Tag: CBE

Government borrows more than EGP 1.1tn through treasury bills and bonds in FY 2015/16

Ministry of Finance reveals its intention to borrow EGP 317.5bn from banks…

Hossam Mounir

Banks ignore CBE’s interest rate increase

CBE will not keep current rates and may be reversed in three…

Hossam Mounir

Banks begin monitoring debit card transactions abroad

Misused debit cards will be suspended immediately, says the head of one…

Hossam Mounir

CBE governor claims report on IMF loan was incorrect

Reuters reported on Monday that Egypt is negotiating a loan worth $5bn;…

Hossam Mounir

Court suspends CBE’s decision to limit tenure of bank heads to 9 years

Tarek Amer, the CBE’s governor, issued a decision at the end of…

Mohamed Ayyad

Banks keep ignoring CBE’s interest increase

Limited changes seen at NBE, Banque Misr, Banque Du Caire, and IDBE,…

Hossam Mounir

ETTA extends deadline for banks’ complaints to Tuesday

Tourism income dropped to $6.1billion in 2015, compared to $7.3bn during 2014

Abdel Razek Al-Shuwekhi

CBE launches new website

The new website is the first electronic index for supervisory instructions, says…

Hossam Mounir

Bond yields for 5-year term jump by 0.82%

Ministry of Finance cancels 10-year term bonds initially planned to be issued…

Hossam Mounir