Latest Banking News
High prices, inflation increase not behind CBE’s decision to keep pound’s price against US dollar: analysts
The devaluation of the Egyptian pound against the US dollar is one…
CBE stabilises US dollar exchange rate, further confuses market
The Central Bank of Egypt (CBE) stabilised the US dollar exchange rate…
57% of Egypt’s companies are isolated from banks’ finance: EIB chief economist
Despite the progress accomplished by the government, effort is still needed to…
Hike of US dollar strengthens currencies against Egyptian pound
Pound sterling jumps to EGP 16 and euro to EGP 13, while…
Banks obtained $26.8bn from the CBE to finance importing basic commodities from 30 December 2012 until 19 July 2016: CBE
The CBE held 462 regular auctions to sell $19.382bn as well as…
How can Al-Sisi fulfil his promise to solve the US dollar shortage in 170 days?
Stability of the foreign exchange market requires the government and the CBE…
Foreign cash flow must be transferred to banking sector via EGX due to US dollar crisis
Recent amendments aim to keep up with the economic conditions and not…
UAB reviews banking risks in de-Risking Forum
The Union of Arab Banks (UAB) will hold a de-Risking Forum entitled…
NBE gives SUMED $100m to finance project for the trading and storage of petroleum products
The loan will also finance the launch of a quay in Ain…
Keeping things as they are is impossible: CBE governor
There is no intention to float the pound for now; Amer did…
