CBE poses exceptional tender for $100m
The tender will cover open currency positions in foreign currency at banks
NBE, Banque Misr, Banque du Caire launch EGP-denominated saving certificates with 20% interest rate, 18-month maturity period
The banks also launced three-year certificates with a 16% interest rate
CBE floats Egyptian pound, raises interest by 3%
The CBE decided on Thursday to let banks in the market set…
Informal US dollar rate expected to drop if banks refrain from accepting foreign exchange
Current procedures by government, CBE target to reduce demands for US dollar, and we should work on increasing…
CBE consideres obliging banks to not accept foreign currency from anonymous sources
The move aims to lay siege to the informal market and crack…
Parliament approves Agriculture Bank Law, moving the bank under CBE’s authority
The Egyptian parliament approved a law that would oversee the transfer of…
Egyptian pound devaluation could cause heavy losses for customers with open currency position
Importers of medicines and commodities priced upon the US dollar’s official rate…
CBE stabilises Egyptian pound’s price against US dollar, ignores market’s expectations again
Analysts ruled out Egyptian pound’s devaluation before 11 November
Emirates NBD launches specialised unit for financing SMEs in Egypt
Emirates NBD announced the establishment of a specialised unit for financing small-…
Misr Financial Investments Company contracts with Hermes, HSBC to offer its Banque du Caire share on EGX
The company will remain the owner of the ruling share in the…