The Central Bank of Egypt (CBE) has carried out a training program for more than 100 bankers from 20 African countries under President Abdel Fattah El Sisi’s directives to boost cooperation with African countries. The bank detailed in a statement released...اقرأ المزيد
The Monetary Policy Committee of the Central Bank of Egypt (CBE) kept the overnight deposit rate and the overnight lending rate on hold Thursday, matching economists’ expectations. The overnight deposit rate and the overnight lending rate were...اقرأ المزيد
The Egyptian Exchange (EGX) and the Central Bank of Egypt announced Sunday, June 30, to be an official holiday in celebration of the anniversary of June 30 revolution. Egypt witnessed mass protests on July 30, 2013,which marked the one-year anniversary...اقرأ المزيد
The Central Bank of Egypt (CBE) said that Egypt’s annual core inflation rate declined to 7.8 percent in May 2019, from 8.1 percent in April 2019, according to a report. Core inflation discounts or strips out certain categories that are considered more...اقرأ المزيد
A number of parliamentarians highlighted the Egyptian Central Bank’s announcement concerning the rise of foreign exchange reserves (forex reserves) to $44.27 billion at the end of May. Foreign exchange reserves is defined as the foreign-currency...اقرأ المزيد
The Monetary Policy Committee of the Central Bank of Egypt will meet on May 23 to discuss the interest rates, amid expectations to keep rates unchanged in light of the inflationary season, including Ramadan, Islamic feasts and the beginning of the new...اقرأ المزيد
The Monetary Policy Committee of the Central Bank of Egypt (CBE) kept the overnight deposit rate and the overnight lending rate unchanged on Thursday, meeting analysts’ expectations. The overnight deposit rate and the overnight lending rate were kept...اقرأ المزيد
Egypt’s foreign reserves rose by about $106 million, recording $44.218 billion by the end of April 2019, compared to $44.112 billion by the end of March 2019, according to the Central Bank of Egypt (CBE). The current average of foreign reserves covers...اقرأ المزيد
Governor of the Central Bank of Egypt (CBE) Tarek Amer said in early 2019 that the exchange rate of the Egyptian pound is to witness several fluctuations. Although this was true, these fluctuations have been in favor of improving the pound rate. The...اقرأ المزيد
Egypt’s foreign reserves rose by $1.4 billion by the end of February 2019 to reach $44.06 billion, compared to $42.6 billion by the end of January 2019, according to the Central Bank of Egypt (CBE). Egypt spends an average of $5 billion monthly on...اقرأ المزيد