We have not issued any instructions to banks to stop dealing in Qatari riyal: CBE
The Central Bank of Egypt (CBE) denied issuing any instructions to banks…
Egypt’s foreign exchange reserves reach new high
The foreign exchange reserves increased to $31.1bn at the end of May…
CBE completes electronic linking system with COMESA banks
The project is a new positive step towards supporting Egyptian economic relations…
CBE’s decision to raise interest rate continues to stir controversy
The decision was great and emphasised the bank’s determination to activate its…
Improvement witnessed in banking sector deposits growth: Beltone Financial
Commercial banks’ foreign liabilities decreased to $430m in April from $10.7bn in…
Raise in interest rates “slap” for investment in Egypt: CONSTEC executive director
The profit margins of contracting companies range between 4% and 5%, while…
CBE-auto industry committee submits final report to CBE Governor next week
The committee suggests the abolition of intermediary companies between the investor and…
CBE calls on banks to introduce credit-rating system to evaluate micro-financing institutions
We have been studying ways to strengthen this sector, which is one…
Banks ignore CBE decision to raise interest, keep rates unchanged
Next increase may be on short-term vessels, interest on certificates will not…
Interest rate hike aims to help build up international reserves: Arqaam Capital
IMF welcomed the step, saying it aims at the welfare of the…
