Banks to receive 1.5-4.75% commission in return for fixed exchange rate for foreign investment
This mechanism allows foreigners to contract with banks on a specific exchange…
CBE reduces term of executive officials in banks to 9 years
The Central Bank of Egypt (CBE) issued on Thursday a decree to…
CBE provides banks with $104.5m, sets US dollar price at EGP 8.78
On Tuesday, the official dollar price in banks was EGP 8.83 for…
Banks granted EGP 1bn for youth-run SMEs with “Your Project” programme
Minister of Military Production Mohamed Al-Assar said the ministry plays a large…
CBE finances purchase of housing for low-income earners with discounted yearly rate
Bank amends mortgage finance initiative, introduces another category of youth
CBE decides to defer tourism sector debts to banks for 3 years
CBE will create unit to contribute to restructure the debts of tourism…
Banks claim sufficient liquidity, technical expertise to finance Suez Canal projects
SCA reveals need to establish 42 investment projects in region, with financing…
Banks introduce restrictions on dollar use abroad
Banks have the right to limit dollar use, in light of the…
We will not put depositors’ money at risk by investing in stock market: Banks
Foreign banks prevent branches from investing in stock market, Egyptian banks resort…