The CBE also reported a rise in total assets, reaching EGP 6.057trn in June 2024, compared to EGP 4.480trn in June 2023, an increase of EGP 1.6trn.
02.09.2024
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News by
Daily News Egypt
This marks an increase from the previous month’s surplus of $13.02bn (EGP 626.6bn) in June.
02.09.2024
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News by
Daily News Egypt
Arab African International Bank reports its separate financial statements for the first half of 2024 with a net profit of USD 156MM.
01.09.2024
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News by
Egypt Today
This new review involves easing some of the fund’s criteria, and is part of the two reviews the IMF conducts per year before disbursing funds.
29.08.2024
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News by
Egypt Independent
The bank emphasized that it had previously increased the daily withdrawal limit for domestic currency from ATMs to LE30,000 in April.
27.08.2024
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News by
Egypt Independent
31 banks offered bids worth EGP 1.058 trillion on Tuesday, and 100% of the bids submitted by the banks were accepted.
22.08.2024
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News by
See news
Egypt’s overall balance of payments registered a surplus of $ 4.1 billion in the July-March period of the 2023/2024 fiscal year, from a $ 281.9 m.
21.08.2024
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News by
Ahram Online
Egypt will issue a EGP 2 note in FY2024/2025 to facilitate holding the small currency, according to Asharq Business with Bloomberg.
20.08.2024
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News by
Ahram Online
President Abdel-Fattah El-Sisi issued a decree to renew the tenure of Hassan Abdallah as the Central Bank of Egypt's (CBE) acting governor.
20.08.2024
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News by
Ahram Online
The Central Bank of Egypt (CBE) sold on Tuesday 609.8 million euros in euro-denominated treasury bills (T-bills), with a 364-day maturity period.
14.08.2024
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News by
Ahram Online
According to the CBE’s laws, banks are currently required to open accounts for foreign customers who are not residents of Egypt if they requested.
13.08.2024
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News by
Egyptian Streets
CBE directed banks in Egypt to open accounts for foreign clients who are not residents of Egypt, allowing them to benefit from the various services.
12.08.2024
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News by
Ahram Online
EBRD and GCF boost small businesses and green investments in Egypt, with a US$ 20 million loan to Crédit Agricole Egypt.
07.08.2024
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News by
EBRD
Notably, May's surplus was the first since January 2022 when a surplus of EGP 9.674 billion was noted.
05.08.2024
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News by
Egypt Today
This partnership aims to attract new customers from many social segments to support the financial inclusion initiative.
04.08.2024
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News by
Ahram Online
The International Monetary Fund announced the completion of a review that allows Egypt to withdraw $820 million.
04.08.2024
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News by
See news
In a report released last week, the IMF had predicted a 2.7 percent growth in FY2024/2025 and a slightly improved 4.1 percent in FY2025/2026.
01.08.2024
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News by
Egypt Today
The US dollar rate against the Egyptian Pound (EGP) hit its highest level on Wednesday since April.
01.08.2024
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News by
Ahram Online
The roundtable was held a day after the IMF completed the third review of the Extended Fund Facility (EFF) loan program for Egypt.
31.07.2024
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News by
Ahram Online
Egypt says it has shifted to a flexible exchange rate regime, a policy the IMF said on Monday remains "a cornerstone of the authorities' program."
31.07.2024
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News by
Reuters
