EBC manages and develops various domestic payment ecosystems in Egypt, including the Instant Payments Network (IPN) and the InstaPay application.
12.02.2024
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News by
Ahram Online
The change in the return rate on the NBE certificates of deposit came on Sunday, with the previous interest rate of 19.5 percent rising to 21.5.
08.02.2024
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News by
Egypt Independent
A clean float of currency means leaving the currency price to be determined by supply and demand in the market without any intervention from the CBE.
07.02.2024
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News by
Egypt Independent
The Egyptian government is keen to further its cooperation with the World Bank in managing state-owned companies and enhancing their efficiency.
07.02.2024
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News by
Ahram Online
The Central Bank of Egypt (CBE) announced Monday an increase in the reserves of foreign currencies by about 30 million dollars.
06.02.2024
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News by
Ahram Online
The IMF had postponed reviews of Egypt's current program, agreed upon over a year ago, awaiting authorities to allow a more flexible exchange rate.
05.02.2024
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News by
Egypt Today
CBE stated it has not issued new directives regarding adjustments to the daily withdrawal limit in Egyptian pounds for individuals and corporations.
02.02.2024
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News by
Ahram Online
This adjustment sets the rates at 21.25%, 22.25%, and 21.75% respectively, in a strategic move to curb inflation and stabilize the national economy.
02.02.2024
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News by
See news
NBE has launched a new debit card for customers with US dollar accounts, named Visa Platinum, to facilitate customers' overseas purchases.
02.02.2024
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News by
Ahram Online
The 12-month non-deliverable forward contracts for the Egyptian pound against the US dollar surged to an all-time high of EGP 63.
02.02.2024
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News by
Ahram Online
CBE reduced the daily cash withdrawal limits in Egyptian pounds for corporations and individuals to EGP 150,000, according to a message sent to banks.
01.02.2024
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News by
Ahram Online
The IMF also reduced growth expectations for the year 2025 to 4.7 percent, compared to five percent previously.
01.02.2024
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News by
Egypt Independent
The gap between rates is widening, the rate reaching approximately EGP30.85 in banks and up to EGP68 in the parallel market
31.01.2024
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News by
economy middle east
The UK-based multinational Standard Chartered Bank has officially commenced its banking operations in Egypt.
31.01.2024
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News by
Ahram Online
Egypt's state-owned Banque Misr (BM) has issued a new debit card exclusively for US dollar accounts, named Visa Platinum, enabling account holders.
31.01.2024
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News by
Ahram Online
The initiative aims to support small and medium enterprises (SMEs) in sectors transitioning towards a green economy.
31.01.2024
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News by
solar quarter
Egypt is poised to issue bonds denominated in the UAE dirham, aiming to tap into Gulf markets for the first time.
30.01.2024
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News by
Ahram Online
As of 11 am on January 29, Egypt Today confirmed that the Egyptian pound was trading at 69-73 against the USD in the black market.
30.01.2024
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News by
Egypt Today
The Central Bank of Egypt (CBE) is set to issue EGP 130 billion treasury bills (T-bills) on Tuesday with four different maturities between April 2024
29.01.2024
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News by
Ahram Online
The Egyptian pound’s forward exchange rate against the US dollar for one-year contracts reached a new peak at EGP 54.26 on Tuesday.
25.01.2024
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News by
Ahram Online
