Egypt’s bank lending hits EGP 6.831t by end of April ’24
Egypt's banking sector saw a notable increase in loan balances to 6.831 trillion Egyptian pounds by April 2024.
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local currency
Egypt’s NBE offers 1-yr CD with 23% daily yield
The National Bank of Egypt offers on Thursday new one-year certificate of deposit (CD) starting from 1000 Egyptian…
Egypt’s NBE issues 3-yr CD with up to 30% yield
The National Bank of Egypt (NBE) has issued on Wednesday new three-year certificate of deposit (CD) with a…
Egypt’s demand for gold shoots up 300% in Q2 of 2023
Egypt's demand for gold bars and coins surged more than 300 percent year-on-year to over 10 tons in the second…
CBE: banks loan jump to EGP 4.399 trln by Mar-end
The Central Bank of Egypt (CBE) reported on Thursday that the lending balances rose to 4.399 trillion Egyptian…
Egypt’s domestic liquidity rises 3.2% in three months: c.bank
Egypt's domestic liquidity jumped 3.2 percent to 3.563 trillion pounds during the July-October 2018 period of the…
CBE To Convert $4bln Worth Of Dues On Importers To Local Currency
The Central Bank of Egypt (CBE) is moving to convert debts owed by importers in dollars to debts to be repaid in…
Moody’s upgrades Deposit Ratings of Five Egyptian Banks
International credit ratings agency Moody's upgraded Friday the local currency (LC) deposit ratings of five…
Russia-Egypt Trade Exchange Hits US$5.5 bln in 2014
The trade exchange volume between Egypt and Russia reached US$ 5.5 billion and it is expected to raise, Andrey…
Currency-hedged ETFs in Vogue as Investors Clamor for More
U.S. investors spooked by wild swings in the foreign exchange market are piling into exchange-traded funds that…
AfDB 2023