Egypt’s c. bank chief rules out fixed exchange rate policy
Egyptian Central Bank Governor Hassan Abdalla ruled out the possibility of adopting a fixed exchange rate policy,…
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Egyptian Central Bank
Egypt’s c. bank offers fixed-rate EGP 150 bln deposits
The Central Bank of Egypt (CBE) offers on Tuesday a fixed-rate deposits of 21.75 per cent for seven days’ worth 150…
Egypt’s c. bank offers fixed-rate deposits of EGP 150 bln
The Central Bank of Egypt (CBE) offers on Tuesday a fixed-rate deposits for a period of seven days, worth 150…
Egypt’s c. bank offers fixed-rate EGP 150 bln deposits
The Central Bank of Egypt (CBE) offers on Tuesday a fixed-rate deposits of 21.75 per cent for seven days’ worth 150…
HSBC Bank Egypt starts dealing in yuan
HSBC Bank Egypt has started dealing in China’s yuan, or renminbi (RMB), for its corporate clients following an…
Women-led businesses capture 70% of Egypt banks’ MSME funding
Egyptian central bank’s assistant sub-governor says around 70 percent of the banks’ financing for micro, small and…
Egypt central bank’s exit from United Bank delayed on hopes for bigger return
Egyptian central bank’s plans to exit from the United Bank, in which it holds a 99 percent stake, could be delayed…
Egypt: $1 bln in foreign investment netted within two days of interest rate hike
Egyptian Central Bank Governor Tarek Amer said that nearly $1 billion in foreign investment entered Egypt within…
Egyptian central bank to launch a microfinance initiative next Tuesday
Egypt’s central bank will launch its anticipated microfinance initiative next Tuesday, a step that follows recent…
Egypt’s foreign debt to reach 30% of GDP by June – central bank governor
Egyptian Central Bank’s Governor Tarek Amer stated late Friday that he expects the country's foreign debt to reach…
Egypt pays Eni $630 mln financial obligations to develop Zohr gasfield
Egypt paid its $630 million financial obligation in January to Italian oil and gas giant Eni to develop the biggest…
CBE to auction treasury bills worth 9.25 billion Egyptian pounds today
Egyptian central bank will be issuing Thursday treasury bills worth 9.25 billion Egyptian pounds ($524.8 million)…
Al Baraka Egypt Bank braces for new SME financing product in December
Al Baraka Bank Egypt, part of Bahraini Al Baraka Banking Group, says it will be launching this December a new…
CBE allocates $1.8b to secure strategic goods reserves for 6 months
Egypt's central bank has allocated $1.8 billion to ensure six months of reserves in all strategic goods, Supply…
Egypt receives $2 billion Saudi deposit in boost for IMF deal: sources
Egypt has received a $2 billion deposit from Saudi Arabia, an Egyptian central bank official said on Wednesday,…
Regulatory changes in Egypt are impacting UK companies: Barclays senior official
Exporting to Egypt has seen significant change over the past few months, driven by The Egyptian Central Bank’s…
Egypt’s state agricultural lender names new chairman
Egypt’s main agricultural lender, Principal Bank for Development and Agricultural Credit (PBDAC) appointed…
Sawiris may buy Barclays’ Egypt unit
Egyptian billionaire businessman Naguib Sawiris has expressed readiness to buy Barclays’ Egyptian unit, following…
3 consulting firms vie for restructuring Egypt state agricultural lender
Three firms for financial consulting are bidding for the restructure of Egypt’s main agricultural lender, Principal…
Emirati StarLink, CBE in talks over boosting Internet Banking service in Egypt
The IT security provider StarLink is currently in talks with Egypt's Central Bank (CBE) over developing the…
Al Baraka Bank Egypt to launch 3-year saving certificates early 2016
Al Baraka Bank – Egypt, part of the Bahraini Al Baraka Group, seeks to offer a new high-yield saving certificate in…
Egyptian c.bank initially permits Russian tourists to pay in ruble
Egyptian Central Bank (CBE) has given the initial approval on allowing Russian tourists to pay for package holidays…
Central Bank’s FX Policy Wins Presidential Backing
Egyptian President Abdel-Fattah El-Sisi urged his government to cut back on imports, backing the central bank’s…
Arab Monetary Fund grants Egypt $339mn-loan
The Arab Monetary Fund (AMF) has signed an agreement with Egypt to provide new loan worth Dinar 78.880 million (US$…
Central Bank of Egypt approves Kuwaiti Al Ahli’s Piraeus Egypt Takeover
Kuwait's Al Ahli Bank received approval from the Egyptian central bank (CBE) to buy Piraeus Bank's unit in the…
Kuwait’s Al Ahli to change Piraeus Bank Egypt’s Brand by end 2015
Kuwait's Al Ahli Bank (ABK) aims to change the brand of Piraeus Bank Egypt after getting the approvals of Egypt's…
Egypt’s CBE eyes activating COMESA’s Regional Payment and Settlement System
Egyptian Central Bank (CBE) is currently studying the activation of COMESA's Regional Payment and Settlement System…
Banque Misr plans First Islamic Financing to Support SMEs
Banque Misr is planning to carry out the first Islamic financing for the small and medium-sized enterprises, worth…
28 Local Banks offer EGP154bn for CBE’s 72nd Auction of Deposit Operation
28 banks operating in the Egyptian market offered Tuesday a domestic surplus liquidity totalling EGP 154.450…
Private-sector Banks Registers 84% of Total Loans at End-June – Egypt C.Bank
The private-sector banks have seized 84% of total loans during second quarter ending on 31 March 2014, said the…
Misr Insurance Renews Health Insurance Policy for Central Bank Employees’ Families
Misr Insurance Company – Property has renewed its health insurance policy for the families of employees working for…
Union of Arab Banks’ Conference Kicks off in Sharm El-Sheikh
Under the auspices of Egyptian Central Bank Governor Hesham Ramez and in cooperation with the Federation of…
AlexBank Retracts Announcement of a New Historical Building Branch
In a quick response to Amwal Al Ghad’s latest report about a new branch housed in the one of the most vital…
AlexBank Violates Egypt Laws, Opens Branch Housed in Historical Building
AlexBank – subsidiary of Intesa Sanpaolo Group – announced today a new branch in Alexandria city, housed in the…
AlexBank Won’t Contribute to ‘Long Live Egypt’ Fund – CEO
AlexBank, a member of Intesa Sanpaolo Group, will not contribute to 'Long Live Egypt' fund, CEO Roberto Vercelli…
After Subsidies Cut, Egypt Raises Key Rates to 9.25% to Contain Inflation
The Central Bank of Egypt on Thursday raised key interest rates by 100 basis points each to keep inflation in…
Misr Iran to Take Part in CBE Housing Initiative this Month
Misr Iran Development Bank targets participation in the Egyptian Central Bank's mortgage finance initiative within…
Foreign Currencies Vs Egypt Pound – Early Wednesday
The table below shows the exchange rates of the Arab and foreign currencies against the Egyptian pound on early…
Egyptian Gulf Bank Eyes Increasing Deposits to EGP1bn in 2014
The Egyptian Gulf Bank (EGB) is planning to allure deposits amounting to EGP one billion within 2014, a banking…
Misr Iran Targets Mobile Money Transfer Service Launch within H2/14
Misr Iran Development Bank (MIDB) revealed on Tuesday plans to apply the Mobile Money Transfer (MMT) service within…