Tag: Central Bank of Egypt

HC expects CBE’s MPC to keep interest rates unchanged

New electricity, fuel prices will hike monthly inflation: Saada

Hossam Mounir

BOP overall deficit records $351.2m in July/March of FY 2018/19

The CBE revealed that the current account deficit registered $7.6bn and the…

Daily News Egypt

CBE confirms strength of banks’ financial positions by end of 1st quarter of this year

The CBE noted that banks secured provisions of 98% of total NPLs…

Hossam Mounir

New Era for Egypt: Ban on cryptocurrencies to be lifted

Egypt’s ban of cryptocurrencies is due to be lifted, meaning companies that…

Daily News Egypt

CBE allocates EGP 50bn for mortgage finance for middle-income people

A mini committee was formed including representatives of the CBE, banks operating…

Shaimaa Al-Aees

Al-Sisi appoints Fakhry Elfiky as CBE’s board member

Elfiky has a 35-year international experience in the fields of economic and…

Daily News Egypt

New Banking Law prohibits establishment or operation of platforms for issuing, circulating e-currencies without license

Law grants CBE's board right to issue regulation, circulation, dealing rules  with…

Hossam Mounir

Banks’ credit facilities see EGP 206.7bn increase in last 8 months: CBE

Private enterprise sector denominates 60.8% of total facilities, with industry in lead

Hossam Mounir

New Banking Law requires 25 banks, 4 foreign branches to raise capital

Banks such as IDB, ABE, ELAB,  EBE do not fall under the…

Daily News Egypt

US dollar loses over EGP 1 of its value since start of year

Expectations for US dollar to reach EGP 16.5

Hossam Mounir