Arab African International Bank awarded sponsorship of El Gouna Squash Open amid fierce competition: Hassan
El Gouna Open has become one of eight major international squash tournaments,…
CBE grants banks $118.7m, returns to quota in Tuesday’s auction
Banks were granted this amount at a price of EGP8.78 to the…
Meetings to determine fate of closed companies, restore stability to exchange market
CBE signed a penalty on the violating companies, which are ready to…
Steep decline expected in dollar exchange rate on informal market Tuesday
Importers stopped buying dollars and the dollar’s valye will decline by EGP…
CBE poised to lift interest on pound
The Monetary Policy Committee is holding its third meeting this year on…
UAE to support Egypt’s foreign exchange reserves with $2bn funding: Abu Dhabi crown prince
The CBE announced that the balance of the foreign exchange reserves increased…
High interest rate hinders banks in Egypt from obtaining foreign loans
Foreign institutions require high return interest rates of 5.5%, which is unsuitable…
Egyptian Arab Land Bank to reassess asset holdings in period of transition: Deputy Chairman Al-Sharqawi
The bank plans to transfer EGP 5bn in assets to a real…
Financing is most important requirement for developing SMEs: UAB
CBE initiatives target facilitating required financing for these projects, says CBE deputy…