EGP devaluation is credit positive for banks: Moody’s
Moody’s forecast of Egypt’s economic growth is lower than the government’s predictions
Negligence of foreign currency resources aggravates ballooning dollar crisis
A decline in revenues from tourism, FDI, the Suez Canal and Egyptian…
CBE grants banks $118.7m, returns to quota in Tuesday’s auction
Banks were granted this amount at a price of EGP8.78 to the…
Meetings to determine fate of closed companies, restore stability to exchange market
CBE signed a penalty on the violating companies, which are ready to…
CBE poised to lift interest on pound
The Monetary Policy Committee is holding its third meeting this year on…
EFSA proposes financial services companies be involved in CBE microfinance initiative
Financial services companies with experience in financing small businesses can link banks…
High interest rate hinders banks in Egypt from obtaining foreign loans
Foreign institutions require high return interest rates of 5.5%, which is unsuitable…
Banks lack clear vision in application of capital conservation buffer ratio
The capital conservation buffer ratio is intended to strengthen a bank's main…
IMF ‘praises’ Egypt’s efforts to improve customs: Finance Ministry
The Egyptian government requested an evaluation from the fund
Amer denies plans to devalue Egyptian pound after its price falls in informal market
While the dollar is scarce, trader's speculation has also driven inflation, says…