Egyptian lenders need billions of dollars to meet demand from businesses starved for dollars.
09.11.2016
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News by
Bloomberg Business
Inflows of hard currency may be slow to arrive, at least in the huge volumes required to eliminate the dollar shortage and bring investors.
08.11.2016
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News by
business Insider
The exchange rate will be set by “supply and demand,” Amer said.
03.11.2016
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News by
Bloomberg Business
Egypt’s economy has been suffering from a shortage of hard currency that officials have said a $12 billion loan from the IMF would help solve.
03.11.2016
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News by
The Daily Star
As previous devaluations show, it is necessary to have a sufficient liquidity shield to maintain control over Forex market.
25.10.2016
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News by
Investing.com
Barclays is thus ending its 150 years of history in Egypt, where it has around 56 branches and 1,500 employees.
06.10.2016
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News by
Zacks
Banque Misr may approve a limited increase of the interest rate on short-term savings funds.
20.06.2016
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News by
Daily News Egypt
Bank collected $500m from foreign currency saving schemes.
23.05.2016
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News by
Daily News Egypt
Annual urban consumer inflation eased for the third consecutive month in March to 9 percent from 9.1 percent in February.
01.05.2016
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News by
Ahram Online
Egypt's public prosecutor is investigating several bureaus accused by the central bank of hoarding dollars.
27.04.2016
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News by
Ahram Online
The central bank will repay $800 million to the Paris Club and the remaining $1 billion it owes to Qatar next July.
05.04.2016
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News by
Ahram Online
The net loans and advances reached EGP13.8 billion at year-end 2015, up 37.4 per cent compared to the previous year.
31.03.2016
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News by
GDN online
The central bank issued a nine-year term limit for banks top executives, described as an effort to revitalize the industry.
25.03.2016
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News by
The Daily Star
CBE, other parties still studying issue of sale, we have not received instructions so far, says El-Kady.
20.03.2016
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News by
Daily News Egypt
Egypt devalued its currency by about 13 percent at a local sale of greenbacks on Monday and said it would adopt a more flexible exchange rate.
16.03.2016
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News by
Bloomberg Business
Tuesday’s auction was the second consecutive day in which the CBE issued an exceptional tender to inject foreign currency liquidity into banks.
16.03.2016
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News by
Star Africa
CBE will hold an exceptional dollar auction for $1.5bn on Wednesday to cover the outstanding debts importers owe to the banks in foreign currency.
16.03.2016
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News by
albawaba
Egypt's foreign currency reserves have declined by more than half since 2011, reaching $16.534 billion in February.
14.03.2016
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News by
Ahram Online
Attijariwafa, which already has a presence in 24 countries, including 14 in Africa, is interested in bidding for the Egypt business.
10.03.2016
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News by
Money Market
The CBE noted that the measures are meant to facilitate individuals’ transactions with banks operating in Egypt.
09.03.2016
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News by
Star Africa
