Egypt records 5% average headline urban inflation in 2020: CBE
Real GDP growth records -1.7% in Q2 of 2020, before recovering to…
Egypt’s annual urban headline inflation declines to 5.4% in December 2020: CBE
Subsequent inflation target has been set at average of 7% (±2%) during…
Banks adhere to cash dividends halt in Egypt to support capital base
Decision aims to maintain banking sector’s integrity, take proactive steps to meet…
Central Bank of Egypt explores ways to salvage tourism amid COVID-19 crisis
The Central Bank of Egypt (CBE) Governor, Tarek Amer, has held a…
Central Bank halts cash dividends at banks in anticipation of continued pandemic
Banks will not make cash dividends from profits or retained earnings to…
Egypt’s external debt rises to $125.3bn in September 2020
Long-term dues account for 90.2% of country’s total external debt
Measures adopted by central banks, governments mitigate COVID-19 impact on global economy: CBE
Outlook for near term growth in global economic activity expected to be…
Central Bank of Egypt directs for accelerating financial transfers
Intra bank transfers to be carried out in 2 hours, while interbank…
Egypt’s net international reserves rise to $40.062bn in December 2020
FX reserves increase by about $364m to $35.399bn in December
Central Bank of Egypt issues instructions to manage operating risks at banks
The Central Bank of Egypt (CBE) has issued new instructions regarding the…