Tag: Central Bank of Egypt

CBE completes electronic linking system with COMESA banks

The project is a new positive step towards supporting Egyptian economic relations…

Hossam Mounir Hossam Mounir

CBE’s decision to raise interest rate continues to stir controversy

The decision was great and emphasised the bank’s determination to activate its…

Hossam Mounir Hossam Mounir

Improvement witnessed in banking sector deposits growth: Beltone Financial

Commercial banks’ foreign liabilities decreased to $430m in April from $10.7bn in…

Mohamed Samir Mohamed Samir

Raise in interest rates “slap” for investment in Egypt: CONSTEC executive director

The profit margins of contracting companies range between 4% and 5%, while…

Shaimaa Al-Aees Shaimaa Al-Aees

CBE-auto industry committee submits final report to CBE Governor next week

The committee suggests the abolition of intermediary companies between the investor and…

Ahmed Amer Ahmed Amer

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…

Hossam Mounir Hossam Mounir

Banks ignore CBE decision to raise interest, keep rates unchanged

Next increase may be on short-term vessels, interest on certificates will not…

Hossam Mounir Hossam Mounir

Interest rate hike aims to help build up international reserves: Arqaam Capital

IMF welcomed the step, saying it aims at the welfare of the…

Elsayed Solyman Elsayed Solyman

Raising interest on the pound is for the benefit of all: CBE governor

The CBE does not consider specific entities when making decisions, Amer said…

Hossam Mounir Hossam Mounir

Investors believe raising interest rate is wrong, expert says it could control the economic situation

The Monetary Policy Committee (MPC) announced on Sunday raising the discount rate…

Hisham Salah Hisham Salah