Contrary to market expectations, CBE fixes US dollar price in its regular auction
The bank directed the auctioned US dollar to cover imports of pharmaceutical…
Health sector requires $2.6bn annually from foreign exchange: Prime Minister
Pharmaceutical factories must continue to work at full capacity to cover local…
CBE did not submit data we requested on EGP 200bn initiative: parliament SMEs Committee
We have yet to know the total allocated amounts and the map…
Egypt’s banking sector is strong and capable of supporting economy, providing funding for projects: banking leaders
Positive effects from the IMF deal can already be seen, says Ozalp
The CBE’s strategy to encircle imports failed to save dollars
Egypt’s economy is linked to a number of imported raw materials, says…
CBE ignores increasing inflation, keeps interest rate unchanged contrary to expectations
With this decision, the interest rate on deposit remains at 11.75% and…
Bank credit facilities increase by EGP 224.7bn over FY 2015/2016: CBE
Private sector accounts for 59.8% of the credit facilities, while industry leads…
$2.8bn payment balance deficit in FY 2015/2016: CBE
Current account deficit reaches $18.7bn, compared to $12.1bn in FY 2014/2015
PBDAC can reach nearly half the Egyptian population if properly supported by the government, CBE: Elkosayer
Depletion of foreign exchange resources is a major problem limiting the economy,…
What are the challenges facing the Egyptian economy in the eyes of dealers?
Chief financial officers and heads of treasury sectors at banks (dealers) are…