Egypt’s net foreign reserves break $45bn, the highest level ever
We need to study the reasons for the high BOP deficit, especially…
Credit facilities by banks fall EGP 35.2bn in July to EGP 1.8trn: CBE
Private sector receives 60.3% of total facilities, industry at the forefront of…
Egypt’s current account records $8.2bn deficit in FY 2018/19: CBE
BOP records 0.1bn deficits, oil trade balance records $8.1m surplus, FDI net…
Banks apply limited interest cuts after CBE slashes basic rates
Most cuts were limited to variable return certificates
Beltone forsees 0.5% interest rate cut in CBE’s coming meeting, 3% cut in 2020
We do not expect pressure on local currency after interest cut, exchange…
Egyptian pound gains 5 piasters against the US dollar despite CBE’s interest rate cut
The average official price of the US dollar at the Central Bank…
Government to issue EGP 582.5bn worth of T-Bills, T-Bonds in Q2 FY 2019/20
Ministry of Finance plans 56 T-Bills auctions worth EGP 528.5bn, 28 T-Bonds…
Banks allocate EGP 122bn to face doubtful debts until June 2019: CBE
Slight increase in non-performing loans at banks in 1H 2019, reaching 4.2%…
CBE authorises 28 banks to provide mobile payment services in Egypt: Amer
Subscribers reach 13.5 million by end-June, with a total value of transactions…
Egyptian banking sector awaits repercussions of interest rate cut
Banks will begin Sunday to discuss the fate of interest on their…