Tag: Central Bank of Egypt

Local, international institutions offer to invest $1.168bn in treasury bills

The bills’ interest rate saw a 40 points increase compared to CBE’s…

Hossam Mounir

Government sought to decrease $60bn bill by ‘banning luxurious products’

Around $26bn of Egyptian imports are categorised as “essential”

Doaa Farid

International foreign reserves ends in 2015 with a slight increase

CBE's international foreign reserves increase by $23m at the end of December

Hossam Mounir

Government plans to borrow EGP 281.5bn from banks in next three months

Banks account for 75.5% of total releases of treasury bills and the…

Hossam Mounir

Stock market expected to decline due to increase in interest rates

Stock exchange to face short wave of profits as a result of…

Mohamed Ahmed

Egypt suffers under weight of excessive importing: Deputy CBE Governor

We spent $76bn on imports last year, of which $16bn did not…

Hossam Mounir

CBE pumped $8.3bn to cover imports between 29 October and 12 December: Amer

The Central Bank of Egypt (CBE) has pumped $8.3bn between 29 October…

Hossam Mounir

Annual inflation rises to 11.8% YoY in November

Figure compares to 8.5% registered in the same period the preceding year

Menna Samir

External debt drops $2bn over 3 months

Rate of increase in bank loans outstrips deposits for first time ever

Hossam Mounir