Latest in Tag: CBE Highlight
Latest in Tag: CBE
CBE’s role pivotal in economic reform programme, restoring investors’ confidence: El Kadi
Egypt has an attractive investment climate for local, global, and Arab investments, as well as diverse investment opportunities and economic activities
Balance of Payments marks surplus of $13.7bn in FY 2016/2017: CBE
Exports revenues amount to $21.7bn, imports register $57.1bn, tourism profits at $4.4bn, $4.9bn from Suez Canal
Egypt Central Bank to reduce interest rates 1% by end of 2017: Capital Economics
Monetary easing is likely in 2018 with rates to be cut further than most expect
SMEs to receive tax exemption: CBE governor
Inclusion of 9 m clients in mobile banking services
CBE clears multibillion-dollar backlog of FX requests: official
Figures add evidence to Egypt’s external finances improving
CBE, ITIDA, EBI sign cooperation protocol to support companies working in IT sector
The Central Bank of Egypt (CBE) signed a cooperation protocol with the Information Technology Industry Development Authority (ITIDA) in partnership with the Egyptian Banking Institute (EBI) to facilitate the procedures for technology companies registered in ITIDA’s database on bank financing. The protocol also aims to qualify these companies to manage their own projects and how …
Can the banking sector achieve financial inclusion alone?
The CBE holds the largest international conference on financial inclusion from 13 to 15 September, with the participation of more than 94 countries and 119 international institutions
Egypt foreign exchange reserves increase by $107m in August
Foreign exchange reserves increased to $36.14bn at the end of August compared to $36.03bn in July
CBE covered dollar needs worth $49bn since flotation
Dollar liquidity is directed to foreign trade financing and foreign companies’ reparation of funds
CBE’s automobile committee resumes work soon
Hussein Mostafa, the executive director of the Egyptian Automobile Manufacturers Association (EAMA) and the chairperson of the automobile committee of the Central Bank of Egypt (CBE), said the committee has stopped over the past period in order to study the developments of the automobile market. This includes the increase in the price of automobiles, which …
Banknote issuance to GDP increases to 13.42% in May: CBE
CBE printed new banknotes worth EGP 15.774bn this month
EGP 55bn increase in bank deposits, EGP 39bn increase in loan portfolio in May 2017: CBE
Foreign investments in T-bills hike to EGP 176,000bn at the end of June, compared to EGP 136.157bn at end of May
Can CBE reduce inflation to 10%-16% by the end of 2018?
The key objective of monetary policy in the next phase is to stabilise inflation with the aim to achieve prices stability on longer-term
Exchange rate to remain stable at EGP18/USD this year and next: FocusEconomics
Inflation to remain elevated for some time to come, says FocusEconomics
Tarek Amer named Central Bank Governor of the Year by IMF’s, World Bank’s GlobalMarkets
The selection was based on Amer’s role in reforming Egypt’s currency exchange system
CBE caps pilgrims cash to $10,000
Foreign exchange reserves rose at the end of July to $36bn, thanks to the governmental economic reforms initiated in November
CBE has no intention of allowing cryptocurrency in Egypt: official
Bitcoin plans to launch in Egypt by late August, awaits needed legislation to be legally traded
Local, international institutions offer investing €734.9m in Egyptian T-bills
International banks have requested the renewal of a $2bn loan to Egypt for five years, says Amer
Limited changes in boards of government banks before end of September 2017
Two leaders expected to be sacked, 4 likely to stay, ambiguity surrounds one leader
HC Securities expects CBE to keep interest unchanged on Thursday meeting
We expect inflation to return to normal levels starting from September, says Saada
Falling inflation should pave way for prolonged monetary easing cycle: Capital Economics
Fuel prices need to increase by an additional 140% by 2018/19
Will inflation force CBE to increase pound interest rate on Thursday?
MPC holds its fifth meeting on Thursday to look into the destiny of basic yield prices in the CBE amid uncertainty about its decision
Did CBE miscalculate including part of hot money within foreign exchange reserves?
A debate among analysts about the CBE’s inclusion of foreign investment in treasury bills in its reserves
Egypt’s world-traded goods worth $59.035bn in 9 months: CBE
Imports amount to $43.04bn, exports register $15.99bn from July 2016 to March 2017
Banks’ capital increases by EGP 13.74bn in April: CBE
The increase came as a result of using a part of the reserves, as well as the revaluation of capital in foreign exchange in some banks
Industry accounts for 35.9% of total credit facilities granted by banks until end of April: CBE
The services sector came in second place, followed by the commercial sector, while the agriculture sector is at the bottom of the list
Unstable dollar price behind fluctuation in banks’ deposits, loans after flotation: CBE
Most banking indicators experience a rise and fall every month because of revaluation of assets in foreign exchange
Foreigners’ investments in Egyptian treasury bills increase by EGP 43.5bn in May 2017: CBE
Foreign debt jumps $73.9bn by the end of March 2017, equivalent to 41.2% of GDP
Egypt foreign reserves hit all-time high in July
The reserves jumped USD 4.7 billion in July, says the Central Bank of Egypt
Controversy intensifies over new Banking Law
CBE surveyed IMF and World Bank experts regarding the law after field visits to several central banks, Amer said in an earlier statement