Latest Banking News
Banks obtained $26.8bn from the CBE to finance importing basic commodities from 30 December 2012 until 19 July 2016: CBE
The CBE held 462 regular auctions to sell $19.382bn as well as…
How can Al-Sisi fulfil his promise to solve the US dollar shortage in 170 days?
Stability of the foreign exchange market requires the government and the CBE…
Foreign cash flow must be transferred to banking sector via EGX due to US dollar crisis
Recent amendments aim to keep up with the economic conditions and not…
UAB reviews banking risks in de-Risking Forum
The Union of Arab Banks (UAB) will hold a de-Risking Forum entitled…
NBE gives SUMED $100m to finance project for the trading and storage of petroleum products
The loan will also finance the launch of a quay in Ain…
Keeping things as they are is impossible: CBE governor
There is no intention to float the pound for now; Amer did…
Turkish central bank cuts rates after failed coup
Turkish stocks and the lira have remained under selling pressure after a…
CBE stabilises Egyptian pound against the US dollar at EGP 8.78
The CBE sold roughly $118.6bn to the banks through its tender.
Europeans shop for convenience as e-payments skyrocket
Europeans ‘touched to pay’ three billion times in the last 12 months,…
CBE denies any amendments to maximum foreign currency amount allowed to exit Egypt
The recent regulations did not include the foreign exchange, the CBE said…