The change in the return rate on the NBE certificates of deposit came on Sunday, with the previous interest rate of 19.5 percent rising to 21.5.
08.02.2024
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News by
Egypt Independent
A clean float of currency means leaving the currency price to be determined by supply and demand in the market without any intervention from the CBE.
07.02.2024
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News by
Egypt Independent
The Egyptian government is keen to further its cooperation with the World Bank in managing state-owned companies and enhancing their efficiency.
07.02.2024
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News by
Ahram Online
The Central Bank of Egypt (CBE) announced Monday an increase in the reserves of foreign currencies by about 30 million dollars.
06.02.2024
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News by
Ahram Online
The IMF had postponed reviews of Egypt's current program, agreed upon over a year ago, awaiting authorities to allow a more flexible exchange rate.
05.02.2024
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News by
Egypt Today
CBE stated it has not issued new directives regarding adjustments to the daily withdrawal limit in Egyptian pounds for individuals and corporations.
02.02.2024
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News by
Ahram Online
This adjustment sets the rates at 21.25%, 22.25%, and 21.75% respectively, in a strategic move to curb inflation and stabilize the national economy.
02.02.2024
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News by
See news
NBE has launched a new debit card for customers with US dollar accounts, named Visa Platinum, to facilitate customers' overseas purchases.
02.02.2024
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News by
Ahram Online
The 12-month non-deliverable forward contracts for the Egyptian pound against the US dollar surged to an all-time high of EGP 63.
02.02.2024
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News by
Ahram Online
CBE reduced the daily cash withdrawal limits in Egyptian pounds for corporations and individuals to EGP 150,000, according to a message sent to banks.
01.02.2024
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News by
Ahram Online
The IMF also reduced growth expectations for the year 2025 to 4.7 percent, compared to five percent previously.
01.02.2024
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News by
Egypt Independent
The gap between rates is widening, the rate reaching approximately EGP30.85 in banks and up to EGP68 in the parallel market
31.01.2024
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News by
economy middle east
The UK-based multinational Standard Chartered Bank has officially commenced its banking operations in Egypt.
31.01.2024
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News by
Ahram Online
Egypt's state-owned Banque Misr (BM) has issued a new debit card exclusively for US dollar accounts, named Visa Platinum, enabling account holders.
31.01.2024
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News by
Ahram Online
The initiative aims to support small and medium enterprises (SMEs) in sectors transitioning towards a green economy.
31.01.2024
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News by
solar quarter
Egypt is poised to issue bonds denominated in the UAE dirham, aiming to tap into Gulf markets for the first time.
30.01.2024
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News by
Ahram Online
As of 11 am on January 29, Egypt Today confirmed that the Egyptian pound was trading at 69-73 against the USD in the black market.
30.01.2024
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News by
Egypt Today
The Central Bank of Egypt (CBE) is set to issue EGP 130 billion treasury bills (T-bills) on Tuesday with four different maturities between April 2024
29.01.2024
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News by
Ahram Online
The Egyptian pound’s forward exchange rate against the US dollar for one-year contracts reached a new peak at EGP 54.26 on Tuesday.
25.01.2024
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News by
Ahram Online
Global credit rating agency Moody's has expected the International Monetary Fund (IMF) to increase its existing $3 billion loan programme for Egypt.
23.01.2024
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News by
Ahram Online
