Tag: CBE

Al-Sisi appoints Fakhry Elfiky as CBE’s board member

Elfiky has a 35-year international experience in the fields of economic and…

Daily News Egypt Daily News Egypt

New Banking Law prohibits establishment or operation of platforms for issuing, circulating e-currencies without license

Law grants CBE's board right to issue regulation, circulation, dealing rules  with…

Hossam Mounir Hossam Mounir

CBE encourages banks to invest in funds for emerging small businesses

Decision comes complementary to previous efforts by CBE to support MSMEs, says…

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Banks’ credit facilities see EGP 206.7bn increase in last 8 months: CBE

Private enterprise sector denominates 60.8% of total facilities, with industry in lead

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New Banking Law requires 25 banks, 4 foreign branches to raise capital

Banks such as IDB, ABE, ELAB,  EBE do not fall under the…

Daily News Egypt Daily News Egypt

US dollar loses over EGP 1 of its value since start of year

Expectations for US dollar to reach EGP 16.5

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Egypt’s foreign trade reaches $47.8bn in second half of 2018: CBE

Fourteen countries account for 60.62% of Egypt’s foreign trade volume, led by…

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Banking draft law will not impose term limits on state-owned banks’ board members: source

The source explained, in a statement to the Middle East News Agency,…

Daily News Egypt Daily News Egypt

Pundits expect CBE to hold interest rates unchanged on Thursday

April's inflation slowdown is temporary, may pick up again by end-May: analysts,…

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