The Egyptian government and the Central Bank have requested a financial package from the International Monetary Fund (IMF), according to the Rapid Funding Tool program (RFI) and the SBA program, Prime Minister Mostafa Madbouli announced Sunday. This package...اقرأ المزيد
Debts worth LE 37 billion were settled for 45 major clients, who have irregular payment until February 6, as part of the debt settlement initiative, Governor of the Central bank of Egypt (CBE) Tarek Amer said Tuesday. According to Amer, this step was...اقرأ المزيد
Egypt’s total external debt increased 17.47 percent at the end of September 2019, recording $109.363 billion, compared to $93.101 billion in September 2018, according to recent data issued by the World Bank. The data revealed that external debts due...اقرأ المزيد
The term of Egypt’s Central Bank Governor Tarek Amer has been renewed.According to CBE law, the term of CBE governor can be renewed once to extend for additional 4 years. The new term will end in 2023. Previously, Capital Economics praised the success...اقرأ المزيد
President Abdel Fatah al-Sisi met with Prime Minister Mostafa Madbouli and a number of ministers and high-level officials to follow up on the government’s efforts to provide the necessary commodities for citizens during Ramadan with proper prices....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
“The world trusts the capabilities of Egypt’s economy, following the success of the economic reform program which exceeded expectations,”.said Governor of the Central Bank of Egypt Tarek Amer, pointing out that the inflation rate fell...اقرأ المزيد
Business Today Magazine, which is part of the Egyptian Media Group (EMG), is holding the biggest business event of the year, Monday: BT 100. The events is set to witness more than 800 guests from prominent business persons, to key influential individuals...اقرأ المزيد
Egypt’s Central Bank governor, Tarek Amer, said in an interview Tuesday with Bloomberg that Egypt is due to receive fifth installment of its International Monetary Fund ( IMF) loan in late January or early February. Egypt has received four installments...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
