Government targets EGP 262bn loan for budget deficit in Q1 of FY 2015/2016
Ministry of Finance to issue treasury bills with EGP 189.5bn and treasury…
Fitch confirms Egypt’s “B” rating, outlook is stable
Budget deficit expected to decrease to 11.6% of GDP in FY15, in…
CBE to offer treasury bills worth $700m
CBE will allow local banks and foreign institutions to subscribe to the…
Egyptian banking sector EGP 2tn in 2014: Fayed
Bank deposits increased 17%-20% over last three years, loans increased by 10%
CBE agrees to cover 50% of foreigners’ money upheld in Egyptian market since 2013
There has been a crisis in upholding foreign traders’ money in the…
Cash reserves fall by $1bn in May: CBE
Government works to attract investments of between $6bn-$8bn by the end of…
CBE controls importers’ manipulations
Banks activate automated “Model 4” to determine real importing demands
Initiative to postpone payment of tourism dues to end of this year
Losses of tourist activity nears $10bn over the past four years, using…
Dollar exchange rate forces increased automotive prices
Sector workers cannot keep up with increase in taxes and customs