed expectations according to data released on Tuesday, but other indicators hinted at a…
Turkish Lira dips to record low post-election
The Turkish lira fell to a record low of 32.4328 per dollar, a 0.2 per cent drop, following a surprising defeat for…
Swiss firms seek central bank support amid strong franc
Swiss industries are calling on the country’s central bank to shift its focus from combating inflation to…
Egypt in talks to allow barter trade with Russia, Turkey, African countries
Egypt is considering implementing trade exchange operations with Russia, Turkey, and some African countries through…
Banque du Caire launches central security unit
Banque du Caire launched a central security control unit to monitor operations at its branches, said an emailed…
China’s lending rates keep unchanged for 6th months in row
China keeps benchmark lending rates unchanged for the sixth month this February, as the one-year loan prime rate…
Egypt’s net foreign reserves rise to $38.3 bln in July – CBE
Egypt’s net foreign reserves increased slightly to $38.315 billion in July from $38.202 biilion in June, the…
Egypt’s annual core inflation declines to 1% in June: CBE
The annual core inflation rate reached 1 percent in June, down from 1.5 percent in May last year, the Central Bank…
Egypt sells $509 mln in one-year dollar T-bills – c.bank
Egypt sold $509.3 million in one-year, dollar-denominated T-bills on Tuesday at an average yield of 3.45 percent,…
Egypt’s M2 money supply accelerates to 15.62% in April – CBE
Egypt’s M2 money supply growth accelerated to 15.62 percent year-on-year in April, according to the central bank…
Turkey cuts interest rates amid coronavirus crisis in effort to boost recovery
Turkey’s central bank cut interest rates by 50 basis points on Thursday, in a move economists say was likely…
Turkish central bank triples Qatar currency support deal to $15 billion
Turkey’s central bank tripled its currency swap agreement with Qatar on Wednesday, securing much-needed funding as…
Egypt’s net foreign reserves fall to $40.1 bln in March – c.bank
Egypt’s net foreign reserves dropped to $40.1 billion at the end of March from $45.5 billion in February, the…
Aramco IPO not causing liquidity issues for banks: Saudi central bank
Saudi Arabia’s central bank is monitoring banking indicators on a daily basis and is not seeing any impact on…
Private insurance funds’ investments in Egypt’s T-bills fall 0.66% Sept-end
The total investments of private insurance funds in the Egyptian government’s treasury bills dropped around 0.66…
Lebanon’s central bank asks banks to raise capital by up to 20%
Lebanon’s central bank has asked banks to raise their capital by up to 20% by the end of June 2020, according to a…