Central Bank of Egypt (CBE)

Central Bank of Egypt offers treasury bills in euro, launches 1st sovereign bond in Egyptian pound
Egypt

Central Bank of Egypt offers treasury bills in euro, launches 1st sovereign bond in Egyptian pound

The Central Bank of Egypt (CBE) announced on Sunday that it will be issuing €600 million in euro-denominated treasury bills…
CBE’s Monetary Policy Committee to convene on November 20
Business

CBE’s Monetary Policy Committee to convene on November 20

The Central Bank of Egypt (CBE) will hold its highly anticipated meeting on Thursday, November 20th. This will be the…
CBE, Foreign Ministry launch ‘Open Your Account in Egypt’ for expats
Business

CBE, Foreign Ministry launch ‘Open Your Account in Egypt’ for expats

The Central Bank of Egypt (CBE) and the Ministry of Foreign Affairs, Immigration, and Egyptian Expatriates Affairs launched the “Open…
US dollar price in Egypt now returns to its true value: Economist 
Business

US dollar price in Egypt now returns to its true value: Economist 

Economist Sherif Awad explained on Friday that the Central Bank‘s one percent interest rate cut will have a positive impact…
Central Bank of Egypt cuts interest rates by 2%
Business

Central Bank of Egypt cuts interest rates by 2%

The Central Bank of Egypt (CBE) decided on Thursday evening to cut interest rates on deposits and lending by 2…
Egypt’s tourism revenues rise by 15.4%: CBE
Economy

Egypt’s tourism revenues rise by 15.4%: CBE

The Central Bank of Egypt (CBE) announced on Tuesday that tourism revenues rose by 15.4 percent to US$ 12.5 billion…
CBE decides to return banks to work at 3 pm instead of 5 pm
Business

CBE decides to return banks to work at 3 pm instead of 5 pm

The Central Bank of Egypt (CBE) announced that banks will resume their normal working hours, until three pm starting Tuesday,…
Egypt and China sign 1st phase of debt-for-development swap program
Business

Egypt and China sign 1st phase of debt-for-development swap program

Minister of Planning, Economic Development and International Cooperation, Rania al-Mashat, and the Chairman of the China International Development Cooperation Agency…
Egypt paid US$ 13.3 billion in interest and installments in 3 months: CBE
Business

Egypt paid US$ 13.3 billion in interest and installments in 3 months: CBE

The Central Bank of Egypt (CBE) announced that Egypt has paid approximately US$13.354 billion in interest and installments on its…
Egypt’s inflation surges at fastest pace this year in May
Business

Egypt’s inflation surges at fastest pace this year in May

Egypt’s urban inflation rate saw its fastest acceleration of the year in May, reaching 16.8 percent year-on-year, up from 13.9…
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