Banks have directed LE 110 billion to finance small and medium enterprises since the start of the Central Bank’s initiative to direct 20 percent of the bank’s financing to this sector until June 2018, according to Deputy Governor of the Central...اقرأ المزيد
Chairman of the Egyptian Meteorological Authority (EMA) Ahmed Abdel Aal anticipates a heat wave starting on Thursday until Tuesday, May 22. Weather temperatures are expected to rise between 4-7 degrees, causing very hot weather, especially in the daylight...اقرأ المزيد
The chief of the Central Agency for Public Mobilization and Statistics (CAPMAS) Khayrat Barakat said on Thursday that the Egyptian presidential elections saw high turnout as electors desired to show the power of the state before the world. Barakat added...اقرأ المزيد
“The merciful heart of the revolution,” a title given by late President Gamal Abdel Nasser to Hikmat Abu Zaid, the first Egyptian woman to be named a minister when she was appointed as the Minister of Social Affairs in 1962. Fifty-six years later,...اقرأ المزيد
The Central Bank of Egypt (CBE) warned against using virtual currencies, namely Bitcoin, due to the high risks involved, describing the currencies as volatile and unstable in value due to unmonitored exchanges. The CBE warned that those dealing with virtual...اقرأ المزيد
A high-level source at the Central Bank of Egypt (CBE) said on Thursday that Egypt will receive the third installment of the loan agreed with the country and the International Monetary Fund (IMF) within days, worth $2 billion. The IMF Executive Board...اقرأ المزيد
Governor of the Central Bank of Egypt (CBE) Tarek Amer denied on Sunday that reports that Egyptian banks and other banks operating in the local market are financing the construction of the Grand Ethiopian Renaissance Dam (GERD). During the past two days,...اقرأ المزيد
A high-level government source said Friday that the decision of the Monetary Policy Committee of the Central Bank of Egypt (CBE) on Thursday to raise the key interest rates by 2 percent was the last action of November’s CBE measures to float the currency,...اقرأ المزيد