Egyptian currency slightly appreciates against US dollar after 2-day free fall
Greenback averaged EGP 18.32 for buying, EGP 18.42 for selling at banks
USD’s value increases by 28 piasters to EGP 18.4508 for buying and EGP 18.5483 for selling
The average price of a USD in banks, according to the Central…
CBE raises interest rate by 1% in exceptional meeting, Egyptian pound declines significantly
The CBE believes in the importance of exchange rate resilience to absorb…
NBE, Banque Misr offer one-year 18% saving certificates
Yehia Abou El-Fotouh, Vice Chairperson of the NBE, said the bank’s new…
Egypt’s Monetary Policy Committee increases key policy rates by 1% in extraordinary meeting
Objective of raising policy rates is to anchor inflation expectations, contain effects…
Banque Misr, NBE, Banque du Caire agree to launch $85m MEA-focused ‘Nclude” fund for fintech
Participating investment entities also include e-finance, Egyptian Banks Company, and Global Ventures
Banks in Egypt show strong recovery indicators from COVID-19 repercussions in 2021
Net profits of banks increase to EGP 107.132bn in December, compared to…
EGP 11.1bn allocated to funding women’s projects in Egypt over 7 years: Trade Minister
Political leadership is directing all support to raise economic, social levels of…
Why Egypt’s annual inflation jumps to 32-month high in February 2022?
CBE attributes increase in annual urban inflation to strong monthly food dynamics…
Egypt’s trade deficit decreases 21.6% in December 2021: CAPMAS
The Central Agency for Public Mobilisation and Statistics issued on Tuesday its…