NFAs improved to a negative 494.3 billion Egyptian pounds from a negative 541.5 billion in November.
02.02.2023
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News by
Reuters
The central bank raised rates by a larger-than-expected 300 bps at its last meeting on Dec. 22 and by 200 bps at a surprise meeting on Oct. 27.
01.02.2023
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News by
Reuters
Many banks within Egypt were trading at 30 Egyptian pounds for $1 earlier this month.
31.01.2023
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News by
Greenwich time
Proceeds from the 25 percent and 22.5 percent saving certificates of deposit offered by Banque Misr and the NBE garnered EGP 460 billion in a month.
31.01.2023
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News by
Ahram Online
Egypt aims to benefit from the areas that fall within the various activities of the bank, including supporting sustainable development.
31.01.2023
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The search rates of citizens who wish to purchase the new Certificates of Deposit (CDs) with a return of 25 percent introduced recently have increased
26.01.2023
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News by
Egypt Independent
The EGX weekly report stated that the CIB's share increased 9.5% and accounted for 19.5% of the transactions, at a value of EGP 2.5bn.
23.01.2023
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News by
Daily News Egypt
The Central Bank of Egypt (CBE) is set to offer treasury bills (T-bills) with a combined value of EGP 35 billion through two auctions on Sunday.
22.01.2023
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News by
Ahram Online
Of this amount, EGP 120 billion for Banque Misr and the rest for the National Bank of Egypt (NBE).
19.01.2023
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The addition of the new currencies brought the total number of currencies listed by the Russian Central Bank at official daily rates to 43.
19.01.2023
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Inertia Egypt CEO Ahmed El-Adawy reiterated the importance of supporting the real estate segment by the banking sector.
19.01.2023
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News by
Zawya
The conditions are that the funds are to be spent at the end of the period, or 22.5 percent interest rate to be spent monthly.
18.01.2023
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News by
Egypt Independent
The report pointed out that the Egyptian currency may remain under pressure in 2023 due to the accumulation of imports.
18.01.2023
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According to the CBE’s statement, it has covered more than two billion dollars of requests from Egyptian importers during the past three days.
18.01.2023
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News by
Egypt Independent
Annual headline urban inflation recorded an average of 13.9% in 2022 compared to 5.2% in 2021.
18.01.2023
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News by
Daily News Egypt
The issuance of these CDs aimed to contain the rising inflation, which is the highest in four years, by encouraging savings.
17.01.2023
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News by
Ahram Online
MP Ahmed al-Banna said that Egypt’s food security has faced successive crises, starting with the coronavirus pandemic.
17.01.2023
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News by
Egypt Independent
The Egyptian pound weakened to as low as 32.20 to the dollar on Wednesday from 27.60 at the open of trade.
15.01.2023
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News by
Reuters
The US dollar price started with a surge recording LE 32, and then decreased to LE 29.67 on Wednesday.
13.01.2023
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News by
Egypt Today
The Egyptian pound weakened to as low as 32.20 to the dollar on Wednesday from 27.60 at the open of trade. It has since rebounded to 30.55 on Thursday
13.01.2023
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News by
Reuters
