Tag: Central Bank of Egypt

Banks to finish classifying SMEs, microenterprises to be financed by end of August: I-Score head

Nile Rating Company, specialised in SMEs, has merged in I- Score, said…

Hossam Mounir

The United Bank to be sold late 2016, early 2017: chairperson

The CBE received requests from a large number of international institutions to…

Hossam Mounir

EGP 65bn increase in deposits at banks in May

The total volume of deposits at banks operating in the Egyptian market,…

Daily News Egypt

Loans granted by banks see EGP 60bn increase in May

The total loans granted by banks to their clients, aside from the…

Daily News Egypt

Egypt to repay international bonds worth $3bn in December 2016: Finance Ministry

Egypt has other bonds worth $3.5bn that will be repaid in the…

Hossam Mounir

Panic dominates after punishment toughened on currency traders

Employees in exchange companies in the informal market express concern, outrage over…

Mohamed Ayyad

Would shutting down exchange companies solve the US dollar crisis?

Opponents to the proposal point to the companies’ role in securing hard…

Hossam Mounir

Value of 1st IMF tranche not determined yet: Finance Minister

Value of 1st tranche to be determined during coming 4 to 6…

Ahmed Farahat

Egypt, IMF to cut budget deficit to 5.5% during 3-year funding programme

Primary agreement between IMF and Egypt; IMF executive board to determine timing…

Mohamed Ayyad

IMF, Egypt reach agreement on 3-year $12bn extended fund facility

CBE’s aim to move to flexible exchange rate will strengthen competitiveness, says…

Shaimaa Al-Aees