He argues higher interest rates would not benefit the national economy, banks, or individuals, nor would they aid in achieving inflation targets.
11.12.2023
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News by
Daily News Egypt
The exchange rate of the Egyptian currency will remain within the range of 31 pounds to the dollar at the beginning of next year.
10.12.2023
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News by
Egypt Independent
As Egypt explores the possibility of introducing its digital pound, here are 10 essential facts that readers need to know about this.
Papers by
Egypt Business Directory
In October, Egypt's NIR also witnessed a growth, to reach $35.1 billion compared to $34.97 billion in September, as reported by the CBE.
08.12.2023
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News by
Egypt Today
The IMF is currently discussing with Egyptian authorities providing additional financing to ensure the successful implementation of the policy package
08.12.2023
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News by
Ahram Online
AUC announced that Sherif Kamel, dean of the School of Business Administration, has joined the Board of Directors of the CBE.
07.12.2023
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News by
Ahram Online
Egypt is also considering issuing a second “sukuk” tranche and issuing sustainability bonds ranging from $500 million to one billion dollars next year
07.12.2023
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News by
Egypt Independent
Kristalina Georgieva expects the fund to increase the value of the loan provided to Egypt due to the impact of external factors on its economy.
06.12.2023
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News by
Ahram Online
IFC partnered with Al Baraka Bank Egypt to offer $50 million in finance for Egyptian micro, small and medium-sized enterprises.
06.12.2023
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News by
Ahram Online
CBE sold on Monday $990 million in USD-denominated treasury bills (T-bills) with a one-year maturity, according to the bank’s website.
06.12.2023
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News by
Ahram Online
During November, the dollar recorded successive jumps in black market transactions, reaching 52 pounds due to a sudden increase in demand.
03.12.2023
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News by
Egypt Independent
Shawky pointed out that before coronavirus pandemic, Egypt’s foreign currency reserve amounted to about $45 billion.
03.12.2023
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News by
Egypt Independent
The UAE has renewed a $1 billion deposit at the Central Bank of Egypt (CBE) for three years to 1 July 2026 instead of 1 July 2023.
01.12.2023
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News by
Ahram Online
EBRD is seeking the acquisition of minority stakes in state-owned financial institutions earmarked for privatization in Egypt.
30.11.2023
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News by
Ahram Online
The AfDB loan will help Egypt’s goal of attracting $3 billion in financing by the year’s end to bridge a $17 billion financing gap over 4 years.
30.11.2023
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News by
Egypt Today
The African Development Bank (AfDB) approved a $131 million loan to Egypt with the aim of bolstering the government’s efforts to boost private sector.
29.11.2023
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News by
Ahram Online
