Tag: Central Bank of Egypt

CBE to reveal its foreign exchange reserves this week

Debt repayment to Qatar and Paris Club countries is likely to impact…

Hossam Mounir Hossam Mounir

Government borrows more than EGP 1.1tn through treasury bills and bonds in FY 2015/16

Ministry of Finance reveals its intention to borrow EGP 317.5bn from banks…

Hossam Mounir Hossam Mounir

Banks ignore CBE’s interest rate increase

CBE will not keep current rates and may be reversed in three…

Hossam Mounir Hossam Mounir

CBE governor claims report on IMF loan was incorrect

Reuters reported on Monday that Egypt is negotiating a loan worth $5bn;…

Hossam Mounir Hossam Mounir

Court suspends CBE’s decision to limit tenure of bank heads to 9 years

Tarek Amer, the CBE’s governor, issued a decision at the end of…

Mohamed Ayyad Mohamed Ayyad

Banks keep ignoring CBE’s interest increase

Limited changes seen at NBE, Banque Misr, Banque Du Caire, and IDBE,…

Hossam Mounir Hossam Mounir

ETTA extends deadline for banks’ complaints to Tuesday

Tourism income dropped to $6.1billion in 2015, compared to $7.3bn during 2014

Abdel Razek Al-Shuwekhi Abdel Razek Al-Shuwekhi

Bond yields for 5-year term jump by 0.82%

Ministry of Finance cancels 10-year term bonds initially planned to be issued…

Hossam Mounir Hossam Mounir

Absence of coordinating council in decision to increase interest rates

The CBE’s accompanying report on the decision was issued without Al-Mashat’s signature…

Hossam Mounir Hossam Mounir

Analysts expect EGX to overcome rise of interest rate by reaching 7,480 points

Analysts predicted that purchasing powers will be dominant during the trading session…

Mohamed Ahmed Mohamed Ahmed