Tag: CBE

Banks provided financing worth EGP17bn to SMEs and micro enterprises in 9 months: CBE

The recent issuance of certificates has attracted new deposits from outside the…

Hossam Mounir

Local and international organisations propose investing $1.31bn in treasury bills

Local and international organisations proposed investing $1.31bn in a treasury bills tender…

Hossam Mounir

US dollar exceeds EGP 18 at CBE for first time since flotation

Analysts play down impact of recent terrorist events on future of the…

Hossam Mounir

CBE signs 18bn yuan bilateral currency swap agreement with Chinese central bank

The agreement will lead to a decline in demand on the dollar…

Hossam Mounir

Egypt’s foreign exchange reserves likely to decline by $3bn in mid-December

On 17 December, Egypt must pay $3bn for bonds issued on global…

Hossam Mounir

Foreign exchange reserves increase by $4bn to reach $23bn as of end of November

The Central Bank of Egypt (CBE) announced that its foreign exchange reserves…

Hossam Mounir

Industry Ministry, CBE seek provision of soft loans for industrial companies

Committee to be formed to determine mechanisms and procedures of providing funding…

Shaimaa Al-Aees

18 million people require microfinance in Egypt: former CBE governor

We need about EGP 54bn to finance 3.6 million families living below…

Hossam Mounir

SMEs acquire 10% of HDB’s loan portfolio until September 2016: chairperson

The bank aims to increase the funding of such projects to 20%…

Hossam Mounir

Trade exchange between Egypt and outside world falls to $75bn in FY 2015/2016: CBE

Imports decline by $4.99bn, exports down by $3.54bn

Hossam Mounir