Why Egypt’s inflation continues to rise in February 2024
Egypt’s annual headline urban inflation rose to 35.7% in February 2024, up…
EGP 283.3bn net profits for banks in Egyptian market in 2023: CBE
Total financial position of banks records EGP 15.165trn
Foreign currency inflows rise in banks, exchange offices following EGP liberalisation
Average dollar value decreases by EGP 1.7 from its peak after flotation,…
Islamic banking in Egyptian market hits EGP 606bn in 2023
This figure represents approximately 4% of total Egyptian banking sector
Annual core inflation hits 35.1% in February 2024: CBE
Annual urban inflation jumps to 35.7% in February 2024: CAPMAS
Finance Minister hails Moody’s decision, outlines future plans
Moody’s upgrades its outlook on future of Egyptian economy from negative to…
Domestic liquidity in Egyptian banking sector nears EGP 9bn in January 2024: CBE
Deposits in local currency rise by EGP 120bn to EGP 6.367trn
CBE’s interest rate hike sparks reactions from banks
Limited movement in interest rates after first two days of liberalisation
Egypt floats pound, raises interest rates by 6% to tackle inflation
The Central Bank of Egypt (CBE) announced a two-pronged approach on Wednesday,…
Dollar soars to EGP 49.5 on first day of exchange rate liberalisation
The Egyptian pound plunged against the US dollar on Wednesday, as the…