Member of EFCBC demands urgent floatation of Egyptian pound to avoid bankruptcy of factories
Shortage of US dollars needed to purchase raw materials threatens existing factories
Cairo airport security confiscates $40,000 from Arab artist before leaving Egypt
Cairo International airport authorities confiscated $40,000 from Lebanese singer Wael Jassar on…
Local market holds breath in anticipation of large devaluation of Egyptian pound
CBE may either offer exceptional US dollar tender or direct banks to…
Egypt’s banking sector is strong and capable of supporting economy, providing funding for projects: banking leaders
Positive effects from the IMF deal can already be seen, says Ozalp
United Bank aims to increase its performing loans to EGP 7bn by year’s end: vice chairperson
We are coordinating with the NBE and Banque Misr to take part…
Blom Bank’s loans portfolio increased by 14% in H1 2016: managing director
The bank injected EGP 680m of loans in six months, despite the…
Fawry contracts with 12 banks for e-payments via mobile phone
We began launching the service with a number of banks and will…
CBE ignores increasing inflation, keeps interest rate unchanged contrary to expectations
With this decision, the interest rate on deposit remains at 11.75% and…
Bank credit facilities increase by EGP 224.7bn over FY 2015/2016: CBE
Private sector accounts for 59.8% of the credit facilities, while industry leads…
$2.8bn payment balance deficit in FY 2015/2016: CBE
Current account deficit reaches $18.7bn, compared to $12.1bn in FY 2014/2015