Moody's Corporation, the bond credit rating business, has downgraded five Egyptian banks in light of the country's declining debt affordability. The news came after the organisation downgraded the country's sovereign rating.
12.10.2023 Reuters
CBE is expected to reach an agreement with the IMF in early 2024 to peg the pound to a basket of international currencies and gold.
11.10.2023 Ahram Online
The price of the US dollar remained stable against the Egyptian pound on Monday according to the Central Bank of Egypt and other banks. Click to read more about the currency rates.
10.10.2023 Egypt Independent
Several local banks suspended on Monday hard currency cash withdrawals and purchases made outside Egypt using debit cards, as per CBE instructions.
10.10.2023 Ahram Online
The Central Bank of Egypt (CBE) issues LE 46.75 billion in treasury bills and bonds in two installments.
09.10.2023 EgyptToday
Arab African International Bank sent a notice to customers on Wednesday and Arab International Bank sent one on Thursday.
08.10.2023 alarabiya
The International Monetary Fund is “closely” engaging with the Egyptian authorities to achieve the much-delayed review of Egypt’s progress.
08.10.2023 alarabiya
Egypt is required to pay $29.23 billion in external debt service in 2024, with $14.59 billion due in the first half (H1) of the year and $14.63 bln.
04.10.2023 Ahram Online
Egypt’s Social Housing and Mortgage Finance Fund (SHMFF) signed a protocol with QNB Al Ahli, the Egyptian arm of the Qatari QNB Group.
03.10.2023 Ahram Online
The Arab African International Bank (AAIB) has introduced a new savings certificate providing the banking market's highest investment return, as announced in an official statement.
03.10.2023 Egypt Independent
