CBE allocates EGP 1.2bn to finance unpaid natural gas bills of ceramic companies
Allocation comes as part of industrial private sector initiative
Egypt sees remittances grow to $29.6bn in 2020: CBE
Increase of $529.2m in such transfers recorded from October to December 2020
CBE reveals developments in commodity prices during February 2021
Annual food inflation remained broadly stable at -0.5% for second consecutive month
Financial position of banks in Egypt approaches EGP 7trn in October 2020: CBE
Banks’ total capital reaches EGP 174.592bn, reserves EGP 314.082bn, provisions to nonperforming…
CBE leads entrepreneurship in Egypt with NilePreneurs initiative
Despite challenges, Egypt is striving to create comprehensive national innovation system
Egypt launches foreign exchange trading with instant settlement system on 22 March
New system shortens time frame to execute payments in foreign currencies between…
Egypt’s foreign debt rises to $125.3bn in September 2020: CBE
Net foreign assets increase by EGP 125.9bn within four months
Egypt’s net international reserves increase to $40.2bn in February: CBE
FX reserves increase by about $363m to $35.905bn in February
Net foreign assets in Egypt banking sector up EGP 10.7bn in January: CBE
EGP 32.73bn increase in local currency deposits, foreign currency deposits rise to…
CBE leads banking sector’s major role in supporting Egypt’s digital transformation efforts
Bankers, experts forecast e-payments will grow significantly in coming period