Egypt is set to receive a $1.2 billion disbursement from the International Monetary Fund (IMF) in January as part of its $8 billion programme.
07.01.2025
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News by
Ahram Online
The Central Bank of Egypt (CBE) announced on its website that it sold $840 million in USD-denominated treasury bills (T-bills) with a 364-day maturity
01.01.2025
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News by
Ahram Online
Al-Mashat explained that the main goals of the Private Sector Development and Economic Diversification Program are twofold.
31.12.2024
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News by
Egypt Today
CBE kept the daily and monthly maximum limits for transactions on prepaid cards and mobile payment services as stated in November.
30.12.2024
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News by
Ahram Online
Since 2020, Egypt has been navigating economic challenges exacerbated by global disruptions, including the pandemic and rising inflation.
29.12.2024
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News by
Waya
HC Securities & Investments expected the CBE to keep the current interest rates unchanged despite recent inflation readings.
26.12.2024
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News by
Ahram Online
This is in line with the IMF’s fourth review to reach EGP 50.97/$1 for selling and EGP 50.83/$1 for buying.
25.12.2024
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News by
Ahram Online
The US dollar reached its highest level on Monday against the Egyptian pound since March of this year, reaching EGP 51.14, according to the CBE.
24.12.2024
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News by
Ahram Online
This strategic partnership aims to bolster ACC’s ongoing and future projects in Egypt and the GCC region, reinforcing the shared commitment of both.
24.12.2024
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News by
Al motawwer
Governor of the Central Bank of Egypt Hassan Abdallah emphasized the importance of enhancing the financial stability and resilience of the Arab banks.
23.12.2024
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News by
Ahram Online
The United Bank (UB) of Egypt announced on its website that the bank’s ordinary shares began trading on Tuesday on the Egyptian Stock Exchange (EGX).
11.12.2024
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News by
Ahram Online
The pound has traded within a narrow range just short of 50 to the dollar since Egypt signed an $8 billion financial support package with the IMF.
08.12.2024
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News by
Middle east monitor
The CBE had earlier introduced revised guidelines for its weekly main deposit operations, previously conducted through fixed-rate tenders.
04.12.2024
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News by
Egypt Today
The government is making intensive efforts to facilitate the entry of investors into the Egyptian market.
02.12.2024
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News by
See news
The dollar's value fluctuated between 4 to 5 percent ($1/EGP 47 to $1/EGP 49) after the country adopted a flexible exchange rate in March.
02.12.2024
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News by
Ahram Online
President Abdel-Fattah El-Sisi has issued a decree appointing the Central Bank of Egypt (CBE) board of directors, chaired by Hassan Abdullah.
01.12.2024
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News by
Ahram Online
The United Bank has set ambitious targets for its net profit, aiming to reach 3.071 billion LE by the end of 2025, 3.821 billion in 2026.
27.11.2024
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News by
Egypt Today
Arab African International Bank (AAIB) issued Sunday a landmark $500 million sustainability bond to accelerate Egypt’s green transition.
26.11.2024
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News by
Ahram Online
This substantial growth is attributed to the transformation of Al-Ahli United bank into an Islamic bank following its Acquisition by Kuwait Finance.
26.11.2024
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News by
MENAFN
The statement further indicated that total equity rose to LE 162.413 billion, compared to LE 150.667 billion in September.
25.11.2024
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News by
Egypt Today
