Central Bank of Egypt (CBE)

Egyptian expats in the US to support home economy with US$2 billion
Business

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

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

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

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

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

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

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…
Egypt announces an increase in foreign assets deficit
Business

Egypt announces an increase in foreign assets deficit

The Central Bank of Egypt announced that the net foreign assets deficit in the banking sector increased by about fiv…
CBE raises required reserve ratio from 14% to 18%
Business

CBE raises required reserve ratio from 14% to 18%

The Central Bank of Egypt decided on Saturday to raise the required reserve ratio in banks from 14 percent to…
CBE withdraws LE100 billion of liquidity for 6th time in a month
Business

CBE withdraws LE100 billion of liquidity for 6th time in a month

Liquidity worth LE100 billion has been withdrawn by the Central Bank of Egypt (CBE) for the sixth time in about…
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