Banks adhere to cash dividends halt in Egypt to support capital base
Decision aims to maintain banking sector’s integrity, take proactive steps to meet…
Central Bank halts cash dividends at banks in anticipation of continued pandemic
Banks will not make cash dividends from profits or retained earnings to…
New tax facilitation in pipeline for SMEs: Trade Minister
MSMEs exempted from stamp tax, documentation fees, while custom duties on machinery,…
Egypt’s external debt rises to $125.3bn in September 2020
Long-term dues account for 90.2% of country’s total external debt
UPDATE: Egypt’s urban inflation falls to 5.4% in December 2020
Headline inflation records 5.1% in 2020, down from 8.5% in 2019
Agriculture Minister approves EGP 59.5m in funding to develop 42 milk collection centres
Milk collection centres have been termed as SMEs to benefit from Central…
Measures adopted by central banks, governments mitigate COVID-19 impact on global economy: CBE
Outlook for near term growth in global economic activity expected to be…
Central Bank of Egypt directs for accelerating financial transfers
Intra bank transfers to be carried out in 2 hours, while interbank…
Egypt’s net international reserves rise to $40.062bn in December 2020
FX reserves increase by about $364m to $35.399bn in December
Central Bank of Egypt issues instructions to manage operating risks at banks
The Central Bank of Egypt (CBE) has issued new instructions regarding the…