Central Bank of Egypt removes foreign currency transfer limits
The move could spur foreign investments to Egypt, says Tarek Amer
Inflation likely to resume rally if government delivers on next round of austerity measures
Research houses expects prices to shoot up again with applying subsidy cuts…
We have not issued any instructions to banks to stop dealing in Qatari riyal: CBE
The Central Bank of Egypt (CBE) denied issuing any instructions to banks…
Egypt’s foreign exchange reserves reach new high
The foreign exchange reserves increased to $31.1bn at the end of May…
CBE completes electronic linking system with COMESA banks
The project is a new positive step towards supporting Egyptian economic relations…
CBE’s decision to raise interest rate continues to stir controversy
The decision was great and emphasised the bank’s determination to activate its…
Improvement witnessed in banking sector deposits growth: Beltone Financial
Commercial banks’ foreign liabilities decreased to $430m in April from $10.7bn in…
Raise in interest rates “slap” for investment in Egypt: CONSTEC executive director
The profit margins of contracting companies range between 4% and 5%, while…
CBE-auto industry committee submits final report to CBE Governor next week
The committee suggests the abolition of intermediary companies between the investor and…
