Tag: Central Bank of Egypt

Offering United Bank for sale still pending: chairman

CBE, other parties still studying issue of sale, we have not received…

Hossam Mounir Hossam Mounir

CBE governor claims responsibility for reduction of pound’s value against dollar

In a meeting with the CBE deputy governor and various banking officials,…

Hossam Mounir Hossam Mounir

CBE’s SME funding initiative met with doubt

The initiative conflicts with other government lending initiatives because of its low…

Shaimaa Al-Aees Shaimaa Al-Aees

JP Morgan expects further EGP devaluation, IMF loan deal

The US firm expects higher interest rates

Daily News Egypt Daily News Egypt

CBE sells $1.5bn to cover portion of temporary credit facilities to importers

Banks are required to redeposit amounts obtained in the CBE auction with…

Hossam Mounir Hossam Mounir

The difficult question of the dollar crisis

Many have raised questions about the reason behind the dollar crisis. Fortunately,…

The automotive sector’s shaky road

The Egyptian automotive market can be described in three terms: "suffered, suffering…

Mohamed Aboul-Fotouh Mohamed Aboul-Fotouh

Is the CBE the only player to blame for the dollar crisis?

In a recent press conference, prominent economist and chief economic adviser at…

Sara Aggour Sara Aggour

CBE to hold exceptional $1.5bn auction

CBE sold $200m to banks operating in the local market at rate…

Hossam Mounir Hossam Mounir