Tag: Foreign currency

Loans granted by banks see EGP 60bn increase in May

The total loans granted by banks to their clients, aside from the…

Daily News Egypt Daily News Egypt

Government policies increase poverty, future for the poor seems bleak: expert

Poverty in Egypt will increase throughout the year, as the government did…

Hisham Salah Hisham Salah

CBE denies any amendments to maximum foreign currency amount allowed to exit Egypt

The recent regulations did not include the foreign exchange, the CBE said…

Hossam Mounir Hossam Mounir

CBE to hold exceptional $1.5bn auction

CBE sold $200m to banks operating in the local market at rate…

Hossam Mounir Hossam Mounir

CBE removes caps on foreign currency deposits, withdrawals for individuals

The central bank has issued new regulations to fund acquisitions

Hossam Mounir Hossam Mounir

CBE decides to raise maximum foreign currency deposit cap to $250,000 monthly

Decision applies only to companies to facilitate import operations of main and…

Hossam Mounir Hossam Mounir

Trade balance deficit increases by 38.8% YoY in July: CAPMAS

Egypt's trade balance continues to face a deficit, despite the state announcements…

Menna Samir Menna Samir

CBE orders banks to accept cash deposits in foreign currency: Industry minister

Accepting cash deposits is a step to restore growth rates in Egyptian…

Shaimaa Al-Aees Shaimaa Al-Aees

Mobinil plans to increase capital next year: CEO

In an interview with Daily News Egypt, Mobinil CEO Yves Gauthier discussed…

Sara Aggour Sara Aggour