Tag: Foreign currency

Egypt finalizes overhaul of 12 Spanish trains for service deployment

Deputy Prime Minister for Industrial Development and Minister of Industry and Transport,…

Daily News Egypt

CBE reports EGP 133.4bn in net profits for February 2025

The Central Bank of Egypt (CBE) recorded a net profit of EGP…

Hossam Mounir

CBE joins Pan-African Payment and Settlement System

As part of Egypt’s efforts to deepen economic collaboration with African nations,…

Hossam Mounir

Fitch Ratings raises Egypt’s long-term foreign-currency rating to ‘B’ with stable outlook

Fitch Ratings has upgraded Egypt's Long-Term Foreign-Currency Issuer Default Rating (IDR) to…

Shaimaa Al-Aees

Banks’ commitment to foreign currency requirements for import

Through its distinguished monetary policy and wise decisions, the Central Bank of…

Mohamed Abdel Aal

CBE authorizes banks to open financial inclusion accounts

The Central Bank of Egypt (CBE) has granted banks permission to open…

Hossam Mounir

Egyptian remittances increase 32.4% to $15.5bn in 7M 2024: CBE

The Central Bank of Egypt (CBE) revealed that Egyptian expatriates’ remittances increased…

Hossam Mounir

3 Egyptian exchange companies surpass EGP 15bn in foreign currency collections post-liberalisation

Since the liberalisation of the exchange rate, three exchange companies have collectively…

Daily News Egypt

Foreign currency inflows rise in banks, exchange offices following EGP liberalisation

Average dollar value decreases by EGP 1.7 from its peak after flotation,…

Hossam Mounir

Egypt plans to launch company to export, rent property in foreign currency

The Egyptian government plans to set up a company to handle the…

Daily News Egypt