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central bank of egypt

central bank of egypt latest

Egypt Is Expected to Cut on Interest Rates by 50 Basis Points Next Week
December 23rd, 2019 - 04:53 GMT

Egypt Is Expected to Cut Interest Rates by 50 Basis Points Next Week

A report issued by the Research Department of HC Securities and Investment expected that the Central Bank of Egypt (CBE)’s monetary policy committee (MPC) will cut interest rates by 50 basis points during its next meeting scheduled for next Thursday. Asharq Al-Awsat received a copy of the report, which cited Monette Doss, equity analyst in the Macro and Banking Sector at HC, as saying that monthly headline inflation declined in ...
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The central bank cut rates after inflation figures fell to their lowest in more than six years.
September 28th, 2019 - 03:00 GMT

Egypt’s Central Bank Cuts Interest Rates for the Second Time

Financial inclusion should be given great attention by the central banks
September 18th, 2019 - 12:00 GMT

IMF: Arab Countries Need to Provide More than 28 Million Jobs in 7 Years

Last month, the Central Bank of Egypt (CBE) cut the overnight deposit rate by 150 basis points to 14.25 percent.
September 3rd, 2019 - 07:00 GMT

Egypt Cuts Interest Rates to Ease Pressure on Budget

Egypt's oil trade balance achieved for the first time in four years a surplus of $150.8 million. (Shutterstock)
April 2nd, 2019 - 07:59 GMT

Egypt's Oil Trade Balance Achieves Surplus of $150.8 Million

The repayments will create greater demand for the US currency in the local market. (Shutterstock)
February 4th, 2019 - 08:35 GMT

Higher Demand for the Dollar in Egypt Due $14.7 Billion Debt Repayment

The remittances are among the most important foreign exchange (FX) resources in Egypt. (Shutterstock)
January 30th, 2019 - 09:20 GMT

Remittances of Egyptian Expats Exceed $23 Billion in 2018

So far $8 billion has reached Egyptian coffers. (Shutterstock)
October 22nd, 2018 - 06:05 GMT

Egypt's Economy Is Improving, but IMF Obligations Remain

The government announced earlier that it plans to raise a stake in Banque du Caire on the EGX, as part of its plan to float shares of public companies and banks on the stock exchange to raise between EGP 6bn and EGP 8bn per year. (Shutterstock)
October 3rd, 2018 - 07:38 GMT

Banque Du Caire Will Go Public, Raising up to EGP 8 Billion per Year

Egypt’s stock market index gained 4.82 percent this week. (AFP)
September 3rd, 2018 - 09:49 GMT

Egypt's Stock Market Is the Best-Performer in the Region This Week

Defining the best investment depends on the kind of yield sought. Some people aim for quick profits, while others make investments that should give yields in the longer term. (Shutterstock)
September 2nd, 2018 - 11:30 GMT

The Best Investment Options in Egypt

The Turkish lira lost about 20 percent of its value against the US dollar. (Shutterstock)
August 16th, 2018 - 09:03 GMT

Interest Rates to Remain Unchanged in Egypt Despite Turkish Lira Crisis

UAE is ranked as the 17th most competitive country globally. (Shutterstock)
August 15th, 2018 - 07:28 GMT

Report: UAE Economy Ranks First as The Most Competitive Economy in MENA

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