Central Bank of Egypt (CBE)
Working hours for Egyptian banks during Ramadan 2023
Egypt
March 20, 2023
Working hours for Egyptian banks during Ramadan 2023
The Central Bank of Egypt (CBE) announced that working hours in banks for the banking sector employees during Ramadan 2023…
Egypt’s core inflation skyrocketed to a record 40.26% in February: CBE
Economy
March 11, 2023
Egypt’s core inflation skyrocketed to a record 40.26% in February: CBE
Data from the Central Bank of Egypt (CBE) showed a jump in the core inflation rate reaching 40.26 percent in…
CBE: US$ 4.1 billion in tourism revenues during the first quarter
Business
February 6, 2023
CBE: US$ 4.1 billion in tourism revenues during the first quarter
The Central Bank of Egypt revealed, in the Balance of Payments report, that tourism revenues rose by 43.5 percent to…
Egyptian expats in the US to support home economy with US$2 billion
Business
January 14, 2023
Egyptian expats in the US to support home economy with US$2 billion
The Egyptian community in the United States of America launched the “Be Positive, Egyptian” initiative to support the Egyptian economy,…
CBE announces new measures to control proceeds of gold exports
Egypt
December 19, 2022
CBE announces new measures to control proceeds of gold exports
The Central Bank of Egypt (CBE) issued on Sunday a circular to the banks on the requirements related to controlling…
Bloomberg: PIF prepares to acquire a bank in Egypt
Business
December 13, 2022
Bloomberg: PIF prepares to acquire a bank in Egypt
The Saudi Public Investment Fund is in advanced talks for the acquisition of The United Bank, which is owned by…
Saudi Arabia extends term of US$ 5 billion deposit for CBE
Business
November 30, 2022
Saudi Arabia extends term of US$ 5 billion deposit for CBE
Saudi Arabia extended the term of a US$ 5 billion deposit with the Central Bank of Egypt, the Saudi Press…
Hani Genena reveals April as date of US dollar exchange rate stability
Business
November 12, 2022
Hani Genena reveals April as date of US dollar exchange rate stability
Egyptian economist Hani Genena announced that the Central Bank of Egypt’s increase interest rate by three percent in March came…
Will Egyptian banks offer certificates with 20% interest rate soon?
Business
October 29, 2022
Will Egyptian banks offer certificates with 20% interest rate soon?
The Central Bank of Egypt announced various decisions on Thursday aimed at achieving reform measures to ensure the protection and…
CBE responds to rise in US dollar exchange rate
Business
October 15, 2022
CBE responds to rise in US dollar exchange rate
The Central Bank of Egypt (CBE) issued analysis showed that the US dollar index rose globally by 0.60 percent, benefiting…