State of uncertainty over devaluation of Egyptian pound after president meets CBE governor
A senior banker ruled out any move by the CBE before 11…
CBE allocates $1.8bn to cover imports of strategic goods: Supply Minister
Establishment of a committee to set new eligibility standards for food subsidy…
Egyptian bankcards used to complete $2.5bn worth of transactions abroad in FY 2015/2016
Banks have received clear instructions to suspend cards that are being misused,…
5 banks in Egypt account for 71.47% of banking sector’s total profits as of June: CBE
The sheer capital of banks amounts to EGP 100.72bn, with the top…
Banque Misr aims to boost SME loan portfolio to EGP 30bn in next few years
Banque Misr aims to increase the size of its small- and medium-sized…
Non-performing loans fall to 5.9% as of end of June: CBE
Private sector accounts for 70.6% of total loans provided by banks to…
Egypt’s foreign debt in FY 2015/2016 increases by $7.7bn: CBE
The CBE announced on its website that the size of foreign debt…
Prime Minister reveals source of additional $3bn in foreign exchange reserves in September
Egypt received $2bn from Saudi Arabia and $1bn from the World Bank
CBE fixes pound’s price against US dollar on Tuesday, market still awaiting devaluation
Possibility of launching exceptional auction completed ruled out for now, as the…
Inflation down to 1.3% in September, compared to 1.9% in August: CAPMAS
The annual inflation rate in September changed to 14.6%, compared to 16.4%…