Egyptian pound continues to decline against US dollar at banks
The currency exchange is governed by supply and demand, says CBE and…
CBE allows banks to direct part of US dollar-denominated proceeds to cover temporary overdrafts on customer accounts
The Central Bank of Egypt (CBE) has allowed banks working in the…
Private construction companies implement projects worth EGP 39.8bn in 2015: CAPMAS
Construction companies in the private sector have implemented projects worth EGP 39.8bn…
Egypt’s consumer spending amounts to $156bn: Visa general manager
Consumer spending in Egypt reached $156bn, though the use of electronic payments…
Visa announces 3 partnerships at Cairo ICT to encourage electronic payments, support SMEs
Visa signed an MoU with FEDCOC, and partnered with ITIDA and Egypt…
13.9% increase in value of Egyptian imports from East Asian countries in 2015
The Central Agency for Public Mobilization and Statistics (CAPMAS) recently issued its…
Do not worry about volatility of exchange rate: bank leaders
Egypt is undergoing a new experience, and stability of the market relies…
Military Production Ministry participates in DSS for first time
The Ministry of Military Production is taking part in the second Defence,…
Manufacturing index decreases by 2.6% during September: CAPMAS
The index of manufacturing (excluding crude oil and petroleum products) fell to…
Flotation of the pound, raising interest rates limit growth of retail banking: banker
Attracting new customers, including university students, and offering modern banking technology are…