Egypt To Sell $500 Mln T-bonds To Saudi Arabia
Egypt has agreed to sell $500 million treasury bonds to Saudi Arabia in an agreement signed on Sunday, Planning…
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Egypt’s economy
NBE’s Raises T-Bills Investments to EGP 78 Bln
National Bank of Egypt’s investment in treasury bills reached EGP 78 billion for the current fiscal year. Bills are…
Foreign Direct Investments Registered A Negative Value of US$ 858 Mln
Central Bank of Egypt (CBE) said net foreign direct investments registered a negative value of US$ 858.2 million by…
182-Day T-Bills Yield Rises To A Record
Central Bank of Egypt (CBE) said the average yield on 182-day treasury bills rose to its highest level in at least…
Draft Budget Reduces Deficit To 7.9% of GDP
Egypt’s draft budget for the fiscal year that starts in July forecasts reducing the budget deficit to 7.9 percent…
Ozalp: Revolution’s Implications Proved The Strength of Egyptian Banking System
Mohamed Ozalp, Managing Director of BLOM Bank Egypt, affirmed that the turmoil that followed last year’s 25th…
Egypt Signs $100 Mln Debt Swap Deal With Italy
Egypt signed an agreement with the Italian government to swap a third tranche of debts worth $100 million. Faiza…
Faika El Refaie: 2.5% Gap Between The Needed Investments And The Actual Savings
Faika El Refaie, former sub-governor of Central Bank of Egypt, said there are a funding gap of 2.5% between the…
Foreign Reserves Increase For The First Time Since 2011
Central Bank of Egypt said foreign reserves rose slightly last month, their first gain since a revolution that…
CBE Fixes Interest Rates On GDP Increase By 0.4% In Q2
The Central Bank of Egypt (CBE) decide to keep lending rate steady at 10.25 percent and the deposit rate at 9.25…
