Tag: CBE

CBE unlikely to extend initiative to settle bad debts

Weak turnout by defaulters, 6 months enough for those who want to…

Hossam Mounir Hossam Mounir

CBE reviews initiative to settle troubled debts: Amer

Initiative includes settlement of debts of 3,500 companies, 337,000 individuals

Hossam Mounir Hossam Mounir

CBE extends initiative to support tourism sector until end-December 2019

The Central Bank of Egypt’s (CBE) board of directors decided to extend…

Hossam Mounir Hossam Mounir

Banks allocate EGP 114.602bn to face doubtful debts end-September: CBE

The ratio of non-performing loans up to 4.4% of total loans in…

Hossam Mounir Hossam Mounir

Inflation includes Brent crude price rising to $76.7: CBE

Government aims to curb overall budget deficit to 8.4% of GDP in…

Hossam Mounir Hossam Mounir

FX Reserves to external debt highest in 6 years: CBE

An additional $12.7m new increase in FX reserves, reaching $44.513bn by the…

Hossam Mounir Hossam Mounir

CBE officials unveil reason to end mechanism of foreign investors funds’ transfers

Removal of limits on FX transactions restore confidence in banking sector: Negm

Daily News Egypt Daily News Egypt

Market welcomes CBE’s decision to end foreign investors funds repatriation mechanism

Decision planned since flotation in November 2016, we aim to direct investment…

Hossam Mounir Hossam Mounir

EGP liberalisation eliminated all FX shortage

Egypt's payments balance achieved overall surplus of $12.8bn, 5.1% of GDP for…

Hossam Mounir Hossam Mounir

FocusEconomics forecast CBE cut overnight deposit rate to 14.25% in CY 2019, 11.71% in CY 2020

Total investment to grow10.5% in FY 2019, 9.9% in FY 2020

Mohamed Samir Mohamed Samir