Egypt’s balance of payments recorded a deficit of $8.6 billion during the fiscal year of 2019/2020, compared to $102.5 million during the fiscal year of 2018/2019, according to the Central Bank of Egypt (CBE). CBE noted in a report that the current...اقرأ المزيد
The Banking Industry and Future of Financial Services Forum started its activities on Friday in the resort city of Sharm El Sheikh. Held under the auspices of the Central Bank of Egypt (CBE), the three-day event is organized by the Union of Arab Banks...اقرأ المزيد
Egypt’s foreign reserves hiked by about $795 million, recording $39.22 billion by the end of October 2020, compared to $38.425 billion during September 2020, according to the Central Bank of Egypt (CBE). This rise is the fifth in row for the Egyptian...اقرأ المزيد
Egypt is expected to achieve a real growth domestic product (GDP) of 3.5 percent during 2020/2021, the World Bank stated in a report Monday. It also anticipated the Egyptian economy to hit a growth rate of 5.8 percent in 2022/2023, which matches the International...اقرأ المزيد
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided Thursday, August 13, to keep interest rates unchanged for the fourth meeting in row. The overnight deposit rate, overnight lending rate, and the rate of the main operation...اقرأ المزيد
The Egyptian banking system has remained stable in light of the global fluctuations caused by the emerging corona virus pandemic, according to the International Monetary Fund (IMF). IMF added in a report that the most recent data indicate that the system...اقرأ المزيد
Fitch Ratings affirmed Monday Egypt’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B+’ with a Stable Outlook. It noted that Egypt’s ratings and Outlook are supported by a recent track record of fiscal and economic...اقرأ المزيد
The Egyptian Exchange (EGX) ended mid-week session in a semi-collective rise, adding LE 1.09 billion to market capitalization, amid Egyptian purchases. The benchmark EGX30 dipped 0.34 percent, or 37.44 points, to close at 11,050.2 points. The equally...اقرأ المزيد
The Egyptian Exchange (EGX) ended Monday in green, adding LE 5.8 billion to market capitalization, amid Egyptian purchases. The benchmark EGX30 rose 1.17 percent, or 128.29 points, to close at 11,087.64 points. The equally weighted index EGX 50 increased...اقرأ المزيد
The Central Bank of Egypt (CBE) said the number of beneficiaries from President Abdel Fattah El Sisi’s initiative to provide insurance protection for irregular workers through Aman certificates has reached 859,000. They bought certificates worth...اقرأ المزيد