A recent report by CBE revealed that the money supply recorded EGP 1.692trn in November, compared to EGP 1.382trn in December 2021.
03.01.2023
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News by
Daily News Egypt
The CBE announced that it would begin a process of phasing out letters of credit system for import finance by the end of December.
30.12.2022
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News by
Ahram Online
The bank estimates to achieve a net income of EGP 4.032 billion in 2023.
30.12.2022
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News by
Zawya
In alignment with EBI's strategy for developing the human capital in the Egyptian banking ecosystem.
28.12.2022
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News by
Zawya
The bank had observed "illegal practices related to the foreign exchange market" and illegal attempts to make quick profits, its statement said.
27.12.2022
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News by
Reuters
The limits on cash withdrawals in foreign currency were lifted for expats who need the cash for medical treatment or education.
27.12.2022
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News by
Ahram Online
The bank does not plan issuing higher savings certificates in the present time.
27.12.2022
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News by
Egypt Independent
The growth came thanks to an increase in budget revenues by 15.6% during the first quarter of the current fiscal year.
25.12.2022
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News by
Egypt Today
Many central banks abroad have now signaled that inflation rates may have peaked and begun to decline.
24.12.2022
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News by
Egypt Independent
The WB announced on Friday $500 million in financing dedicated to expanding and strengthening Egypt’s flagship Takaful and Karama social safety.
24.12.2022
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News by
Ahram Online
Analysts had expected that the MPC would raise the interest rates by a maximum of 2 percent (200 bps) to rein in inflation.
23.12.2022
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News by
Ahram Online
Underlie is an open banking platform, which offers application programming interfaces (APIs) to banks and businesses.
23.12.2022
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News by
Retail Banker International
The Central Bank of Egypt (CBE) has set new measures meant to ban the fraudulent and abusive use of credit and debit cards outside the country.
23.12.2022
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News by
Ahram Online
Real Estate Investment Fund 1 signed a deal to purchase commercial real estate assets from Talaat Moustafa Group in Al-Rehab City and Madinaty.
22.12.2022
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News by
Daily News Egypt
The median forecast in a poll of 12 analysts is for the bank to raise its deposit rate to 15.25% and its lending rate to 16.25%.
22.12.2022
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News by
Reuters
The bank noted that the loan would promote diversification and enhancement of the company’s value chain by adding new suppliers from private sector.
21.12.2022
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News by
Zawya
The Egyptian government filed for the new IMF loan in March to address the severe impacts of the Russian-Ukrainian war on the country’s economy.
21.12.2022
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News by
Ahram Online
A heavily managed exchange rate has not served Egypt well. It has led to periods of building imbalances.
20.12.2022
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News by
Egypt Independent
CBE is not responsible for backing such initiatives, but it is a must that the government offers backing to such sector.
20.12.2022
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News by
Egypt Today
The bank's net income from returns grew by 19% annually in Q3-22.
19.12.2022
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News by
Zawya
