Usage of cards abroad dropped by 55% following flotation: CBE
Egyptians usage of cards abroad dropped by a value of $223m in…
Net foreign purchases of T-bills jump to $1.15bn in January
Foreign investments in debt instruments is one of the most important sources…
CBE launches initiative to renovate floating hotels and tourism fleets with EGP 5bn, 10% interest
The Central Bank of Egypt (CBE) launched an initiative to subsidise the…
Banks operating in Egypt record EGP 56bn net profits in 2016: CBE
The Egyptian banking sector is powerful and capable of overcoming the effects…
CAPMAS predicts one degree Celsius rise in temperature will lead to 18.2% decline in wheat productivity
In its most recent study on strategic crops in Egypt, the Central…
Egyptian remittances amount to $4.6bn in Q4 2016: CBE
Total remittances sent home from Egyptians working abroad rose during the period…
Gold value increases to $2.45bn in foreign exchange reserves by late January 2017
A report published by the CBE on Sunday revealed that foreign exchange…
Egyptian-Belarusian cooperation protocol to establish heavy transport vehicle factory
The new factory will produce heavy transport vehicles with 60-70% of its…
Reductions in output and new orders stress non-oil private sector: PMI
PMI posted below the crucial mark of 50.0 for the 16th month…
IDWBE negotiates with international companies to reform administrative structure
I assumed chairmanship of the bank in April 2016 with deferred losses…